Abstract
Real Estate Exchange as to widen the scope of market, facilitate easy trading to avoid wide fluctuations in the market. The exchange would also enable price discovery through efficient allocation and distribution of resources. Real Estate exchange is the need of the hour. It would widen the scope of market, introduce greater liquidity, lead to price discovery, efficient allocation and distribution of resources while integrating the real sector with the economic growth and development. We propose an equity and debt participatory note instrument to be devised to distribute the legal and economic right over the real estate. An entire system of institutions and departments is further proposed in the article to enable the real estate exchange to operate and function. Digitalization of land records along with real time transaction recording is also proposed as one of the requisites for setting up an exchange. The exchange proposed aims to achieve allocation, distribution and information efficiency.
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