| Everybody needs Shelter and/or House. Bread (Roti), Cloth (Kapda) and Shelter/House (Makaan) are the natural and very basic needs of every human being. Real Estate sector and/or Construction Industry represent this third basic need. The real estate sector in India especially in Mumbai has assumed growing importance with the liberalization of the economy. Mumbai is the capital city of Maharashtra and also an economic capital of India. Indian Real estate sector is one of the most thriving industries of the present times. And if industry experts are to be believed, the prospects of Indian property market is going to attract all major investors to this vast land of opportunities in coming years thereby giving a boost to already raising foreign direct investment. sector - the second largest employer after agriculture in India. Various laws are involved in the real estate transaction. Various laws are applicable to the real estate sector but Author has considered Central Laws and State laws which play key role in the real estate sector. The Real estate involves the purchase, sale, and development of land, residential and non-residential buildings. Laws applicable to Real Estate Business can be divided in five groups: Land Related Laws, Environment Laws, Construction Laws, Registration Laws, and Labor Laws. |