REAL ESTATE AS N INDUSTRY

THE REAL ESTATE SECTOR IN INDIA IS UNORGANISED AND VULNERABLE TO EXPLOITATION AND MANIPULATION AS REGARDS TO ITS PROCEDURES AND LEGAL IMPLICATIONS. IT IS ESSENTIAL THAT IT BECOMES AN ORGANISED AND RECOGNISED SECTOR AND HAVE A SEPARATE MINISTRY TO MONITOR, GUARD, IMPLEMENT AND ACCORD ORGANISED REMUNERATIONS LIKE ANY OTHER SECTOR IN THE COUNTRY. LIKE AN OIL INDUSTRY LET THE REAL ESTATE BUILDERS AND DEVELOPERS APPOINT RETAIL NETWORK ON ALL INDIA BASIS UNDER THE SEPARATE MINISTRY; WHICH WILL FORMULATE POLICIES AND STRATEGIES FOR MARKETING OF THE PROPERTIES IN AN ORGANISED AND UNIFORMED MANNER GIVING WAY TO GENERATING REVENUE NOT ONLY TO THE GOVERNMENT BUT ALSO TO BUILDERS, DEVELOPERS,LAND OWNERS AND NETWORK MARKETING THESE PROPERTIES ON BEHALF OF THE LATER. IN THIS CASE THE REAL ESTATE MANDATES OR AGENTS, OR BROKERS OR CONSULTANTS WHO AT THE PRESENT STATE ARE VERY VERY VULNERABLE OF EXPLOITATION IN FORM OF COMMISSION DEPRIVED TO THEM OR PARTIALLY PAID EITHER BY THE CUSTOMER OR THE BUILDER. SINCE THIS IS NOT AN ORGANISED AND RECOGNISED SECTOR THE BUCK IS EITHER PASSED ON TO THE BUILDER OR DEVELOPER OR THE CUSTOMER FOR NON PAYMENT OF COMMISSION LEAVING THE REALTOR AT LURCH. IT HAS TO BE UNDERSTOOD THERE IS LOT OF EXPENSES, LEG WORK, TOILING INVOLVED IN SHOWING,SELECTING ,GATHERING INPUTS ETC. THE PROPERTIES WHICH IS VERY BRUTALLY OVERLOOKED OR FORSEEN BY THE CUSTOMERS AS A VERY COMFORTABLE EASY FEAT TO GRAB THE COMMISSION. THIS MOVE SHALL STREAMLINE NOT ONLY REVENUE GENERATION FOR THE STATE, COUNTRY BUT OFFER LOT OF EMPLOYMENT SPECIALLY FOR SENIOR CITIZENS, AND WOMEN.