Maharashtra Boosts MahaRERA Dispute Resolution Forums to 52

Maharashtra has increased the number of Conciliation and Dispute Resolution Forums (CDRF) under MahaRERA from 15 to 52 to expedite dispute resolution, resolving 1,749 cases since 2018.

MahareraDispute ResolutionHome BuyersReal EstateMaharashtraReal Estate MaharashtraOct 21, 2024

Maharashtra Boosts MahaRERA Dispute Resolution Forums to 52
Real Estate Maharashtra:MUMBAI The Maharashtra Real Estate Regulatory Authority (MahaRERA) has significantly boosted its Conciliation and Dispute Resolution Forum (CDRF) to 52, up from 15, in order to expedite the resolution of disputes between home buyers and developers. The CDRF is the primary platform for aggrieved home buyers to seek quick and amicable resolutions.

Since its inception in January 2018, the CDRF has received a total of 5,958 cases, of which 1,749 have been successfully resolved. These cases predominantly involve complaints from homebuyers. The increase in the number of forums has been strategically spread across various regions of the state, including Nashik, Nagpur, Thane, Kalyan, Navi Mumbai, Palghar, Raigad, Vasai, and Mira Road. As of now, there are 52 forums operational across the state.

The CDRF's effectiveness is underscored by its time-bound disposal of cases, which typically take no more than 60 days, and up to 90 days in exceptional circumstances. This is a significant improvement over traditional legal routes, which can take months or even years to reach a resolution.

Manoj Saunik, the chairman of MahaRERA, explained, 'At the first stage of the case, home buyers are provided the option to opt for resolution through the Conciliation Forum. This option is only adopted if both parties are willing to proceed. In case of a deadlock, the complainant has the option to reapproach MahaRERA, ensuring that the rights and merits of the cases remain intact.'

The forums are designed to be independent and impartial, with no MahaRERA officials participating directly. Representatives from consumer bodies, self-regulatory organizations of developers, and the complainants themselves form the core of the CDRF. Currently, there are six self-regulatory organizations of developers, with three actively involved in this initiative. Efforts are ongoing to bring the remaining three on board. The hearings are conducted virtually, making the process more accessible and efficient.

The success of the MahaRERA CDRF model has led to its replication in other states, including Gujarat, Uttar Pradesh, Haryana, Bihar, Madhya Pradesh, Rajasthan, and Telangana. This widespread adoption underscores the effectiveness and fairness of the system in resolving real estate disputes quickly and amicably.

Frequently Asked Questions

What is the Conciliation and Dispute Resolution Forum (CDRF)?

The CDRF is a platform under MahaRERA that helps resolve disputes between home buyers and developers in a quick and amicable manner.

How many CDRF forums are now operational in Maharashtra?

There are now 52 CDRF forums operational across Maharashtra, up from 15 previously.

What is the time frame for resolving cases through CDRF?

Cases are typically resolved within 60 days, and up to 90 days in exceptional circumstances.

How many cases have been resolved by CDRF since its inception in 2018?

Since January 2018, 1,749 cases have been resolved by the CDRF.

Are MahaRERA officials involved in the CDRF process?

No, MahaRERA officials do not participate directly in the CDRF process. It is managed by representatives from consumer bodies, self-regulatory organizations of developers, and the complainants themselves.

Related News Articles

Bengaluru's Phase 3 Metro Line: A Game-Changer for South Bengaluru's Real Estate Market?
real estate news

Bengaluru's Phase 3 Metro Line: A Game-Changer for South Bengaluru's Real Estate Market?

The upcoming Phase 3 metro line in Bengaluru is expected to boost real estate prices in the southern parts of the city by at least 10-20 percent. Here's what you need to know.

September 5, 2024
Read Article
Mumbai and Delhi Emerge as Leading Luxury Real Estate Markets in Asia-Pacific
Real Estate

Mumbai and Delhi Emerge as Leading Luxury Real Estate Markets in Asia-Pacific

India's real estate sector is witnessing a significant boom, driven by robust economic growth, infrastructure improvements, and changing lifestyle trends. Mumbai and Delhi, in particular, are ranking among the fastest-growing luxury real estate markets in

November 22, 2024
Read Article
PLI Incentives, Infrastructure, and Premium Consumption Drive India's Economic Growth
Real Estate Pune

PLI Incentives, Infrastructure, and Premium Consumption Drive India's Economic Growth

Pune currently ranks 4th nationwide in its contribution to India's total AUM, accounting for 4.12% of the country’s ₹68 lakh crore asset base. A rising demand for premium goods in sectors such as real estate, automotive, and jewellery is further fueling I

November 25, 2024
Read Article
India's Data Centre Market Sees Massive USD 60 Billion Investment Between 2019-2024
Real Estate Maharashtra

India's Data Centre Market Sees Massive USD 60 Billion Investment Between 2019-2024

The Indian data center market has been a hotbed of activity, attracting over USD 60 billion in investment commitments from domestic and international investors between 2019 and 2024.

December 12, 2024
Read Article
AHS Properties Dominates Dubai's Luxury Real Estate Market in 2024
real estate news

AHS Properties Dominates Dubai's Luxury Real Estate Market in 2024

The Property Monitor has reported that AHS Properties has emerged as a leading player in Dubai's luxury real estate market, spearheading sales and setting new benchmarks.

February 3, 2025
Read Article
Why Indian Investors are Rushing to Buy Properties in Pattaya, Thailand
Real Estate Mumbai

Why Indian Investors are Rushing to Buy Properties in Pattaya, Thailand

Pattaya's property market is attracting a growing number of Indian investors due to its affordability and lucrative returns compared to major Indian cities like Mumbai, Delhi, and Bangalore.

February 24, 2025
Read Article