News - December 2017
MUMBAI: Realty developer's body Confederation of Real Estate Developer's Associations of India (CREDAI), through a letter to Hardeep Singh Puri, Minister for Housing and Urban Affairs, has sought the government’s intervention for setting up tribunals in all states across the country.
In the letter, CREDAI has underlined the disparity between states with regards to the implementation of the act with regions such as Maharashtra, albeit still lacking a tribunal, setting the benchmark while many states namely West Bengal still struggling with the process, CREDAI said in a release.
“We at CREDAI have extended our complete support in the implementation of the Real Estate Regulation and Development Act (RERA). However, to be able to further fulfil the purpose of the act, it is imperative that appropriate guidelines be established for the concerned authorities to set up the Real Estate Appellate Tribunal at the earliest,” said Jaxay Shah, President, CREDAI National.
CREDAI further highlighted the necessity for the setting up of the tribunal to decrease the need and participation of the higher courts to facilitate matters between different parties. Over 235 judgements have been delivered by the MahaRERA authority till date. Many of these cases are expected to reach the high court for a resolution which only goes to show the dire need of the mechanism of a RERA tribunal, the release said.