Govt. softens stand on real estate Bill

Venkaiah Naidu assured the House that it will be brought only after consultations with various parties.

Updated - April 02, 2016 08:33 pm IST

Published - May 05, 2015 04:55 pm IST - New Delhi

The Real Estate (Regulation and Development) Bill 2013 will be referred to a Select Committee by the Rajya Sabha on Wednesday. The government will bring a motion in the light of the demand from large sections of the Opposition, which is in a majority in the Upper House, to refer the Bill to a Select Committee.

Though the Bill was listed for discussion on Tuesday, the government did not press for it in the face of opposition to it both inside and outside the House. Congress vice-president Rahul Gandhi had met home buyers last weekend to discuss their concerns about the Bill. The Opposition, which submitted a notice for referring the Bill to a Select Committee, is of the view that the draft legislation favours builders at the cost of home buyers.

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