NEW DELHI - India aims to set up a real estate regulator and an appellate tribunal to control and facilitate construction and development in its largely unorganised housing sector, the government said on Friday.

The ministry of Housing and Urban Poverty Alleviation has prepared the draft of a new real estate regulation act and has sought comments from state governments and other stakeholders.

The proposed authorities would act to protect public interest in relation to the conduct and integrity of realty firms developing housing colonies and facilitate smooth and speedy construction and maintenance of colonies, the government said in a statement.

For details of the draft act, see www.mhupa.gov.in/ (Reporting by Devidutta Tripathy; Editing by Sunil Nair)

India