What is the role of the state government in implementing the RERA Act?
Curious about RERA Act
The state government plays a crucial role in implementing the Real Estate (Regulation and Development) Act (RERA) within its jurisdiction. Here are some key responsibilities and roles of the state government in the implementation of RERA:
1. Formation of State Real Estate Regulatory Authority (RERA): The state government is responsible for establishing the State Real Estate Regulatory Authority, which acts as the regulatory body for the real estate sector in the respective state. The authority is entrusted with the task of implementing and enforcing the provisions of RERA at the state level.
2. Appointment of Regulatory Authority Members: The state government appoints the members of the State Real Estate Regulatory Authority, including the Chairperson and other members. These individuals are responsible for overseeing the registration of real estate projects, addressing grievances, and ensuring compliance with RERA provisions.
3. Notification of RERA Rules: The state government is responsible for notifying the specific rules and regulations for the implementation of RERA within the state. These rules may include provisions related to project registration, disclosure of information, filing of complaints, dispute resolution, and other operational aspects.
4. Registration of Real Estate Projects: The state government oversees the registration process of real estate projects as mandated by RERA. Developers are required to register their projects with the respective state's RERA authority before advertising, marketing, or selling the units. The state government ensures the smooth functioning of the registration process and verifies the details provided by developers.
5. Monitoring and Enforcement: The state government monitors the activities of developers and real estate agents to ensure compliance with RERA provisions. This includes conducting audits, inspections, and taking necessary actions against noncompliant developers or agents. The government may impose penalties or initiate legal proceedings in case of violations.
6. Appellate Tribunal: The state government establishes the Real Estate Appellate Tribunal, which serves as the appellate authority for addressing appeals against the decisions of the Regulatory Authority. The government appoints the members of the Tribunal and provides the necessary administrative support for its functioning.
7. Public Awareness and Education: The state government plays a crucial role in creating awareness about RERA among stakeholders, including home buyers, developers, and real estate agents. It conducts awareness campaigns, disseminates information about RERA provisions, and educates the public about their rights and responsibilities under the Act.
The state government's active involvement and effective implementation of RERA are essential for the successful regulation and development of the real estate sector within their jurisdiction. It ensures transparency, accountability, and consumer protection in the real estate market, thereby promoting a healthy and regulated environment for both developers and home buyers.