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Real Estate: Maharashtra To Appoint Housing Regulatory Body
The Maharashtra government will soon appoint a regulator to safeguard the interests of home-buyers, after the Centre gave a go ahead to the state to frame rules to implement the Housing Regulatory Act approved by the President.
 
“The process of framing of rules is in progress and the delay was because the Centre had framed a similar law ‘Real Estate (Regulation and Development Bill)’ and wanted the state to adopt it. However, the Central government’s Bill is pending in the Rajya Sabha. We explained to the Centre that Mumbai’s housing needs are different from the rest of the country. There was urgent need for a housing regulator and that our provisions were better than the proposed Central law. Our submission has been accepted and we will have our own housing regulator,” Shrikant Singh, principal secretary housing department, government of Maharashtra, said.

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Banking: Proof of Address for Bank Accounts
According to a Central government gazette notification, the following documents will be accepted as proof of address for bank accounts:
a) Utility bill, not more than two months old, of any service provider (electricity, telephone, post-paid mobile phone, piped gas, water);
b) Property or municipal tax receipt;
c) Bank account or post-office savings bank account statement;
d) Pension or family pension payment orders (PPOs) issued to retired employees by government departments or public sector undertakings, if they contain the address;
e) Letter of allotment of accommodation from employer issued by state or Central government departments, statutory or regulatory bodies, public sector undertakings, scheduled commercial banks, financial institutions and listed companies. Similarly, leave & licence agreements with such employers allotting official accommodation; and
f) Documents issued by government departments of foreign jurisdiction and letter issued by a foreign embassy or mission in India.

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