On implementation of RERA, Shishir Baijal, Chairman & Managing Director, Knight Frank India has said, “The unorganised world of broking in India would see a new paradigm with the implementation of the Real Estate (Regulation and Development) Act 2016. From being merely a facilitator between buyers and sellers, brokers will now have to adopt a bigger advisory role attached with responsibility for projects and disclosures. The survival of broking firms will depend on how they inculcate a corporate culture in dealing with both the stakeholders. It is good that brokers have been brought within the ambit of RERA and any deviation would invite penal actions. Although there would be teething problems the move will see the emergence of a new consolidated broking fraternity.”