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Set up regulator for real estate sector, demands BJP MP

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Press Trust of India New Delhi
Last Updated : Mar 28 2017 | 2:22 PM IST
Lok Sabha today saw a member demanding setting up of a regulator to fix the rates of construction materials like steel, cement, sand and bricks, saying it will insulate home buyers from exploitation by real estate firm.
Raising the issue during the Zero Hour, BJP MP Sushil Kumar Singh said the time has come for setting up a regulator to fix the rates of construction materials as real estate sector was growing at a fast pace.
He said the appointment of the regulator will streamline price variation help the overall construction sector.
"It can be set up on the lines of TRAI (Telecom Regulatory Authority of India) and Electricity Regulatory Commissions," he said.
The MP from Bihar said the regulator for the construction sector will also complement Prime Minister Narendra Modi's vision of affordable housing.
Banshilal Mahto, Singh's party colleague from Chhattisgarh, raised the issue of closure of several industrial units in his home state and sought Centre's intervention.

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First Published: Mar 28 2017 | 2:22 PM IST

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