{"id":46054,"date":"2018-12-23T10:00:09","date_gmt":"2018-12-23T10:00:09","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=46054"},"modified":"2020-01-21T12:35:56","modified_gmt":"2020-01-21T12:35:56","slug":"establishment-of-real-estate-regulatory-authority-proposed","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/establishment-of-real-estate-regulatory-authority-proposed.html","title":{"rendered":"Establishment of real estate regulatory authority proposed"},"content":{"rendered":"<p>Islamabad: Senate\u2019s Committee on Interior met on Thursday to discuss a bill of Real Estate Act 2017, which aims to establish a Real Estate Regulatory Authority (RERA), a news source reported. The committee was chaired by Senator Abdul Rehman Malik, while the bill was presented by Senator Mohsin Aziz.<\/p>\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/need-for-formation-of-real-estate-regulatory-authority-stressed.html\" target=\"_blank\" rel=\"noopener noreferrer\">Need for Formation of real estate regulatory authority stressed<\/a><\/p>\n<p>The proposed authority will look into the matters to regulate the real estate industry and work on carving means to promote it. This will help in efficient and transparent sale of plots, apartments, buildings, and other real estate projects.<\/p>\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/secp-revamps-reit-regulations.html\" target=\"_blank\" rel=\"noopener noreferrer\">SECP revamps REIT regulations<\/a><\/p>\n<p>This will also support the interests of the consumers in real estate sector, and involves setting a system for fast resolution of disputes. An Appellate Tribunal will also be formed to cater to the appeals from the decisions, directions, or orders issued by the regulatory authority.<\/p>\n<p>Additionally, the committee was briefed about the consideration of illegal and private housing societies on Islamabad Capital Territory (ICT) and CDA policies regarding them.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Senate\u2019s Committee on Interior met on Thursday to discuss a bill of Real Estate Act 2017, which aims to establish a Real Estate Regulatory Authority (RERA), a news source reported. The committee was chaired by Senator Abdul Rehman Malik, while the bill was presented by Senator Mohsin Aziz. Read: Need for Formation of real estate regulatory authority stressed The proposed authority will look into the matters to regulate the real estate industry and work on carving means to promote it. This will help in efficient and transparent sale of plots, apartments, buildings, and other real estate projects. Read: SECP revamps REIT regulations This will also support the interests of the consumers in real estate sector, and involves setting a system for fast resolution of disputes. An Appellate Tribunal will also be formed to cater to the appeals from the decisions, directions, or orders issued by the regulatory authority. Additionally, the committee was briefed about the consideration of illegal and private housing societies on Islamabad Capital Territory (ICT) and CDA policies regarding them.<\/p>\n","protected":false},"author":68,"featured_media":46058,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15013,15015],"tags":[9498],"persona":[],"class_list":{"0":"post-46054","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction","8":"category-legal-taxation","9":"tag-details-on-establishment-of-real-estate-regulatory-authority-proposal","10":"cat-15013-id","11":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Establishment of real estate regulatory authority proposed - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Senate\u2019s Committee on Interior met on Thursday to discuss a bill of Real Estate Act 2017, which aims to establish a Real Estate Regulatory\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/establishment-of-real-estate-regulatory-authority-proposed.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Establishment of real estate regulatory authority proposed - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Senate\u2019s Committee on Interior met on Thursday to discuss a bill of Real Estate Act 2017, which aims to establish a Real Estate Regulatory\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/establishment-of-real-estate-regulatory-authority-proposed.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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