India's proposed Real Estate Act, which is expected to be laid before Parliament next month, will not include regulation of residential property prices, a top Government official said.
The Real Estate (Regulation of Development) Act will largely focus to prevent the fraudulent activities of certain players in the sector, Joint Secretary (Housing), SK Singh said.
'We have decided not to include the regulation of prices. More than the price, our aim is to guard against the fraudulent activities of certain developers and protect the interest of the end consumer,' he said.
Times of India