Real Estate Bill: Chronology of events leading to the passage in Parliament

Zee Media Bureau

Chronology of events leading to the passage of Real Estate Bill by Parliament on Tuesday:

-Ministry of Law & Justice suggested a Central Law for regulation of real estate sector in July, 2011;

-Union Cabinet approved the Real Estate Bill, 2013 on June 4, 2013;

-Bill was introduced in Rajya Sabha on August 14, 2013;

-Bill was referred to the Department Related Standing Committee on September 23, 2013;

-Report of the Standing Committee was tabled in Rajya Sabha on February 13 and in Lok Sabha on February 17, 2014;

-Attorney General upheld validity of central legislation for real estate sector on February 9, 2015;

-Union Cabinet approved Official Amendments based on the recommendations of the Standing Committee on April 7, 2015;

-Bill of 2013 and Official Amendments referred to the Select Committee of Rajya Sabha on May 6, 2015;

-Select Committee tables its report along with the Bill of 2015 on July 30, 2015;

-Real Estate Bill, 2015 was approved by the Union Cabinet on December 9,  2015;

-Bill,2015 was listed for consideration and passing in Rajya Sabha on 22nd and 23rd December, 2015 but could not be taken up; and

-The Real Estate (Regulation & Development) Bill, 2016 passed by Rajya Sabha on March 10,2016.

-The Real Estate (Regulation & Development) Bill, 2016 passed by Lok Sabha on March 15,2016.