Real Estate Industry

RERA’s administration under Urban Affairs Ministry’s domain


Note4students

Mains Paper 2: Polity | Structure, organization & functioning of the Executive & the Judiciary

From UPSC perspective, the following things are important:

Prelims level: RERA, Government of India (Allocation of Business) Rules 1961, Real Estate (Regulation and Development) Act, 2016, Street Vendors Act, 2014, Government e-Marketplace

Mains level: Changes being brought in by government to ease governance processes


Authority defined

  1. 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
  2. The central government has amended the Government of India (Allocation of Business) Rules 1961, in this regard

Real Estate (Regulation and Development) Act, 2016

  1. It mandates the establishment of the Real Estate Regulatory Authority (RERA)
  2. The RERA is for regulation and promotion of the real estate sector
  3. It will ensure sale of plot, apartment or building in an efficient and transparent manner and protect the interest of consumers in the real estate sector
  4. The law also has provisions for the establishment of an adjudicating mechanism for speedy dispute redressal related to the real estate sector

Other responsibilities given to ministry

  1. The administration of the Street Vendors (Protection of Livelihood and Regulation of Street Vending) Act, 2014, will also be done by the same ministry
  2. The Act is to protect the rights of urban street vendors and to regulate street vending activities

Government e-marketplace

  1. The development, operation and maintenance of the National Public Procurement Portal Government e-Marketplace has been brought under the commerce ministry
  2. The government had last year launched an e-market platform for public procurement of goods and services
  3. The online platform followed the Centre’s decision to close the Directorate General of Supplies and Disposals (DGS&D), the procurement arm of the Centre

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