Realtors: Repeal of ULCRA must come with safeguards
Kolkata: Real estate stakeholders have welcomed BJP state president Samik Bhattacharya’s statement that the state govt was considering repealing the Urban Land (Ceiling and Regulation) Act, 1976, but cautioned that any rollback must be backed by safeguards against speculative hoarding, land monopolies and sharp price escalation.Real estate consultant Samantak Das said, “safeguards in a repeal…