UP real estate regulator's conciliation forum frees up Rs 570 crore of properties from disputes
Officials said the authority has through mediation solved over 73 percent of the 1,930 complaints received between February 2019 and December 2023
Stay updated with breaking news from Conciliation Forum. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Officials said the authority has through mediation solved over 73 percent of the 1,930 complaints received between February 2019 and December 2023
According to the RERA Act, MahaRERA is required to facilitate amicable conciliation of disputes between developers and homebuyers through dispute settlement forums set up by the consumer or promoter associations.
The Maharashtra Real Estate Regulatory Authority (MahaRERA) Conciliation Forum has settled almost 30% of the disputes it received in the past three years. Find out more about the work of the forum and the organizations involved.
Suncity Hightech Infrastructure: Sanjay Bhoosreddy, chairman, UP-RERA said, "During virtual hearing we come across such matters in which both parties want to settle matter mutually. Hence, we transfer such matters to the Conciliation forum where the Conciliator mediates in the matter for settlement."
The allottee had demanded a refund after the promoter failed to provide centralised air-conditioning as promised.