Real estate disputes can be complex and time-consuming to resolve. In Maharashtra, the Real Estate (Regulation and Development) Act, 2016 (RERA) established the Maharashtra Real Estate Regulatory Authority (MahaRERA) to regulate and promote the real estate sector.
As part of its mandate, MahaRERA has set up the Maharashtra Real Estate Conciliation Forum to provide a quick and hassle-free way to resolve real estate disputes. In this article, we will explore what the Maharashtra Real Estate Conciliation Forum is, how it works, and how it can help you settle your real estate disputes.
What is the Maharashtra Real Estate Conciliation Forum?
The forum provides an alternative to time-consuming and expensive legal proceedings by offering a quick and amicable resolution process. The forum is staffed by trained conciliators who facilitate negotiations between the parties to reach a mutually acceptable settlement.
How does the Maharashtra Real Estate Conciliation Forum work?
The first step in the conciliation process is for either party to file a request for conciliation with MahaRERA. The request must be in writing and must include a description of the dispute, the names and addresses of the parties, and any relevant documents or evidence. Once the request is received, MahaRERA will appoint a conciliator within three working days.
The conciliator will then invite both parties to a meeting to discuss the dispute and explore possible solutions. The meeting can be held in person or via video conferencing, and the parties are encouraged to participate in good faith to reach a settlement. The conciliator is impartial and does not have the authority to impose a settlement; their role is to facilitate the negotiation process.
If the parties reach a settlement, it will be recorded in writing and signed by both parties. The settlement agreement will be binding on both parties, and they will be required to comply with its terms. If the parties are unable to reach a settlement, the conciliator will issue a certificate of failure, and the parties can then pursue other legal remedies.
Advantages of using the Maharashtra Real Estate Conciliation Forum
The Maharashtra Real Estate Conciliation Forum offers several advantages over traditional legal proceedings for resolving real estate disputes.
- Speed: The conciliation process is typically much faster than traditional legal proceedings, which can drag on for months or even years.
- Cost-effectiveness: The conciliation process is also much more cost-effective than going to court, as it does not involve the same level of legal fees and expenses.
- Confidentiality: The conciliation process is confidential, which can help to preserve the privacy of the parties involved and protect their reputations.
- Flexibility: The conciliation process is flexible and can be tailored to the specific needs of the parties, making it a more customized solution than traditional legal proceedings.
With its team of trained conciliators and its commitment to impartiality, the forum is dedicated to finding mutually acceptable solutions to real estate disputes that benefit all parties involved.
Whether you are a homebuyer or a developer, the Maharashtra Real Estate Conciliation Forum can help you resolve your real estate dispute in a fair and efficient manner. So, if you are facing a real estate dispute in Maharashtra, consider filing a request for conciliation with MahaRERA and taking advantage of this valuable resource.
Note: The information provided in this article about Maharashtra Real Estate Regulatory Authority (MahaRERA) is for informational purposes only. It is not intended as legal or professional advice and readers should consult qualified professionals for advice specific to their circumstances.
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