Developers’ lobby introduces code of conductSeptember 15th, 2011 - 11:54 pm ICT by IANS
Mumbai, Sep 15 (IANS) The Maharashtra Chamber of Housing Industry (MCHI) Thursday introduced a code of conduct for the 1,000-odd real estate firms affiliated to it.
“The code of conduct aims to promote the highest standards of quality and service in the industry, apart from ensuring transparency and fair dealing among the developers, promoters and customers. Besides, the 1,000 member body has also put in place a grievance redressal mechanism to address issues confronted by customers,” MCHI president Paras Gundecha said.
The code of conduct deals with the five major clauses — full disclosure on property title, agreement for sale on carpet area basis, possession details, any additional charges details and arbitration and mediation.
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Tags: arbitration and mediation, carpet area, clauses, code of conduct, developers, full disclosure, grievance, housing industry, mchi, member body, paras, possession, promoters, real estate firms, transparency