Our govt. seems to be in a process to strengthen the policies on real estate and real estate investment in India. These directives by RBI are clear indication of that. I think one is bound to follow these steps and affect has started coming forth.
Although in a country like India, it is little difficult to move ahead maintaining the level of transparancy. But, people violating the policies are surely going to get the effect in future, and recent sealings and demolition of unauthorised structures is a good example to set by the govt. for such people.
Although, headache of the construction's builder has been increased as he will have to be responsible for completion of all the formalities and documentation and only he will have to suffer in situation of any lackings.
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