(1) The appropriate Government may, while formulating a policy on real estate sector (including review of laws related to real estate sector) or any other matter, make a reference to the Authority for its opinion on possible effect, of such policy or law on real estate sector and on the receipt of such a reference, the Authority shall within a period of sixty days of making such reference, give its opinion to the appropriate Government which may thereafter take further action as it deems fit.
(2) The opinion given by the Authority under sub-section (1) shall not be binding upon the appropriate Government in formulating such policy or laws.
(3) The Authority shall take suitable measures for the promotion of advocacy, creating awareness and imparting training about laws relating to real estate sector and policies.
Legal Commentary & Landmark Judgments: Section 33
Section 33 empowers the Appropriate Government to make statutory reference to the Regulatory Authority for opinion on major real estate policy, competition, and consumer impact issues.
Industry associations and homebuyer federations can petition the State Housing Department to make formal Section 33 references when controversial local development bylaws are proposed.