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 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.
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.
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.
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.
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.
The southern cities of Bengaluru
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