new delhi parliament on tuesday cleared the real estate bill paving way for greater transparency in propertyrelated transactions and fixing accountability of developers amid hopes to attract investments including foreign funds to the sector the real estate regulation and development bill 2013 passed by lok sabha five days after it cleared the upper house will make it difficult for promoters and builders to delay projects replying to debate on the bill urban development minister m venkaiah naidu said it envisages that what you are committing what you are promising please fulfill what you are promising through advertisements please fulfil that that is the purpose of this bill