Will new bill change fortunes of real estate?

Finally, the Real Estate (Regulation and Development) Bill has been cleared by the Rajya Sabha. It will become an Act once the President of India ratifies it, which is expected to be a formality. The Act will lead to the creation of real estate regulators to protect the interest of buyers. The uniform regulatory environment will also ensure a level playing field for developers. But what is in store for investors in real estate stocks? The listed real estate universe space has over 30 stocks with investor wealth of over ₹62,000 crore stored in them. Real estate stocks have been a terrible keeper of wealth. Sector giant DLF has dropped over 25% in a year; Oberoi Realty is down 15%; Prestige Estate has declined nearly 45%; HDIL is down close to 40%; Indiabulls Real E