{"id":159,"date":"2016-03-25T10:08:53","date_gmt":"2016-03-25T10:08:53","guid":{"rendered":"http:\/\/www.yeshdevelopers.com\/blog\/?p=159"},"modified":"2025-10-31T01:48:47","modified_gmt":"2025-10-31T01:48:47","slug":"real-estate-bill-a-big-boost-for-property-buyers","status":"publish","type":"post","link":"https:\/\/www.yeshdevelopers.com\/blog\/real-estate-bill-a-big-boost-for-property-buyers\/","title":{"rendered":"Real Estate Bill a Big Boost for Property Buyers"},"content":{"rendered":"

With\u00a0Real Estate Bill<\/strong> becoming a realty, business in\u00a0real estate will not be as usual. \u00a0Home Buyers has many reasons to cheers as\u00a0The Real Estate bill, whose main focus is\u00a0to protect the home buyers rights makes\u00a0registration of projects essential, including those that have not got completion or occupancy certificates.\u00a0Registration will require builders to set aside funds collected from buyers and pay interest in case of delays. Hence, The real estate bill would force the Builders and Developers\u00a0<\/a>to finish construction and development work quickly as registering existing projects might delay them further.<\/p>\n

The Real Estate Bill<\/strong> which has been passed recently by both the houses of parliament is ready to\u00a0receive the assent of the President\u00a0says that\u00a0Builders have to deposit 70% of the amount collected from buyers <\/a>in a separate account to cover the cost of construction, including land. Developers will also have to pay the same interest rate<\/a> for any delays on their part as buyers <\/a>do when their payments to the builders are late.<\/p>\n

Real Estate investment has always provided a sense of security and emotional attachment to property <\/a>buyers and investors.\u00a0Real Estate is far less volatile than other growth oriented asset classes\u00a0and\u00a0financial institutions lend money easily to a real estate buyers.\u00a0Real Estate<\/a> is one of the very few asset classes which has beaten inflation consistently in the long run.\u00a0Government\u2019s commitment on Housing <\/a>for All and Real Estate Bill to make it a realty will certainly help\u00a0to strengthen the morale of\u00a0realtors in coming days.