Central Government to bring in law to regulate Delhi real estate

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The Central Government on Thursday said that it is considering a model legislation on regulating real estate in Delhi.
In reply to a written question in the Rajya Sabha, Minister of State for Urban Development Saugata Roy said that ‘the Delhi Real Estate Management (Regulation and Control) Bill’ can also serve as a reference for other states.
The minister ruled out the constitution of a regulator for real estate sector for the entire country, saying matters pertaining to local governance and land falls in the list of state subject as per the Constitution.

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