At last Consumers harassed by Builders get’s a breather.
The Maharashtra State Cabinet on Wednesday the 28th day of December 2011 approved the setting-up of a Regulatory Body which you can approach for help, if you have any grievance against a builder. Adv. R. P. Rathod says that this is a New Years Gift & positive news for the Consumers.
For the last One Year, the State Government has been considering to introduce this act. However, the realty sectors have tried to stonewall the plan, instead rooting that the government amend the already existing Maharashtra Ownership Flat Act of 1963 (MOFA).
The cabinet has approved the Maharashtra Housing (regulatory and development) Act 2011. With this, an appellate authority will be set up for the Housing Sector. An appellate authority has the power to review and decide appeals, like a Court.
Adv. R. P. Rathod further enlightens that though the finer details are still to be worked out. The authority will be a panel which will be headed by a retired Judge of the High Court. The Regulatory Body will have punitive powers, just like the Court. Further the Builders will have to register every saleable housing project on the website of the authority, listing all details
This decision brings a Ray of Hope for all the home buyers cheated by a builder, especially given the absence of an appellate authority that can be approached.
He adds that presently under the MOFA, Whenever a Home Buyer lodges a complaint against a Builder, the police direct them to approach the Court directly as such complaints are a Civil Matter. As Court Battles are often long-drawn, aggrieved parties often hesitate to take the Legal Route this ultimately benefits the builder.
The Regulatory Body will help bring in transparency in the Housing Sector, besides protecting the buyers interests. This will also attempt to control the quality of the Housing Sector.
Builders beware; the consumer is being empowered concludes Adv. R. P. Rathod.