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

Maha RERA directs Godrej Properties to refund the booking amount for a project initiated before RERA regulations.

The regulator determined that the project was ongoing when the real estate law came into…

1 week ago

The Importance of Due Diligence Before Purchasing Property

Due Diligence Before Purchasing Property, Due diligence is an essential step in any real estate…

2 weeks ago

Embassy Real Estate Investment Trust (REIT) has appointed Ritwik Bhattacharjee as the interim CEO.

This follows a SEBI order on November 4 directing Embassy REIT to suspend Aravind Maiya…

2 weeks ago

Macrotech acquires Bain Capital’s stake in three digital infrastructure entities for ₹307 crore.

Previously, Macrotech also acquired real estate firm Ivanhoe Cambridge's stake in the three entities, aligning…

2 weeks ago

Benefits of LEED-Certified Buildings for Investors and Tenants

LEED (Leadership in Energy and Environmental Design) certification has become a prestigious standard in the…

2 weeks ago

QIP issuances by real estate developers reached ₹12,801 crore from January to September 2024, marking the second-highest amount after the renewable energy sector

From January to September 2024, QIP issuances across all sectors totaled ₹75,923 crore, with real…

3 weeks ago

This website uses cookies.