Why is it in news?
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Several Real Estate Regulatory Authorities (RERAs) are pushing for more enforcement power.
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Similar to what is enjoyed by consumer forums, including the authority to issue arrest warrants.
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The Consumer Protection Act, 1986, :
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Allows consumer forums to assume the powers of a first class judicial magistrate for the trial of offences under the Act (Section 27.2).
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What RERA Wants?
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RERAs are asking that the RERA Act be amended to give them similar powers.
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Currently, real estate regulators must depend on outside magistrates to implement their orders.
What is RERA?
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RERA, 2016 is a central legislation which aims to regulate the real estate sector. It seeks to empower and protect property consumers and make transactions fair and transparent.
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The RERA Act was enacted under Entry 6 and 7 (dealing with contracts and the transfer of property) of the Concurrent List of the Constitution of India
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Enacted in enacted March 2016, RERA came into effect from May 2017
Source
The HIndu