Mumbai: A prominent homebuyers’ association has raised concerns over the Maharashtra Real Estate Regulatory Authority (MahaRERA) establishing a conciliation forum to resolve disputes between buyers and builders. In a letter addressed to the Union Housing and Urban Affairs Ministry, the association has objected to the move, arguing that it undermines the regulatory authority’s primary function of adjudicating disputes.
The homebuyers’ association believes that the establishment of a conciliation forum dilutes the power of MahaRERA to deliver timely justice to aggrieved buyers. They argue that the forum’s non-binding nature could lead to further delays and frustrations for homebuyers, as disputes may be drawn out through lengthy negotiation processes without reaching a satisfactory resolution.
Moreover, the association contends that the conciliation forum could create a conflict of interest for MahaRERA officials. By serving as mediators in disputes, these officials may find it challenging to remain impartial and objective when adjudicating the same cases in the future. This potential conflict of interest could compromise the fairness and transparency of the regulatory process.
The homebuyers’ association has urged the ministry to intervene and ensure that MahaRERA maintains its core role as a regulatory body with the authority to adjudicate disputes effectively and efficiently. They emphasize the need for a strong and independent regulatory mechanism to protect the interests of homebuyers in Maharashtra.
By maintaining its primary function of adjudication, MahaRERA can provide a more decisive and timely resolution to disputes, fostering greater confidence among homebuyers and promoting a more equitable real estate market in the state.
