Real estate industry in India is expected to grow five-fold to $1 trillion by 2030 and a significant percentage of this is Residential Real Estate. This is being fuelled by the Prime Minister’s vision of ‘Housing for All by 2022’.About 11.2 million houses have been sanctioned and five million have already been allotted to beneficiaries. In the last few years 2 critical legislative bills were passed which are game changers. RERA (Real Estate Regulatory Act) was passed to protect the home owner’s interest and instil financial and operational discipline by Developers. This year Model Tenancy Act was introduced to protect the interest of Home Owners and Tenants alike.
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