Why is real estate regulation caught in a time warp?
Why is real estate regulation caught in a time warp? The challenges faced in real estate regulation are not limited to the trends in the virtual world. The marketplace in the real world, too, is demanding that regulation be more nimble, more agile, and more forward looking ( Also, published today in moneycontrol.com ) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Parliament sessions, including the February 1 Budget session, have been largely silent on changes in taxes, as well as regulations with respect to real estate. However, as more activities in these areas go virtual, regulation and legislation may need to keep pace. Classes to conferences and currencies to campaigns are now more prominent in their virtual avatars. Though real estate and the homes we live have not become virtual, as more things go virtual regulation in the real estate sector will start appearing more jarring. Any real