Urban Development Minister M Venkaiah Naidu said the Real Estate (Amendment) Bill should be deferred to allow government time to have more consultations with parties.

He stated this after Opposition demanded that the Bill be referred to the Standing Committee as soon as it was moved for consideration and passage.

"We do not have majority in this House...I am aware of it," Naidu observed while suggesting deferment of the Bill.

The Bill, moved by the previous UPA government, has been brought by the current dispensation with amendments to the proposed legislation that will bring under its ambit commercial and all ongoing projects as also brokers while safeguarding consumers.

Moving the Bill, Naidu flagged the urgency to bring it to "safeguard the interests of consumers" and cited a Supreme Court order to buttress the point.

He referred to examples of "violations" taking place in Noida and Gurgaon and said, "it is better to have a regulator" and have some safeguards against the "unscrupulous elements".

The Opposition members, however, kept insisting that the Bill be referred to the Standing Committee.

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