Real estate sector has been one of the major sectors in the Indian economy. The pre-recession experienced in 2008 had far reaching impact globally. India was substantially able to withstand even during the sub-prime crisis. The recovery post-recession is very encouraging for the growth in the economy. The Government of India reforms through the demonetization, GST, RERA and the like have brought about reforms in the sector to lure the investors across various income categories. The present study is a conceptual study in bringing about theoretical framework and the reforms introduced in the real estate sector.