Real estate can only be revived by section 25 of the Indian Companies Act,1956:

Bangalore: Building law abiding apartments and sanctions by the authorities is passé. The customers expected such terms and conditions by the seller in the agreement for years. But now things have changed and according to most, for the better. Now, it is the time when the customers not only look for such terms in the contract but they also expect transparency in the project by the developer. It is the time when the customers are well aware of their rights conferred upon them by the law. But unfortunately the sellers are not in a position to offer much transparency in the deals.
The model which is currently prevailing in the real estate market of India is that sellers or the real estate developers collect money from the buyers in form of down payments from banks or other financial institutions against loans. This way the developer collects loads of public funds and also the monthly installments paid by the buyer even before the first brick is laid on the so called “project”. This way the real estate agents make good money for new luxury cars, swanky mobile phones and fully paid luxury holidays. Things like large sized sample flat or badly drafted agreements are the things which would directly go against such real estate agents. Now is the time when the country needs an authority or a law to govern such development in the real estate sector and punish the culprits. Now is the time when we need a holistic real estate development rather than a different formula of each real estate agent.