MahaRERA Conciliation Forums Resolve 1,749 Homebuyer-Developer Disputes
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has successfully resolved 1,749 disputes between homebuyers and real estate developers through its conciliation forums. These forums, established in 2018, have significantly improved the resoluti
MahareraConciliation ForumsReal Estate DisputesHomebuyersProperty DevelopersReal Estate MaharashtraOct 21, 2024
The decisions made by these forums are upheld by MahaRERA, which has contributed to their rising popularity. Currently, 533 grievances are being heard at the 52 conciliation forums across Maharashtra. Out of the total 5,958 cases filed so far, 1,749 have been resolved through amicable settlements, benefiting 32.36% of property purchasers.
Initially, the MahaRERA conciliation forums operated only in Mumbai and Pune. However, due to their popularity, their presence has been expanded across the state. The forum in Mumbai has successfully resolved 562 complaints, while the forum in Pune has redressed 530 grievances. Other notable forums include Thane with 201 resolved complaints, Navi Mumbai with 169, and Palghar with 105.
What is a Conciliation Forum?
Conciliation forums are established under Section 32 (g) of the Real Estate (Regulation and Development) Act, 2016. These forums aim to facilitate the amicable resolution of disputes between developers and homebuyers through dispute settlement mechanisms set up by consumer or promoter associations. The forums consist of representatives from Mumbai Grahak Panchayat and promoter associations.
In March 2024, former MahaRERA chairman Ajoy Mehta highlighted the success rate of these forums, which stands at around 35% to 50%. He noted that the process is much faster and more efficient, with fewer appeals or additional legal actions.
Frequently Asked Questions
What is MahaRERA?
MahaRERA stands for the Maharashtra Real Estate Regulatory Authority. It is a regulatory body set up under the Real Estate (Regulation and Development) Act, 2016, to oversee and regulate the real estate sector in Maharashtra.
What is the purpose of conciliation forums?
The purpose of conciliation forums is to facilitate amicable settlements between homebuyers and real estate developers by providing a platform for dispute resolution. These forums are set up by consumer or promoter associations and are upheld by MahaRERA.
How many disputes have been resolved by MahaRERA's conciliation forums?
As of the latest update, MahaRERA's conciliation forums have resolved 1,749 complaints between homebuyers and real estate developers.
What is the success rate of the conciliation forums?
The success rate of MahaRERA's conciliation forums is around 35% to 50%, according to former MahaRERA chairman Ajoy Mehta. This rate indicates the effectiveness of these forums in resolving disputes amicably.
Are conciliation forums present in other states as well?
Yes, conciliation forums have been established in several other states, including Gujarat, Uttar Pradesh, Haryana, Bihar, Madhya Pradesh, Rajasthan, and Telangana, inspired by the success of MahaRERA's initiative.
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