Wednesday 26 June 2013

Impact of RE Bill 2013


Once RE Bill 2013approved by cabinet gets nod of parliament will become law, consequently all brokers and agents will have to get registered with the real estate regulator authority before they can practice. Builder will have to provide a list of agents who will represent and sell each project.
Once the project gets approval and is registered, all details will have to be uploaded on the website and updated every quarter. This encompasses unveiling the extent of project completion.

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