It is a big relief for not just homebuyers but the developers as well. It intends to protects the interest of both homebuyers and the developers. It will for sure weed out fly by night operators. The bill will evoke the much needed transparency and accountability in the real estate sector. Real Estate Regulatory and Development bill aims to create a consumer right protection shelter, there by restoring and boosting confidence of consumer in the real estate sector. Now that the bill intends to infuse credibility into the sector, it will attract investment both the domestic and international.