Comments on: Real estate regulator in India – A perspective http://ramesh-menon.com/2009/08/real-estate-regulator-in-india-a-perspective/ If you burn your finger in a pot of boiling water, should you blame the water, the pot, the fire or yourself? Wed, 14 Jul 2010 17:39:53 +0000 hourly 1 http://wordpress.org/?v=3.0 By: sumit singh http://ramesh-menon.com/2009/08/real-estate-regulator-in-india-a-perspective/comment-page-1/#comment-96 sumit singh Thu, 10 Sep 2009 16:02:00 +0000 http://ramesh-menon.com/?p=161#comment-96 I am sure our politicians will kill this idea. if there is a regulator, how will they make money.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('96','sumit singh'); return false;">Reply</a> </div> I am sure our politicians will kill this idea. if there is a regulator, how will they make money.
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]]> By: Ajay Dabas http://ramesh-menon.com/2009/08/real-estate-regulator-in-india-a-perspective/comment-page-1/#comment-95 Ajay Dabas Mon, 10 Aug 2009 14:01:24 +0000 http://ramesh-menon.com/?p=161#comment-95 Ramesh-valid thoughts, but the same industry wallahs are not clear on what they want. In 2007, a CII seminar drew the inference that there is no need of a regulator. Times were different. Today, ASSOCHAM says that there needs to be a regulator who can protect the interest of the buyers. They even advocate Escrow accounts etc. What has changed now? Time has, esp. for the builders who want to make the correct noises to draw the empathy of the government. It is clearly evident that even if the regulator is set up, it wont be allowed to work the way it is supposed to.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('95','Ajay Dabas'); return false;">Reply</a> </div> Ramesh-valid thoughts, but the same industry wallahs are not clear on what they want. In 2007, a CII seminar drew the inference that there is no need of a regulator. Times were different.
Today, ASSOCHAM says that there needs to be a regulator who can protect the interest of the buyers. They even advocate Escrow accounts etc.

What has changed now? Time has, esp. for the builders who want to make the correct noises to draw the empathy of the government.
It is clearly evident that even if the regulator is set up, it wont be allowed to work the way it is supposed to.

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