Mar 15 2016 | Realty Zone

Prashant Tiwari, Chairman, Prateek Group

The bill once made a law will not only protect property buyers but will also boost investments in the sector. As the government has already brought amendments in the bill like regulating both commercial & residential properties, maintaining an escrow account, establish fast track dispute resolution mechanisms for consumer grievances, preventing builders to make changes in layouts and plans etc. The builder community will also be benefitted as the bill would promote fair play in realty transactions. This would also help in distinguishing the work of sincere ones and the fraudsters. The law will be a brand builder for those developers who are genuine and work to deliver quality projects in specified timelines.

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