Rajya Sabha Business Advisory Committee allocates time for GST and Real Estate Bills

By Accommodation Times News Services

Real-estate-billGovernment has proposed a heavy legislative agenda for consideration and passing by both the Houses of Parliament as the third week of current Winter session of Parliament begins on Monday, the 7th of December, 2015.

GST Bill and the Real Estate Bill are on the list of Government Business in the Rajya Sabha during the week commencing Monday, as per the Statement made by the Minister of State for Parliamentary Affairs Shri Mukhtar Abbas Naqvi in the House, the Business Advisory Committee of Rajya Sabha has allotted a time of 4 hours for the GST Bill and 2 hours for Real Estate Bill. Select Committees of the House have already submitted their reports on these two Bills which are pending for further consideration and passing by the Rajya Sabha.

Government is aiming to pass the Real Estate (Development and Regulation) Bill, 2013, which is said to bring transparency in the sector and reduce the malpractice going on in the sector through regulatory mechanism, in this Winter session of Parliament.

The bill will set up a regulatory framework that will govern contracts between home buyers and sellers. A regulator to reduce malpractices in the real estate sector, which is one of the biggest sinks of black money, was long overdue.

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