Give Direction of Real Estate Bill Real-estate is among the best deals NRIs can vouch for in India. With the recent changes in this sector, it is an NRI investor's paradise. Still, a few drawbacks dampen the shine of real-estate in India. A few problems include - inferior quality of construction, developers not keeping their word, postponement of projects and demand for higher cash by developers. Such demerits tarnish India's reputation in real-estate image. So, both central and state governments are rooting for Real Estate Bill in the forthcoming Budget. This Bill is deemed 'pro-consumer' and is being awaited. A few highlights of this bill are - each state will have a Real Estate Regulatory Authority, with a fixed set of duties and responsibilities to aid planned growth of real-estate; developers will have to compulsorily register with Real Estate Regulatory Authority at all times they wish to sell immovable property; a bank account will have to be mandatorily opened to deposit a portion of money taken from the NRI and used solely for developing the concerned property and promoters and developers must stick to all specifications of the deal and repay the entire amount in case of default. These changes, if implemented, will act as a boon to all NRIs investing in Indian real-estate.