The Union Minister has also maintained that the bill should be able to promote transparency in disclosures by developers regarding to all relevant information about real estate projects by registering them with the proposed regulator.
Besides HUPA, ministries of Environment and Forests and Climate Change and Consumer Affairs are also involved in the finalisation of the bill.
Issues like protection of consumers' interests and single window system for approval of real estate projects are being taken care in the bill.
There is a suggestion from the real estate sector to rename the Bill as Real Estate (Regulation and Promotion) Bill.
