(On Regulatory Bill) Nikhil Jain, CEO, Ramprastha Group

The real estate regulator bill would create a platform for buyers and developers to address their issues pertaining to the real estate sector. It will further add on transparency and accountability for both the parties. hence a win-win situation for every stake holders. Also the bill will protect the interest of realtors addressing the needs of delayed approval and speedy adjudication of conflicts keeping an ongoing project at bay resulting in huge monitory loss for delayed operational cost. The bill aims to balanced eco system of the industry. by safeguarding the interest of the consumers. thereby a quick solution to the problem. which has never been addressed through a single platform.