Retired high court judge Justice Indira Jain has been appointed its president. IAS officer S S Sandhu and Sumant Kolhe, associated with the judiciary earlier, have been appointed as members, administration/technical and judicial, respectively.
Sandhu is slated to retire on June 30. He will become the member of the appellate tribunal after retirement.
A search committee headed by Justice Shantanu Kemkar, additional chief secretary (housing) Sanjay Kumar and principal secretary of law and judiciary AM Jamadar was formed to set up the tribunal.
The permanent appellate tribunal will hear appeals against the orders passed by the Maharashtra Real Estate Regulatory Authority (MahaRERA). Homebuyers and developers can approach it for overruling an order given by the MahaRERA.
A MahaRERA official said, “If a homebuyer or a developer is not satisfied with the RERA order, s/he can make an appeal to the appellate board instead of approaching the high court.”
MahaRERA officials hailed the formation of the appellate tribunal, stating a permanent appellate authority was the need of the hour, as prescribed in the act. “We had a temporary one operating from the revenue tribunal. The formation of the permanent panel even after a year should help both consumers and developers,” said an official.
MahaRERA has been operative from May 1, 2017. Till the permanent appellate authority was constituted, the temporary appellate tribunal disposed of nearly 58 cases. Officials believe that the permanent appellate tribunal will help prevent consumers and developers from approaching the high court.
Shirish Deshpande of Mumbai Grahak Panchayat said, “We welcome the full-fledged appellate tribunal. Till now, there was a temporary tribunal. This is a tribunal for all MahaRera orders. So, finally the justice has been done.”
Deshpande had earlier written to the chief minister, requesting for speedy appointment of the appellate tribunal because many developers and consumers were approaching the high court.
Credai president Shantilal Kataria said though the state was first in setting up MahaRERA and its website, the formation of the tribunal was pending. “This will truly help developers and consumers because it will not only ensure speedy disposal of cases but will be cost-effective,” he said.
Several consumers feel while the appellate tribunal can address the cases, implementation of the orders issued by MahaRERA is more important.
12 Comments on this Story
Praker 28 days ago
Customers who paid ultra high price worth of 2 decades of loan EMI for own roof are the greater fools.. Corrupt and greedy builders along with some politicians and bureaucrats are ensuring common citizen who dream to have house are getting looted and cheated. Be away from realestate until the big realestate bubble burst, price collapse by 50 to 70 percentage.
Praker 29 days ago
Just another paid news.. Keeping that in mind, there is almost a stunning 66 months of inventory lying idle in Mumbai. Locations outside the Mumbai region such as Thane, Virar, Kalyan, Panvel etc are not included in this calculation. A survey by the Reserve Bank of India (RBI) showed that buyers of residential property in Mumbai pay 43.3 percent of their income as EMIs. Throw in the monthly maintenance bill for the building and that number rises to almost 50 percent of income. No one knows the depth of the impact of novel coronavirus, or COVID-19, on the economy, but recovery anytime soon is improbable. Homes will remain unsold even as supply rises. Capital will remain blocked. Consumer sentiment will turn even bleaker. Builders battling to avoid default on their commitments will start defaulting. For the first time in two decades, end-users and investors will not even attempt a purchase of an apartment. Who wanna be in dirty and polluted cities? Now Working From Home allows millions of employees to work from villages and small towns. So I believe that this news is written to mislead public..
pandasurajify43 days ago
no one can leave city and go back to native as company will make work from home rotational basis. Any time 50 to 60 % of employee will be present in rotational basis. So people who thinks that they can go back to native and continue to do work from home is impossible. So residential houses prices will go up and at least it will go up by 50%.