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In India, the real estate sector has been one of the biggest wealth creators for most investors since the turn of the century. To eliminate the information asymmetry in the real estate sector and ensure that the sector maintains strong growth, the incumbent government brought in the necessary legislation for the real estate sector – the Real Estate (Regulation and Development) Act, 2016.
This act empowers all stakeholders in the real estate sector, such as consumers, developers, brokers/intermediaries and more by bringing much-needed transparency and accountability to place greater emphasis on planning and implementing clear guidelines for doing business in the real estate sector.
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