MahaRERA Conciliation Forums Settle 30% of Homebuyer Complaints in Maharashtra
Mumbai: The Maharashtra Real Estate Regulatory Authority (MahaRERA) Conciliation Forums across the state have settled a significant 30% of homebuyer grievances, addressing a total of 1,749 out of 5,958 cases.
MahareraReal EstateHomebuyer GrievancesConciliation ForumsMaharashtraReal Estate MumbaiOct 21, 2024
Currently, the 52 forums are hearing 533 grievances. The forum in Mumbai has addressed 562 complaints, followed by Pune with 530 grievances. Thane has resolved 201 complaints, Navi Mumbai 169, Palghar 105, Kalyan 73, Vasai 71, Nagpur 13, Mira Road 9, and both Raigad and Nashik with 8 complaints each.
When a homebuyer lodges a complaint, they are given the option to resolve the issue through the conciliation forum during the first hearing. This ensures that their rights regarding the complaint are maintained. The complaint is only forwarded to the forum after the complainant's consent. A complaint is considered resolved when the complainant and respondent agree to the terms and conditions of the settlement. If the settlement terms are not fulfilled, the complainant can seek further recourse from MahaRERA, as the grievance cannot be dismissed without the complainant's consent.
MahaRERA Chairman Manoj Saunik emphasized the proactive efforts of the authority in resolving homebuyer complaints. He stated that in case of deadlock, the complainant always has the option to re-approach MahaRERA, ensuring that their concerns are thoroughly addressed.
Frequently Asked Questions
What is the primary role of MahaRERA Conciliation Forums?
The primary role of MahaRERA Conciliation Forums is to resolve homebuyer grievances within 60 days, with an extension to 90 days in exceptional cases.
How many homebuyer grievances have been resolved by MahaRERA Conciliation Forums so far?
MahaRERA Conciliation Forums have resolved 1,749 homebuyer grievances out of 5,958 cases filed.
How has the number of MahaRERA Conciliation Forums evolved over time?
Initially, there were a few forums in Mumbai and Pune in 2018. Now, the number has increased to 52 forums across the state.
What happens if the settlement terms are not fulfilled by the respondent?
If the settlement terms are not fulfilled, the complainant can seek further recourse from MahaRERA, as the grievance cannot be dismissed without the complainant's consent.
What is the role of the complainant in the conciliation process?
The complainant is given the option to resolve the issue through the conciliation forum during the first hearing. The complaint is only forwarded to the forum after the complainant's consent.
Related News Articles
Rise of Tier 2 Cities: The New Frontier of Real Estate Investment in India
Tier 2 cities are emerging as major contributors to India's real estate growth
The Khan Siblings' Rising Empire: Aryan and Suhana's Properties and Future Projects
Shah Rukh Khan's children, Aryan and Suhana, are making a name for themselves in Bollywood and real estate, following in their father's footsteps.
House of Hiranandani to Invest Rs 3,200 Crore in Redeveloping 5 Housing Societies in Mumbai
House of Hiranandani, a leading real estate company, plans to invest Rs 3,200 crore in redeveloping five housing societies in Mumbai, with a total area of 17 lakh square feet and a GDV of Rs 5,000 crore.
Prime Mumbai Land Parcel Up for Grabs: RLDA Invites Bids for 10000 sqm Property in Mahalaxmi
The reserve price for the property is set at ₹805 crore, reflecting its high potential for premium projects in this sought-after location.
SBI Funds Management Ltd's Big Bet on Mumbai's Bandra Kurla Complex
Mumbai real estate: SBI Funds Management Ltd buys two commercial units in Bandra Kurla Complex for ₹103 crore
Aditya Birla Real Estate Stock Rises 3.9% After Four-Day Decline, Still Underperforms Sector
Aditya Birla Real Estate's stock saw a 3.9% increase on January 14, 2025, after four consecutive days of decline, reaching an intraday high of Rs 1977.9. Despite this boost, the stock still lags behind the sector.