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

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?