Central Advisory Council under RERA
Central Advisory Council under RERA
What is the Central Advisory Council?
The Central Advisory Council is a statutory body constituted under the Real Estate (Regulation and Development) Act, 2016 (RERA) to advise the Central Government on matters related to the implementation and administration of the Act.
It serves as an advisory body that helps in coordinating, monitoring, and guiding policies related to real estate regulation across India.
Legal Provision:
The establishment of the Central Advisory Council is mandated by Section 19 of the RERA Act, 2016.
It acts as a platform for consultation and coordination among states and the central government.
Composition of the Central Advisory Council:
The Council consists of:
Chairperson:
The Union Minister of Housing and Urban Affairs (or an appointed official) usually chairs the council.
Members:
Representatives from the Central Government.
Representatives from the State Governments or Union Territories.
Representatives from the Real Estate Industry.
Representatives of homebuyers or consumer groups.
Experts in real estate, finance, law, and urban development.
Secretary:
An appointed official acts as the secretary to the council.
Functions and Role of the Central Advisory Council:
| Function | Description |
|---|---|
| Advisory Role | Advises the Central Government on issues related to the implementation of RERA and real estate sector reforms. |
| Policy Coordination | Coordinates policies and promotes uniformity in regulations across states and Union Territories. |
| Monitoring Implementation | Monitors the effectiveness and progress of RERA implementation nationwide. |
| Suggesting Amendments | Recommends changes or improvements to the Act or rules based on practical challenges and evolving market needs. |
| Addressing Stakeholder Concerns | Provides a platform for various stakeholders like builders, buyers, and regulators to voice concerns and suggestions. |
| Promoting Awareness | Helps in spreading awareness about RERA’s provisions among public and industry participants. |
Importance of the Central Advisory Council:
Ensures harmonized implementation of RERA across diverse states.
Provides a forum for dialogue among government, industry, and consumers.
Helps in evolving policies that respond to market realities and consumer protection needs.
Bridges gaps between state-level authorities and the central government.
Summary Table: Central Advisory Council under RERA
| Aspect | Details |
|---|---|
| Established under | Section 19 of RERA Act, 2016 |
| Type | Advisory Body |
| Chairperson | Union Minister of Housing and Urban Affairs (usually) |
| Members | Government officials, industry representatives, consumer reps, experts |
| Main Role | Advise central government on RERA matters |
| Functions | Policy coordination, implementation monitoring, stakeholder consultation |
| Significance | Ensures uniform RERA implementation and addresses sector challenges |
🔚 Conclusion:
The Central Advisory Council under RERA plays a crucial role in ensuring that the real estate regulatory framework functions smoothly and consistently across India. By bringing together diverse stakeholders, it helps shape policies that protect buyers and promote a healthy real estate sector.
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