MahaRERA i.e the Maharashtra Real Estate Regulatory Authority plans to expand their conciliation forum experiment. The authority is likely to set up a bench in every district across the State to solve the issues between the developers and home buyers.
Gautam Chatterjee, MahaRERA Chairperson, said that this expansion will be carried out in a phased manner. The RERA authority in Maharashtra will constitute new benches in Thane, Navi Mumbai, Mira-Bhayander, Vasai-Virar, Palghar, Kalyan-Dombivli and Nashik soon. An additional bench of MahaRERA is also planned to be set up in Pune.
In the last week, the RERA authority organized a two-day skill development workshop to train the new members who will join these new benches. The workshop was also attended by the existing members of 10 benches in Mumbai and five benches in Pune.
The Conciliation Forum was launched by MahaRERA on 1st February, 2018 with a total of 30 members that included 15 members from developers’ bodies like the Maharashtra Chamber of Housing Industry, Confederation of Real Estate Developers Association of India, and the National Real Estate Development Council and 15 consumer activists from the Mumbai Grahak Panchayat for the Mumbai and Pune benches.
This platform is an alternative dispute redressal mechanism under the provisions of the Real Estate Regulation and Development Act [RERA]. Each bench comprises one representative from the developers’ body and one from the Mumbai Grahak Panchayat to resolve issues between the developers and homebuyers through dialogue and discussions.
The said terms are executed in case the developer and the home buyer agrees. The complainant is free to move legally if the issue is not solved in this forum. The complaint can be filed on the forum’s online portal after which a participation request is sent to the other party. The complainant has to deposit a fee of Rs. 1,000 to the authority in case the other party agrees to participate in the issue solving process.
The authority then schedules a session with the bench that makes efforts to resolve the issue within three sittings. This is a cost-efficient manner to solve property-related issues in comparison to the regular legal case.
The authority has received 547 conciliation requests from the developers as well as home buyers and 55 cases are currently underway
Shirish Deshpande, Chairman of the Mumbai Grahak Panchayat said that the conciliation forum has a success rate of 78% and Maharashtra is the maiden state to implement this mechanism successfully.
The Union Housing Minister and Finance Minister have also appreciated this procedure.