Amendment in Real Estate Bill may lead to imprisonment of errant builders
Amendment in Real Estate Bill may lead to imprisonment of errant builders
In the current version of the bill, punitive action for various offences is mostly restricted to financial penalties, and not imprisonment.

The Parliamentary Select Committee for the Real Estate Bill 2013 is likely to push for more stringent clauses that may lead to imprisonment of builders if they do not fulfil their obligations to home-buyers.

Reports suggest that the parliamentary panel is mulling the changes after public consultations across the country.

In the current version of the bill, punitive action for various offences is mostly restricted to financial penalties, and not imprisonment.

The final report of the Parliamentary panel will be tabled before the upcoming Monsoon Session of Parliament.

Prime Minister Narendra Modi had said a week ago that the bill would be pushed during the Monsoon Session of Parliament.

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