The real estate sector is ready to have its own regulator. Sector is actually craving for a regulator as we have come to understand that a single window will give us a way forward to growth and customer satisfaction. At this moment we are living in a regime of 40 NOC’s to a project and still no permission to function. It has no meaning and it does not give us the freedom to grow.

India today needs global products and large scale regions to be developed which has to have inherent quality of having a good financial ecosystem, legal ecosystem, administrative ecosystem and the ecology of real estate has to function under the regulatory environment. But the regulatory environment should not be restrictive and instead focused to give impetus to the industry.