There is one dream that binds every Indian – the desire to own a house. However, this dream has turned into a nightmare for many because of the several lacunae in the system when it comes to dealing with real estate, which until recently was not even a regulated entity. That thankfully was taken up by the government by passing the Real Estate (Regulation and Development) Act (RERA), 2016, which will be implemented from May 1, 2017. Several state governments are working towards putting rules and regulations specific to their states.