Who is responsible for enforcing the RERA Act?
Curious about RERA Act
The enforcement of the Real Estate (Regulation and Development) Act, commonly known as RERA, is the responsibility of the respective state's Real Estate Regulatory Authority (RERA). Each state and union territory in India has its own RERA established under the provisions of the Act.
The key responsibilities of the RERA include:
1. Registration of Real Estate Projects: RERA is responsible for the registration of real estate projects before they can be advertised, marketed, or sold to the public. Developers are required to submit all relevant documents and information regarding the project to the RERA for verification and approval.
2. Compliance Monitoring: RERA monitors and ensures compliance with the provisions of the Act by developers, promoters, and other stakeholders involved in real estate projects. This includes adherence to the project timeline, quality standards, use of funds, and other regulatory requirements.
3. Promoting Transparency: RERA promotes transparency in the real estate sector by mandating developers to provide comprehensive information about their projects, such as project details, approvals, layout plans, carpet area, timeline for completion, and other relevant information. RERA ensures that this information is made available to the public and prospective buyers.
4. Dispute Resolution: RERA establishes a mechanism for the resolution of disputes between homebuyers and developers. It sets up the Real Estate Regulatory Authority and the Real Estate Appellate Tribunal at the state level to address grievances and resolve disputes in a fair and timely manner.
5. Implementation of Penalties: RERA has the authority to impose penalties and take appropriate actions against developers who fail to comply with the provisions of the Act. These penalties may include fines, imprisonment, cancellation of project registration, or any other measures deemed necessary.
6. Promoting Consumer Awareness: RERA plays an active role in creating awareness among consumers about their rights and the provisions of the Act. It educates the public about the benefits of investing in RERAapproved projects and provides information on how to file complaints and seek redressal.
It is important to note that while the overall enforcement of RERA is the responsibility of the state's RERA, the Central Advisory Council and the Central Government also play supervisory roles in ensuring the effective implementation of the Act across the country.
Homebuyers and stakeholders involved in real estate transactions can approach the respective state's RERA for registration of complaints, seeking information, or addressing any issues related to the Act. The contact details and procedures for approaching the RERA can be obtained from the official website of the respective state's RERA authority.