CORPORATE LEGAL PRACTICE

UP RERA NCR Conciliation Forum settles property disputes worth Rs 345 cr through amicable settlements

  • UP RERA has appointed R.D. Paliwal, a senior retired administrative officer, as conciliator in NCR Conciliation Forum for resolution of disputes through mediation. The dispute between the parties is generally resolved through mutual settlement in two to three hearings. Both the parties themselves honour the agreements entered into by them in the Conciliation Forum, and, hence, the allottees do not have to go through further proceedings for enforcement of the settlement. Conciliation is a form of alternative dispute resolution
  • The forum, with the constructive cooperation of the associations of the allottees and the promoters, has been able to resolve more than 1150 disputes involving properties worth more than Rs 345 crore, through amicable settlement by the parties.
  • The Conciliation Forum is the easiest way to resolve the grievances of the home buyers under which the resolution is sought to be arrived at by bringing the promoter and the consumer together on one platform and after detailed discussion and negotiation between the parties in presence of the representatives of both the association of the allottees and the promoters and moderation by the conciliator. The entire model is turning to be a preferred time-saving disputes resolution process by both the consumers and promoters.
  • The process of applying to the Conciliation Forum is quite simple. Allottees can apply online using the link on the U.P RERA website- https://www.up-rera.in/conciliations.

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