CREDAI seeks centres help to set up RERA tribunals

credai-logoBy Accommodation Times Bureau

MUMBAI

Confederation of Real Estate Developers’ Associations of India (CREDAI) is formally known for realty developers’ body. CREDAI has sought the governments’ involvement for setting up tribunals in all across the country, through a letter to Hardeep Singh Puri, Minister for Housing and Urban Affairs.

CREDAI said in a release that, 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.

According to Jaxay Shah, President, CREDAI National, “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.”





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