mumbai the interests of home buyers will be safeguarded under the proposed real estate regulatory authority bill said ajay maken union minister for housing and poverty alleviation he said buyers may get a bigger say while buying a house as per the provisions of the bill that will be tabled during the forthcoming budget session the minister was addressing the ongoing international conference on governance of mega city regions in mumbai maken said the bill will greatly reduce the prevailing rampant corruption in the real estate and housing sector not only will it protect the rights of home buyers but also bring greater transparency developers will be restricted from channelizing funds collected from the customer for one project into another one this will bring better security to buyers investments even the property agreement documents which are prepared and executed by the developers will not remain onesided they will not favour the developer alone the ministry is considering infrastructure sector status for the affordable housing segment this will enable banks to step forward and provide loans to urban poor and boost this segment banks will be able to provide longterm loans also with the change in industry status the ratio of nonperforming assets npas in this category will reduce the poorer section will receive easy finance options boosting the affordable housing market and indeed the entire real estate industry he claimed on monday maken had suggested that the maharashtra government raise fsi in mumbai