New legislation will help construction materials companies develop better business strategies in India

[Varsha Chitale]

One of the biggest challenges for competitive intelligence (CI) analysts in India is the lack of adequate documentation and statistics. Real estate is among the least documented sectors in India. But a new legislation in the pipeline could change this...

Among the many pending legislations, is the draft Real Estate Regulation and Development Bill, 2013, which is aimed at bringing greater transparency and protection of customers’ interests.

The Bill will require all developers to register with a regulatory authority and submit to the authority details of their projects and brokers who represent them. Without this, they will not be able to undertake any buy-sell transactions.

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