Real Estate Regulatory Authority (RERA), Bihar, has started conciliation mechanism for resolving disputes between customers and promoters.
Altogether 23 cases were taken up by the conciliation forum on the first day of the initiative.
The real estate regulatory body has set up Bihar RERA Conciliation and Dispute Resolution Cell (BCDRC) to facilitate amicable conciliation of disputes between promoters and allottees through dispute settlement forum or cell.
An official said the step has been taken for amicable settlement of disputes with direct partcipation of the home buyers and the promoters. In fact, the process of conciliation is likely to be completed in two or three sittings. One conciliator each from buyers’ association, promoter or builder association along with former district judge and former adjudicating officer Ved Prakash as the chairman form the conciliation forum. The selection of candidates representing promoters’ interests has been done from among names provided by Bihar chapter of CREDAI.
Ravi Anand, Kamlesh Kumar and Satish Kumar would be part of the forum representing customers, while Narendra Kumar, Manikant and Sachin Chandra would represent promoters in the forum.
Bihar RERA has taken the assistance of Mumbai Grahak Panchayat for nominating conciliators representing the interest of home buyers. They are Ravi Anand, a journalist, Kamlesh Kumar, a banker and Satisah Kumar, a chartered accountant, with all being volunteers of Mumbai Grahak Panchayat.
Former chairman of Maharashtra RERA, Gautam Chatterjee, IAS (retired) who at present is mentor of Bihar RERA, is assisting in launching conciliation process here.
