DC sets up Gurgaon Arbitration Council for builder disputes
Jul 13, 2015
Source : Toi


GURGAON: A Gurgaon Arbitration Council (GAC) was constituted as ombudsman to resolve disputes between consumers and builders on Sunday at a meeting attended by builders, administration officials and RWAs.

The deputy commissioner of Gurgaon T L Satyaprakash announced the move at a round table conference hosted by REDCO (Real Estate Developers Council) Haryana at DLF City Club, Phase IV, Gurgaon on Sunday afternoon.

Satyaprakash also appointed Colonel (retd) Prithvi Nath (vice president and secretary general of REDCO Haryana) as the chairman of GAC.

The meeting was attended by administration officials and representatives of real estate companies including DLF, Unitech, Supertech, Ashiana, Rahejas, Ansals, Ambience, Emaar MGF etc along with the RWA heads. T L Satyaprakash, Vikas Gupta, MCG commissioner; Nazneen Bhasin, DCP, Gurgaon; Navin Raheja, MD, Raheja Group; Rohit Malik, director, DEDL and Col Ratan Singh, chairman, JAFRA were also present.

The stakeholders call the council as the first public private partnership and over 100 builders are part of it. It was formed to address rising issues between the builder and citizens and to bridge the gap between them. Builders present at the meeting claimed that most disputes between developers and consumers occur because of miscommunication between the two.

Navin Raheja said "There is a huge communication gap between the builders and consumers. Misunderstanding between the builder and the consumer should be fixed first. I look forward to GAC and hope that this will enable confidence in the people and act as a trust building enterprise."

Satyaprakash said the disputes can expeditiously be resolved by the GAC instead of in the courts or consumer forums. Satyaprakash said, "This is a great initiative towards the welfare of the consumers. All good builders should collectively stand against the builders who are doing wrong and boycott them by creating peer pressure. Today most of the builders are not wrong but few wrong doers have maligned the image of good work done by builders."


Latest Realty News

Jul 13, 2015
NOIDA: Ten buyers associations from across NCR have now threatened to launch protests from July 19, stating they feel "used and disregarded by interest groups".
Jul 13, 2015
PATNA: State urban development and housing department (UDHD) principal secretary Amrit Lal Meena on Saturday said the administrative system and people need to be smart to make a 'smart city' as only pumping resources will not make the city smart.
Jul 11, 2015
Country's largest private sector lender ICICI Bank on Friday said it has received enquiries from potential suitors for its housing finance arm, and is expected to soon take a call on it.
Jul 11, 2015
NEW DELHI: Retirement fund body EPFO is considering a scheme for its subscribers so that they are able own a house by retirement, labour minister Bandaru Dattatreya said on Friday.
Jul 08, 2015
MUMBAI: Declining borrowing costs, improving employment outlook and availability of affordable housing projects are encouraging prospective home buyers to purchase new properties in 2015, a survey has said.
Jul 06, 2015
NEW DELHI: Consumer sentiment about buying a new home is currently the strongest in four years, according to ZyFin Research's New Home Purchase Sentiment Index.
Jun 27, 2015
MUMBAI:HDFC chairman Deepak Parekh has called for an end to the ban on loans for acquiring property for development. According to Parekh, easing finance to developers would help bring down cost of houses.
Jun 26, 2015
MUMBAI: At a time Indian realtors and investors are struggling to roll out real estate investment trusts (REIT) amid regulatory complications and tax uncertainties, Pakistan has gone ahead to launch South Asia's first REIT at a premium of 10% to the offer price, earlier this month.
Jun 25, 2015
Prime Minister Narendra Modi on Thursday launched three mega flagship schemes aimed at transforming urban India, including the much talked about Smart Cities proposal, with a whopping Rs 4 lakh crore kitty having been lined up for the projects.
Jun 24, 2015
NEW DELHI: The government, building owners and service providers need to invest more in smart building technologies to better serve India's rapidly urbanizing population and help create sustainable cities and infrastructure.

Latest Realty News Of State

Realty Talk's