Darjeeling MP Raju Bista Advocates Real Estate Reforms at Siliguri Seminar
Darjeeling MP Raju Bista emphasized the importance of real estate reforms during a recent seminar in Siliguri, discussing key policies and initiatives aimed at boosting the sector.
Real Estate ReformsSiliguri SeminarDarjeeling MpProperty TaxesSustainable DevelopmentReal Estate NewsMar 01, 2025
The seminar focused on the latest real estate development and taxation policies, highlighting the government's commitment to revitalizing the local economy through strategic reforms.
Raju Bista, known for his proactive approach to development, emphasized the need for transparent and efficient real estate practices.
'The government is committed to making the real estate sector more investor-friendly and ensuring that home buyers are protected from fraudulent practices,' he stated.
Bista also discussed the implementation of the Real Estate (Regulation and Development) Act, 2016, which aims to bring more accountability and transparency to the industry.
The seminar attracted a diverse group of participants, including real estate developers, investors, and local government officials.
Bista outlined several key initiatives, such as the rationalization of property taxes and the simplification of the land acquisition process.
These reforms are expected to attract more investments and enhance the overall development of the region.
One of the primary concerns raised at the seminar was the high cost of property taxes, which often deters potential investors.
Bista assured the audience that the government is working on a comprehensive strategy to address this issue.
'We are looking at ways to reduce the burden on developers and ensure that the benefits of these reforms are passed on to the consumers,' he said.
The MP also touched upon the importance of sustainable development practices in the real estate sector.
'We must ensure that our development is not only economically viable but also environmentally sustainable,' Bista emphasized.
He highlighted the government's efforts to promote green buildings and energy-efficient construction methods.
Additionally, Bista discussed the role of technology in modernizing the real estate sector.
'Technology can play a crucial role in streamlining processes and improving transparency,' he noted.
The government is exploring the use of digital platforms to facilitate property transactions and enhance the overall efficiency of the sector.
The seminar concluded with a panel discussion, where experts shared their insights on the future of the real estate market in Siliguri and the surrounding regions.
Bista's speech was met with positive feedback, and many attendees expressed their optimism about the proposed reforms.
'It's reassuring to see the government taking proactive steps to address the challenges faced by the real estate sector,' said a local developer.
Overall, the seminar provided a platform for stakeholders to engage in meaningful discussions and understand the government's vision for the real estate sector.
Raju Bista's advocacy for real estate reforms is expected to contribute significantly to the economic growth of the region, making Siliguri a more attractive destination for both investors and home buyers.
Frequently Asked Questions
What is the Real Estate (Regulation and Development) Act, 2016?
The Real Estate (Regulation and Development) Act, 2016, is a legislation aimed at increasing transparency and accountability in the real estate sector. It requires developers to register their projects and provide regular updates to buyers, protecting them from fraudulent practices.
How will the government reduce the burden on real estate developers?
The government is working on rationalizing property taxes and simplifying the land acquisition process to make it easier and more cost-effective for developers to invest in the real estate market.
What role does technology play in the real estate sector?
Technology can streamline property transactions, enhance transparency, and improve the efficiency of the real estate sector through the use of digital platforms and modern tools.
What is the significance of sustainable development in real estate?
Sustainable development in real estate ensures that projects are not only economically viable but also environmentally friendly, promoting the use of green buildings and energy-efficient construction methods.
How will the proposed reforms benefit home buyers?
The proposed reforms are expected to make the real estate market more transparent and investor-friendly, leading to better protection for home buyers and potentially lower costs due to reduced taxes and streamlined processes.
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