Select panel may place report on realty bill in RS on Tues

Even as the Parliament has hardly been able to make any progress on the legislative front, with the opposition gunning for the resignations of several ministers, there is progress outside it.Sources have told CNBC-TV18 the select panel appointed to review the Real Estate Bill will submit its report in the Rajya Sabha. The report is said to have suggested as many as 35 changes to the bill.These include changes such as the rate of interest in case of default being the same for builder and buyer, as well as 50 percent of homebuyer funds being kept in an escrow account.In addition, the report also suggests making changes to definitions: such as that of carpet area.The report may also promoters of a real estate project exit a project with the permission of two-thirds of homebuyers.