The Union Cabinet granted formal approval to which consumer-centric regulatory bill on December 9, 2015?
- AReal Estate (Regulation & Development) Bill
- BReal Estate Development Bill
- CReal Estate Regulation Bill
- DNone of the above
Solution & Step-by-step Explanation
On December 9, 2015, the Union Cabinet chaired by Prime Minister Narendra Modi cleared the comprehensive Real Estate (Regulation & Development) Bill, which led to the creation of the Real Estate Regulatory Authority (RERA) to protect home buyers and boost transparency in the housing sector.