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.
.jpg)
.jpg)
.jpg)
.png)
.png)