The Uttar Pradesh (UP) government has decided to enact a new law aimed at regulating real estate agents and ensure better services to home-buyers across the state.Officials said under a new law a property dealer/broker will have to register himself/herself with a government local body and obtain a license number before starting his business.
"The UP urban housing department is busy drafting a new bill to regulate property brokers. Once the draft bill is ready, it will be approved first by the cabinet principally and then passed by legislative assembly to make it a law. The aim of the new law is to bring down rising property fraud cases, and ensure quality services to home-buyers," said a senior UP government official in Lucknow.
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