News

Registration Mandatory For Homebuyers To File Complaints Against Developers: NCDRC

As per the announcement by the National Consumer Disputes Redressal Commission (NCDRC), consumer organizations, RWAs (Residents’ Welfare Associations) and cooperative societies of homebuyers have to be registered to be able to file allegations or complaints against the developers.

The phrase “voluntary consumer association” had some vagueness attached to it which has been cleared by stating that this term means the association or society being registered under the Companies Act of 1956.

The commission cleared the air by also saying that any Trust is not allowed to file a complaint in the name of a group or any consumer.

The main motive of the commission is to analyze, communicate, protect and encourage the consumers’ interests.

The body or association coming forward and filing a complaint should be formed by a group of people who are doing this in their own interest and are not influenced by any financial motives.

NCDRC will also have to qualify and be eligible for being a voluntary consumer association. If it has financial motives behind the formation and is not serving the benefits of the consumers, then it will not be considered as voluntary consumer association.

Any organization which is formed for the benefit of common people should be credible enough and this clarity will speed up the entire process of cases. The buyers will be asked to get their associations registered if they want the court to hear their case.

Team iPropUnited

Share
Published by
Team iPropUnited
Tags News

Recent Posts

Land deals surge by 48% in 2024, with Delhi-NCR taking the lead

Over 40 land deals were recorded in the Delhi-NCR micro-market, with Gurugram contributing to 60%…

1 week ago

Personal Finance Tips for Young Professionals

As a young professional, building a strong financial foundation early in your career can set…

2 weeks ago

The Importance of ESG (Environmental, Social, and Governance) in Modern Business

In recent years, ESG (Environmental, Social, and Governance) has become a critical framework for evaluating…

2 weeks ago

Why Premium Housing is Gaining Popularity Among Millennials

In recent years, the demand for premium housing has seen a significant rise among millennials,…

3 weeks ago

Year-End 2024: Industrial & Logistics Sector Drives 10% Growth in Private Equity Investments

Data reveals that the Indian real estate sector attracted $4.3 billion (Rs 35,600 crore) in…

3 weeks ago

Why Tier-2 and Tier-3 Cities are the Future of Indian Real Estate

India’s real estate market is undergoing a profound transformation, with Tier-2 and Tier-3 cities emerging…

4 weeks ago

This website uses cookies.