The Union Cabinet has cleared the Real Estate (Regulation and Development) Bill, 2013, however, it is not yet available in the public domain for reasons best known to the government. The only Bill available on the web is a draft of 2011
The real estate sector is a critical driver of economic growth and one of the messiest in 
India. It is smothered in red tape, yet has the biggest black money problem. As we all know, every politician has resisted creating a real-estate regulator for the past two decades. Even today, we have a funny situation. All the excitement created by the cabinet clearance for the Real Estate (Regulation and Development) Bill, 2013 turned out to have a big catch. The Press Information Bureau (PIB) put out a detailed press release but no Bill. Even as of today, the Ministry of Housing and Urban Poverty Alleviation, shows the draft of the Bill modified in December 2011, on its website.
According to reports, 22 states had given their approval to the Bill while five states wanted certain amendments. These changes have been incorporated in the Bill cleared by the Cabinet. Chhattisgarh is the only state to still oppose the Bill, the reports say.
While we do not know what Bill the union cabinet has sanctioned, but here is a copy of the Bill...
Read more about the Real Estate Regulation Bill:
• A bulk allottee or buyer will also be considered as a promoter causing confusion
• Will the regulation really exclude commercial property?
• The humungous job of monitoring 30,000 crore sq ft of construction planned
•Moneylife Foundation event on decoding the realty regulator
• Registration of brokers: Huge challenges ahead
• Centre and states may collude on parallel laws, cost
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