In a major setback to the state’s effort in protecting a legislation it recently enacted to regulate the real estate sector and safeguard the interest of flat buyers, the Centre has decided to repeal Maharashtra’s housing regulatory act.

Despite strong opposition by the Maharashtra government against plans to rescind the state housing legislation, a Parliamentary Select Committee on the Central Bill presented its report last week to the Rajya Sabha, along with the Centre’s amended Real Estate (Regulation and Development) Bill, 2013, retaining a clause that states the Maharashtra Housing (Regulation and Development) Act, 2012 stands repealed upon implementation of the Centre's bill.