Tuesday, Jul 7 2020 | Time 02:49 Hrs(IST)
image
States


Real estate sector one of the most pivotal sector of Indian economy.

Real estate sector one of the most pivotal sector of Indian economy.

By Biswamoy Mukherjee

Kolkata, Dec 20 (UNI) The Real estate sector is one of the most pivotal sectors of Indian economy as it plays a vital role in employment generation in India.

It ranks second just behind agriculture. The importance of Real estate sector can be understood with its average 5-6 per cent GDP contribution and stimulating demand for more than 250 ancillary industries.

After missing the centre’s deadline, the West Bengal Housing Industry Regulation Bill 2017 has finally been passed by the state assembly and aims to have a housing regulator in place within 60 days

West Bengal Government, in an effort to provide a transparent policy in the housing sector, thereby protecting the interest of the buyers, has passed The West Bengal Housing Industry Regulation Bill, 2017.

The Bill was passed on August 17 in the state assembly. The step was taken after considering the need for quality and affordable housing in the real estate sector.

It must be mentioned that Chief Minister Mamata Banerjee has given a clear instruction to ensure that the interests of buyers are given the highest priority, and the law has been framed keeping this in mind.

Within a period of one year after the Bill turns into an Act, the State Government will establish the West Bengal Housing Industry Regulatory Authority (WBHIRA) to exercise the powers conferred on it.

MORE UNI BM SJC

More News

Mah: 14 fresh corona cases recorded in Kolhapur

06 Jul 2020 | 11:51 PM

Kolhapur, Jul 6 (UNI) 14 peoples were tested positive for corona during the last 24 hours in the district.

see more..

Covid-19: at 11 deaths, second highest one-day toll in Telangana, 1831 more test positive

06 Jul 2020 | 11:50 PM

Hyderabad, Jul 6 (UNI) : Telangana on Monday reported 11 deaths, the second single-day spike so far as 1831 more patients tested positive, also third -highest single-day surge in the state.

see more..

16 COVID-19 cases in one day, infant dies in Meghalaya

06 Jul 2020 | 11:49 PM

Shillong, Jul 6 (UNI) Meghalaya recorded its second COVID-19 death after an eight-month-old baby died here in Meghalaya on Monday, even as the State registered the highest single day spike in Meghalaya with 16 new active COVID-19 cases detected.

see more..

MP CM meets Prez

06 Jul 2020 | 11:47 PM

Bhopal, July 6 (UNI) Madhya Pradesh Chief Minister Shivraj Singh Chouhan paid a courtesy visit on Monday to President Ram Nath Kovind at Rashtrapati Bhavan, it was officially learnt.
This was Mr Chouhan’s maiden meeting with the first citizen after assuming the chief ministerial mantle in March. During the interaction, the visiting politician apprised the Supreme Commander regarding the COVID-19 situation in the state and other matters. He also presented the booklets ‘Ummeed’ and ‘Madhya Pradesh Vikas ke Pratibadh Prayas’ published by the state dispensation.

see more..

11 flights with 2340 passengers to arrive at CIAL on Tuesday

06 Jul 2020 | 11:47 PM

Kochi, Jul 06 (UNI) As many as 11 repatriation flights with 2340 passengers
are expected to arrive at Cochin International Airport here on Tuesday.

see more..
image