Builders Aiming For Hassle Free Real Estate Deals In Mumbai

Private investments in Navi Mumbai real estate started in 1982

, once sector 17 in Vashi was thrown open for private developers. The journey for future builders in Navi Mumbai began then. Whereas builders struggled to make the impression of a capitalist friendly city, consumers wished their woes resolved, each parties benefited reciprocally. The symbiotic relationship reflects in the rising range of consumers who are investing in Mumbai property or holding on to their existing ones in the hope of a brighter future and therefore the ever-increasing demand for land by builders who want to touch the sky, quite virtually. Navi Mumbai has so well-tried to be a pot of gold for each developers and consumers.

A growing level of awareness relating to laws and technical aspects of property and therefore the need to operate as an united trade led to formation of bodies just like the Navi Mumbai chapter of Maharashtra Chamber of Housing Industry (MCHI) and the Builders Association of Navi Mumbai (BANM). These bodies have more reinforced their reason for functioning as an expert trade. Investors have made fortunes by purchasing residential properties in Mumbai. Navi Mumbai offers good infrastructure and land with clear title. Some did face losses in the past however as a member, they tend to continuously need that such incidents don't recur. They tend to attempt to resolve problems as stated by Mr. Manohar Shroff.

Builder Mr. Arvind Goel gave the statement that, MCHI members ought to strictly adhere to the code of conduct. This code might not be legally binding however pricks at ethical strings. By following these ethics, they are setting a decent example, presenting an united front and guaranteeing that patrons are drawn whereas the name of builders is undamaged. Builder Mr. Nitin Patel, a member of BANM, has a noteworthy tale to narrate. In Kamothe, locals were inflicting hassle. Insisted that they tend to purchase material from them. They tend to approached BANM and their intervention resolved the matter. The residential projects in Mumbai for sale was completed in time. Being a member helped, he stated. Not just builders, alert patrons too are taking advantage of such bodies. An interested emptor will search through the member directories to substantiate the credibleness of builders and request details of any builder in city. Upset patrons will approach the council members with concrn, if any.

Both MCHI and BANM collect and pay helpful information relating developments, exhibitions to encourage healthy exchange of concepts and knowledge and new rules and plans amongst public and hold conferences. They recommendation members in technical and legal problems and promote bigger interaction and address policy problems with native bodies. This helps eliminate unfair trade practices. Mr. Goel also added that, they are beginning a purchaser grievance cell soon. Adherence to the code ensures credibleness within the market and members will bank on this to draw profits.

Vashi resident, Mr. Arindam Datta admitted, knowing that the builder could be a member of a body like MCHI or BANM undoubtedly offers patrons a way of security. Patrons are assured that there's a forum to approach, just in case of any drawback. Plenty depends on the grievance handling mechanism.

Approaching the police doesn't facilitate continuously and politicians have their own motives. If a emptor goes to court, it might take years. Such truthful practices followed by members will lend credibility to the trade. They have to reach out on plenty and build a lot of awareness amongst patrons.

by: Randhir Pandey

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