MahaRERA’s Conciliation Forums Handle 1,749 Homebuyer Complaints Since 2018
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has been proactive in addressing homebuyers' grievances through its Conciliation Forums, which have successfully resolved 1,749 complaints since their inception in 2018.
MahareraHomebuyer ComplaintsConciliation ForumsReal EstateMaharashtraReal Estate MaharashtraOct 21, 2024
The decisions made by the Conciliation Forums are upheld by MahaRERA, which has significantly boosted the platform's popularity. Currently, there are 533 active cases being heard across the forums. Out of the total 5,958 cases so far, 1,749 have been resolved amicably between homebuyers and developers, benefiting 32.36% of property purchasers.
Frequently Asked Questions
When were the Conciliation Forums established by MahaRERA?
The Conciliation Forums were established by MahaRERA in January 2018.
How many Conciliation Forums are currently operational in Maharashtra?
Currently, there are 52 Conciliation Forums operational in Maharashtra.
What percentage of property purchasers have benefited from the Conciliation Forums?
32.36% of property purchasers have benefited from the Conciliation Forums.
How long does it typically take to resolve a complaint through the Conciliation Forums?
Complaints are typically resolved within 60 days, or within 90 days in exceptional circumstances.
What happens if a deadlock is reached during the conciliation process?
In case of a deadlock, the complainant can always reapproach MahaRERA, ensuring that their rights and the merits of the case remain intact.
Related News Articles
Kolkata Sees Decline in Unsold Affordable Housing Stock and Rise in Luxury Inventory
Kolkata: In the period from 2024 to 2025, Kolkata experienced a significant decline in unsold affordable housing stock by 20%, while the luxury housing inventory saw a substantial increase of 96%. A recent real estate research provides insights into these trends and their implications for the local market.
ARPU Must Reach Rs 300: Rajan Bharti Mittal Discusses Moody's Rating Upgrade
Rajan Bharti Mittal, the chairman of Bharti Enterprises, has expressed his optimism about the company's future, particularly in the telecom sector. Mittal believes that the recent upgrade in Bharti's credit rating by Moody's is a testament to the company'
Unveiling the Dark Side: 5 Shocking Revelations from the Alexander Brothers' Real Estate Empire
Tal, Oren, and Alon Alexander, prominent figures in the real estate world, were arrested from their homes in Miami Beach on Wednesday, sparking a flurry of revelations about their alleged sexual abuse.
Maamla Legal Hai Sweeps Danube Properties Filmfare OTT Awards 2024 with Two Major Wins
At the 5th annual Danube Properties Filmfare OTT Awards 2024 held in Mumbai on December 1, the comedy series Maamla Legal Hai made a notable impact by securing two major awards. The series, produced by Posham Pa Pictures, won Best Comedy (Series/Specials)
Daily Current Affairs Updates: Global Food Regulators Summit 2024 and More
Get briefed on the latest current affairs, including the Global Food Regulators Summit 2024, Miss India Worldwide 2024, and Junior World Weightlifting Championship 2024.
Leopold Cafe Shines at SOS Nitelife Excellence Awards 2024
The prestigious event acknowledged remarkable achievements, supported by the Confederation of Real Estate and the Maharashtra Chamber of Housing.