India, Feb. 16 -- The country's real estate regulatory architecture must shift towards artificial intelligence-led insights and machine-to-machine digital integration, even as the country prepares for an urban expansion with the population expected to touch 80 crore by 2050, Kuldip Narayan, Joint Secretary, MoHUA, said at the recently concluded National Urban and Real Estate Development Conclave organised by Naredco.
Referring to the Real Estate Regulation and Development Act, he said the law marked a historic reform by institutionalising registration, escrow safeguards, and grievance redressal, but now requires further digitalisation.
The strength of the regulation lies in the trust it commands among stakeholders. Information about any...
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