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RERA is Helping to Bring Transparency in Real Estate Sector: Piyush Goyal

Feb 01, 2019 11:49 AM IST India India

While presenting the budget, Finance Minister Piyush Goyal also talked about RERA. He maintained that RERA 2016 and Benami transaction prohibition act have played a key role in bringing transparency in the real estate sector. "It's a new era of graft-free regulation by bringing out RERA and many others. We conducted transparent transaction of natural resources, like coal. The fugitive economic offenders bill will prosecute economic offenders who have taken money and never returned them and fled the country," he said. Among the first major announcements in budget speech 2019, Finance Minister Piyush Goyal has announced Rs 6,000 per annum direct cash transfer to farmers owning less than 2 hectares of land.