Set up Regulator for Real Estate Sector, demands BJP MP

NEW DELHI: 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.

Mentioning about MNREGA (Mahatma Gandhi National Rural Employment Guarantee Act) scheme, Congress member K C Venugopal raised concerns about the decision to cut down the number of working days under it.

“The situation is very, very bad…,” he said, adding that there were also pending dues under the scheme.

Making a submission about illegal migrants from Bangladesh, Tarun Gogoi (Cong) said such people must be identified and deported, irrespective of their religion.

During Zero Hour, Congress member Adhir Ranjan Chowdhury spoke about the Centre’s pact with NSCN-IM and wanted to know the “truth” about it.

There have been reports about certain alleged claims being made by the group regarding territorial integration of Naga-inhabited areas.

Ram Prasad Sarmah (BJP) said the people of Assam would never accept the idea of a ‘Greater Nagaland’.

Meanwhile, P K Sreemathi Teacher (CPI-M) urged the government to set up fast track courts for speedy trial of cases related to rape and sexual abuse of women and children.

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