The draft regulatory Bill on real estate industry? Real Estate Regulatory Bill?in the present form will be detrimental to the end consumers as well as the growth of the industry and will serve no purpose, feels Kumar Gera, chairman, Confederation of Real Estate Developers? Association of India (Credai). ?The Bill, if put in place, will only see prices skyrocketing, delay in time taken for approval. Owning of a house will become more expensive for the common public, said Gera.