Conciliating Disputes Under The Real Estate (Regulation & Development) Act, 2016

Speedy dispute redressal is one of the primary objectives of the Real Estate (Regulation & Development) Act, 2016 ("the Act") and a lot of ink has been utilized in effective application of the provisions of the Act to protect the rights and resolve the woes of the flat buyers. Now, the Maharashtra government is contemplating to establish a Conciliation Committee under the Act to handle the real estate disputes under the Act. This would mean that the parties will be able to approach the State Real Estate Regulatory Authority ("RERA") only after the appointed panel of conciliators fail in finding a solution to the dispute¹. It is suggested that a panel of conciliators comprising of builders and consumer groups will be appointed and such panel shall mediate between the disputing parties and help them resolve their disputes and grievances. This is a step advanced to mediate the dispute between promoters and home buyers even before the dispute is taken up before RERA.