Present Status and Challenges in Real Estate (RE)

1.       There is no separate Mother authority to regulate Real Estate –

a.       Eg., for Food – FSSAI

2.       Everyone is in the Business. Whether qualified, capable or not

3.       Time – Being Immovable property, the transaction initiation and completion time is long. Both the parties may dispute for the terms depends on the situation

4.       Easy to litigate by paying small fees  - undue advantages by both.

5.       No Transparency, Less Accountability

6.       More Disputes – more burden on judiciary

7.       No Financial Discipline

8.       Clarity and standardization of agreement /transactions