Delay in real estate bill increases pain for home-buyers, brings relief to builders.

NEW DELHI: Following Rahul Gandhi’s accusation of the NDA real estate bill being pro-realtor, three Congress MPs on the 21-member select committee have a tough task at hand as they now have to walk the talk on their professed concern for home buyers, who often complain of getting shortchanged by builders.

To begin with the delay in enacting a legislation, which was first conceived in 2009, will be a negative for home buyers, many of whom are still awaiting possession of apartments.

The NDA government has already accepted 23 of the 39 recommendations made by the parliamentary standing committee. “Now the political parties should have pointed out what needed to be improved rather than delaying the move to establish the regulator,” another government official said.These include bringing residential, commercial and industrial projects under the regulator, including balconies, terraces and verandas in the carpet area and builders’ responsibility to clear debris.