Realtors see cut in legal cases filed by consumers

Gurgaon: The recent announcement of having a state regulatory authority for the real estate sector has evoked mixed reactions from the realtors. Most feel that there might be a drop in the number of cases filed by consumers once the body is in place. It also gives hope to realtors that there might be a single window system for the numerous no objection certificates once the licence has been issued for each project. According to Ravi Saund, COO, CHD Developers Ltd, Buyers have been at a disadvantage in some cases in the absence of a regulator. “It (the sector) is unorganized but is rapidly moving towards being organized. You need

Gurgaon: The recent announcement of having a state regulatory authority for the real estate sector has evoked mixed reactions from the realtors. Most feel that there might be a drop in the number of cases filed by consumers once the body is in place. It also gives hope to realtors that there might be a single window system for the numerous no objection certificates once the licence has been issued for each project. According to Ravi Saund, COO, CHD Developers Ltd, Buyers have been at a disadvantage in some cases in the absence of a regulator. “It (the sector) is unorganized but is rapidly moving towards being organized. You need

[via India Properties – Real Estate India – Indian Property News Site]

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