The real estate sector has been under his hard gaze as is evident from the Real Estate Regulation Act (RERA) which came into force a few months ago.Modi is tightening his grip on the real estate sector. A magnet for black money, real estate sector is, however, not exactly consumer-friendly, especially for the middle-class buyers. The Modi government's proactive approach on the real estate sector is expected to bring relief to such home buyers.Another move which is being considered by the government is linking of property with Aadhaar. This will not only bring transparency to the sector which is the first and last resort of black money but also soften home prices. The Aadhaar linkage will hit at benami property and drive out black money from real estate, also making home prices affordable for end buyers.

Source: Economic Times November 30, 2017 06:22 UTC