Finally Real Estate in India to be Regulated

The Real Estate Bill, a first of its kind in India has been approved by the cabinet. the implications of this would be a regulating body for the real estate sector in India and stringent conditions to build and market properties. Real estate developers and property agents both would be covered under this bill. However the prime focus would be on property developers who will have register all their projects to be developed on an area of 4000 square meters or above.