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Showing posts from November, 2021

Settlement of Disputes Between Builder & Homebuyer - Conciliation Forum

  Ramesh Agrawal (LL.B & CA)   ·          Real Estate (Development and Regulation) Act 2016, Rules and Regulations were enacted to resolve the disputes between the Builders & homebuyers. ·          A Conciliation forum is to facilitate settlement of any disputes between the parties and acts as a mediator between the aggrieved parties. ·          Aggrieved parties such as home buyers, developers, or real estate agents can get their grievances solved under this forum before filing a complaint with the Real Estate Regulatory Authority. ·          Procedure to file online application is as below: - a)        The allottee needs to register on the conciliation forum application portal, by entering his login Id & Password. b)       After successful login, allottee needs to complete the conciliation request form for raising the request. c)        The other party will be intimated through SMS and e-Mail. When the request is received, they need to click on the confirmation link. d)