Transparency is the key to take Indian real estate to the next level. This underlines a need for a federal regulator which will enable to bring best practices with a promise to be clued on to innovation. Indian property market has come of age and fast attracting interests of global realty players and investors from all over the world. The contribution of these big companies and their bullishness to set a substantial presence has given a major boost to growth of the sector. The competition among real estate companies is becoming fiercer day by day. Each of them is trying to be ahead of the race with their development projects.

This at times may baffle the common consumer regarding where to invest. However, the situation is no less perplexed for the developer himself who finds it a little hard to narrow down on the prospective place for construction or the kind of strategy to follow to stay ahead of competitors. This encourages them to seek the expertise of real estate consultancy firms. There are several international as well as domestic real estate consultancy firms which offer local knowledge and expertise, along with providing best practices to cater to demanding requirements of national companies. Their main function is to help them in drafting their local strategies and business plans with respect to the market.