Ramesh Agrawal (LL.B , CA)
Quick Summary
Though RERA (Real Estate Regulation and Development Act) provides a dispute redressal mechanism for aggrieved parties through the courts, it also provides a compromise solution. When both parties agree to mutually settle the dispute then they need not go to the Court. The Maharashtra RERA has establ
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FAQ :
The RERA Conciliation Forum is a mechanism established to help parties, such as home buyers, developers, and real estate agents, reach an amicable settlement for their disputes outside of court.
The forum acts as a mediator, inviting disputed parties to hearings where conciliators attempt to resolve the issue through negotiation, typically without lawyers present. If an agreement is reached, a consent agreement is signed.
Complaints can include delays in possession, changes in layout plans, unexpected additional charges, or the lack of promised facilities like parking, storage, or lifts.
If a settlement is not reached, the conciliation process is terminated, and the complainant has the option to pursue their case through the RERA Authority or another court.
It provides a quicker and more cost-effective remedy for homebuyers compared to lengthy court proceedings, helping to resolve grievances before they escalate to formal litigation.
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