The past two years have been landmark years for India’s real estate landscape; ranging from the formation of a strong regulator on one side to easing of foreign investor norms on the other. The years have also witnessed a major thrust on affordable housing and a strong revision to the Real Estate Investment Trust (REIT) guidelines. The passage of the Real Estate Regulation Act (RERA) was the most significant reform that the real estate sector has seen in recent times. Meeting the long-standing demand of the industry, the implementation of RERA finally took place in 2017. While many states took time to finalize their guidelines, the establishment of a regulatory authority is finally improving both consumer and investor sentiment across India’s housing market.