The matters related to the administration of the RERA for regulation of the real estate sector and to protect the interest of consumers will be dealt by the Housing and Urban Affairs Ministry, an official order said.
The central government has amended the Government of India (Allocation of Business) Rules 1961, in this regard.
The work of the Real Estate (Regulation and Development) Act, 2016, which mandates the establishment of the Real Estate Regulatory Authority (RERA), will be looked after by the Urban Affairs Ministry, the order issued by the Cabinet Secretariat said.
The RERA is for regulation and promotion of the real estate sector and to ensure sale of plot, apartment or building in an efficient and transparent manner and to protect the interest of consumers in the real estate sector.
The law also has provisions for the establishment of an adjudicating mechanism for speedy dispute redressal related to the real estate sector.
The administration of the Street Vendors (Protection of Livelihood and Regulation of Street Vending) Act, 2014, will also be done by the same ministry.
The Act is to protect the rights of urban street vendors and to regulate street vending activities.
Source: Money Control