Still have not included sanctioning authorities in the Real Estate Bill 2015: CREDAI


 Mr. Getamber Anand, National President, Confederation of Real Estate Developers' Associations of India (CREDAI), said, while builders welcome the changes, the Bill should not be retrospective in nature as it would lead to a lot of confusion & delays. Commercial real estate should be kept out of the ambit of the regulator, he said.

"Also, they still have not included sanctioning authorities in the Bill. So, where do we go if there is a delay in getting approvals like as plinth certificates, occupancy certificate, electricity and water connections, even after the project has taken off. Without these permissions, even a completed project can not be offered for possession to house buyers," Anand said.


These issues, he said, should be addressed so that they do not become a pain point for the industry. 
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