The Real Estate Regulation and Development Bill that intends to be the onlooker, caretaker and assurer of the sale of properties, efficiency and transparency of the realty transactions and regulations and consumer support is expected to be passed in the coming budget session.The current Housing and Poverty Alleviation Minister of India, Ajay Maken said that the discussion between the ministers in still going on, documents are yet on the table of consultation and only after this is over, cabinet clearance will proceed.The bill will make definite and effective rules for the registration of projects and transfer of properties. Also a Real Estate Regulatory Authority in every state (excluding J&K) will be developed that will exercise the powers of the bill and a Real Estate Appellate Tribunal to adjudicate any dispute will be erected.Coming to the provision of affordable housing for lower income group (LIG) and poor, the ministry is in talk to increase the ECB (External commercial borrowing). ECB is a method of boosting the Indian revenue by foreign sources. It includes commercial bank loans, credits from buyers and suppliers etc.Now raising the amount of $1 billion is permitted by RBI through the external commercial borrowing and increasing the limits is on the table. The increment will definitely be a sign of improvement in the stature of affordable housing.The real estate regulation bill, however defamed by CREDAI saying that it may increase corruption. But that is the situation of every corner of the country. What we can expect is enrichment of the flow in regulating real estate business.