New watchdog for Indian real estate market will mean registration of developers and property brokers

[Nicholas Wallwork]

The final details for a new law to regulate the real estate*industry in India and establish a new regulator are being*drawn up with a bill expected before parliament in November.

The ambitious real estate regulation bill, aimed at*facilitating growth and promoting a transparent, efficient and*competitive real estate market in the country, is expected to*introduce a system of rating for builders and developers.

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