What are the Functions of Authority for promotion of real estate sector under section 32 of The Real Estate (Regulation and Development Act, 2016). Functions of Authority for promotion of real estate sector is defined under Section 32 of the Act. Provisions under Section 32 are:
The Authority shall in order to facilitate the growth and promotion of a healthy, transparent, efficient and competitive real estate sector make recommendations to the appropriate Government of the competent authority, as the case may be, on,-
(a) protection of interest of the allottees, promoter and real estate agent;
(b) creation of a single window system for ensuring time bound project approvals and clearances for timely completion of the project;
(c) creation of a transparent and robust grievance redressal mechanism against acts of ommission and commission of competent authorities and their officials;
(d) measures to encourage investment in the real estate sector including measures to increase financial assistance to affordable housing segment;
(e) measures to encourage construction of environmentally sustainable and affordable housing, promoting standardization and use of appropriate construction materials, fixtures, fittings and construction techniques;
(f) measures to encourage grading of projects on various parameters of development including grading of promoters;
(g) measures to facilitate amicable conciliation of disputes between the promoters and the allottees through dispute settlement forums set up by the consumer or promoter associations;
(h) measures to facilitate digitization of land records and system towards conclusive property titles with title guarantee;
(i) to render advice to the appropriate Government in matters relating to the development of real estate sector;
(j) any other issue that the Authority may think necessary for the promotion of the real estate sector.
The Real Estate (Regulation and Development) Act, 2016
Section 21 : Composition of Authority
Section 22: Qualifications of Chairperson and Members of Authority
Section 23 : Terms of office of Chairperson and Members
Section 24: Salary and Allowances payable to Chairperson and Members
Section 25 : Administrative powers of Chairperson
Section 26 : Removal of Chairperson and Members from office in certain circumstances
Section 27 : Restrictions on Chairperson or Members on employment after cessation of office
Section 28 : Officers and other employees of Authority
Section 29 : Meetings of Authority
Section 30 : Vacancies, etc., not to invalidate proceeding of Authority
Section 31 : Filing of complaints with the Authority or the adjudicating officer
Section 32 : Functions of Authority for promotion of real estate sector
Section 33 : Advocacy and awareness measures
Section 34 : Functions of Authority
Section 35 : Powers of Authority to call for information conduct investigations
Section 36 : Power to issue interim orders
Section 37 : Powers of Authority to issue directions
Section 38 : Powers of Authority
Section 39 : Rectification of orders
Section 40 : Recovery of interest or penalty or compensation and enforcement of order, etc