We need body like SEBI and RBI for regulating the real state. Stringent guidelines on quality, pricing and consumer protection should be provided. The body should be on all india basis and should bring the local autority like DDA under its ambit. We need professionalism, quality control and checks in real state.Real state in India is in highly dubious state and houses are made of substandard quality and are over-priced.We need to study the models in developed countries like USA, Singapore etc and incorporate in India.
