Indian housing market has historically been lopsided against the property buyers. In the lack of appropriate regulatory framework, developers undertake unfair market practices and benefit at the cost of property buyers. On the other hand, property buyers suffer from inadequate consumer rights and lengthy redressal mechanisms. The paper details out the issues faced by property buyers in Indian Housing Market and various redressal mechanisms available to them. The paper also discusses the two proposed acts by GOI that intends to improve transparency and adoption of best market practices in the sector, namely Real Estate Regulation and Development Act 2009 and Model Land Titling Act 2010. If implemented effectively, these two acts have the potential to significantly improve the organisational efficiency of the sector and ensure a balanced participation of the property buyers in the housing market.