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

Chronology of events leading to the passage of Real Estate Bill in Rajya Sabha on Thursday.

Zee Media Bureau

Chronology of events leading to the passage of Real Estate Bill by Rajya Sabha on Thursday:

-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.