The Maharashtra Real Estate Regulatory Authority (MahaRERA) has created a forum of 33 conciliators to set up 15 groups containing two individuals each, one from realty developers’ industry body and another from buyer forum, representative of homebuyers.
ET had revealed that 10 conciliation teams of these will deal with issues related with homebuyers from the Mumbai Metropolitan Region (MMR) while the rest five would be for the Pune real estate market.
The forum incorporates 18 developers who are members of Confederation of Real Estate Developers Association of India (CREDAI) and National Real Estate Development Council (NAREDCO). MahaRERA has named 15 delegates of Mumbai Grahak Panchayat and Grahak Panchayat Pune to showcase homebuyers’ advantage.
Notwithstanding 15 teams with two individuals each, the controller has likewise delegated three additional conciliators who can be a part of the team in case any shortfall due to any reason arises.
The respresentatives of builder incorporate Niranjan Hiranandani, Pravin Doshi, Paras Gundecha, Rajesh Prajapati, Vijay Wadhwa , Mukesh Mehta, and Rajan Bandelkar. Interestingly, it has additionally named builder members, for example, Ashok Mohanani of Ekta World against whom the regulator has delivered a decision.
MahaRERA chairperson Gautam Chatterjee had said that they are establishing conciliation teams for Pune and MMR since maximum number of the complaints are for projects in these markets. And if situation arises, they can set up separate teams for other key cities later on.
These teams have been shaped in the backdrop of MahaRERA receiving numerous complaints. This body can be approached by homebuyers and manufacturers for achieving a consensus, along these lines leaving just those issues that can’t be settled for MahaRERA’s mediation.
Members of realty developers’ associations, including pan-India bodies such as National Real Estate Development Council (NAREDCO) and the Confederation of Real Estate Developers Association of India (CREDAI), apart from state level body the Maharashtra Chamber of Housing Industry (MCHI) will be part of these benches. The bench will have members from
Individuals from realty developers’ affiliations, including pan- India bodies, for example, National Real Estate Development Council (NAREDCO) and the Confederation of Real Estate Developers Association of India (CREDAI), aside from state level body the Maharashtra Chamber of Housing Industry (MCHI) will be a part of these benches. The bench will have individuals from voluntary consumer organization Mumbai Grahak Panchayat to represent homebuyers.
Under this instrument, homebuyers’ protestations against developers can be settled through an agreement. In the event that there’s no accord, the homebuyer will have the choice to hold up a formal complaint against the developer in MahaRERA.
Note – Please note that the above article is for education purpose only. This is based on our interpretation of laws which may differ person to person. Readers are expected to verify the facts and laws.
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