Only 195 projects set up a grievance redressal cell
Real Estate

Only 195 projects set up a grievance redressal cell

Just 195 properties in the state have created the grievance redressal cell, despite the Maharashtra Real Estate Regulatory Authority's mandate for real estate developers to do so for their individual developments.

In order to address the complaints of homeowners, the regulator has reviewed the matter and is currently preparing to take legal action against the developers who have disregarded the August 2023 mandate. These cells must have at least one complaint redressal officer assigned to them in accordance with the regulator's mandate. Adherence to this clause will be a crucial factor in the suggested assessment of projects by the regulatory body.

Ajoy Mehta, chairman of MahaRERA, emphasised the necessity of establishing trust in the service sector for business growth. He noted that while the construction sector has traditionally been perceived as a product sector, it is increasingly evolving into a service sector. Mehta stated that it is crucial to implement a grievance redressal mechanism at this juncture. MahaRERA has instructed all projects to establish a grievance redressal cell and urged stakeholders to take swift action to enhance the sector's credibility.

It was pointed out that homebuyers typically engage with the sales and marketing teams during property transactions. However, they often lack awareness of project-specific mechanisms to address issues that may arise later. This leads to delays in resolving complaints, resulting in misunderstandings and grievances even after project completion. The absence of effective communication can impact project timelines.

The regulator emphasised that if developers establish dedicated grievance redressal cells for their projects, it would help manage issues effectively by providing timely and reliable information to complainants. Furthermore, MahaRERA mandated that details of the redressal cell, including officers' names and contact information, should be prominently displayed at project sites and on developers' websites.

Just 195 properties in the state have created the grievance redressal cell, despite the Maharashtra Real Estate Regulatory Authority's mandate for real estate developers to do so for their individual developments. In order to address the complaints of homeowners, the regulator has reviewed the matter and is currently preparing to take legal action against the developers who have disregarded the August 2023 mandate. These cells must have at least one complaint redressal officer assigned to them in accordance with the regulator's mandate. Adherence to this clause will be a crucial factor in the suggested assessment of projects by the regulatory body. Ajoy Mehta, chairman of MahaRERA, emphasised the necessity of establishing trust in the service sector for business growth. He noted that while the construction sector has traditionally been perceived as a product sector, it is increasingly evolving into a service sector. Mehta stated that it is crucial to implement a grievance redressal mechanism at this juncture. MahaRERA has instructed all projects to establish a grievance redressal cell and urged stakeholders to take swift action to enhance the sector's credibility. It was pointed out that homebuyers typically engage with the sales and marketing teams during property transactions. However, they often lack awareness of project-specific mechanisms to address issues that may arise later. This leads to delays in resolving complaints, resulting in misunderstandings and grievances even after project completion. The absence of effective communication can impact project timelines. The regulator emphasised that if developers establish dedicated grievance redressal cells for their projects, it would help manage issues effectively by providing timely and reliable information to complainants. Furthermore, MahaRERA mandated that details of the redressal cell, including officers' names and contact information, should be prominently displayed at project sites and on developers' websites.

Next Story
Infrastructure Urban

Shoals' Q3 2024 revenue falls 23.9% due to project delays, supply chain

Shoals Technologies Group, a U.S.-headquartered manufacturer of electrical balance of systems (EBOS) for solar, energy storage, and e-mobility, reported a 23.9% year-over-year (YoY) decline in revenue, which dropped to $102.2 million in the third quarter (Q3) of 2024. This decline was mainly attributed to project delays and supply chain disruptions. The company posted a net loss of $300,000, a significant improvement compared to the $9.8 million net loss in Q3 2023. Adjusted net income was reported at $13.9 million, reflecting a 58.2% YoY decrease. Adjusted EBITDA stood at $24.5 million, a 4..

Next Story
Infrastructure Energy

FTC Solar sees 67% YoY decline in Q3 revenue from lower volumes

FTC Solar, a U.S.-based provider of solar tracker systems, reported a revenue of $10.14 million in the third quarter (Q3) of 2024, surpassing analyst expectations by $240,680. However, this figure marked a 66.8% year-over-year (YoY) decline compared to the same quarter in 2023, primarily attributed to reduced product volumes. The decline in solar tracker revenue was mainly due to an 82% decrease in the amount of MW produced, which was negatively impacted by delays in customer projects. This was partially offset by an increase in the average selling price (ASP), which led to better pricing an..

Next Story
Infrastructure Urban

Dilip Buildcon wins bid for BharatNet Phase III broadband project

Dilip Buildcon announced on Tuesday, November 12, that its STL-DBL consortium had submitted the lowest bid for BSNL's BharatNet Phase III broadband connectivity project. The USOF-funded project, which aims to provide middle and last-mile connectivity in Jammu Kashmir and Ladakh, is valued at Rs.1,625.36 Crore. Dilip Buildcon holds a 70.23% stake in the implementation of the project. The project is expected to be completed in three years, and the corporation will secure a 10-year maintenance contract. In recent days, BSNL has awarded several contracts for the BharatNet project. On Monday, No..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000