Developers’ lobby introduces code of conduct
September 15th, 2011 - 11:54 pm ICT by IANSMumbai, 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.
- Use carpet area of house to levy stamp duty: Builders - Sep 21, 2011
- No tax hike for Maharashtra realty sector - Dec 22, 2011
- Chavan applies balm to angry realtors - May 02, 2012
- Realty body sceptical about proposed regulatory bill - Dec 08, 2011
- Code of conduct for Punjab real estate agents - Sep 03, 2011
- Increase in built-up area in suburban Mumbai welcomed - Oct 21, 2011
- Dream of affordable homes gathers dust in Maharashtra - Apr 25, 2012
- Towards transparent transactions in realty industry (Comment) - May 04, 2011
- Housing developers hail FDI in retail, call for realty reforms - Sep 20, 2012
- Realty industry needs regulator to promote ethical business (Comment) - Dec 18, 2011
- Realty industry slams repo rate hike - Oct 25, 2011
- SEBI planning more grievance and arbitration centres - Dec 17, 2011
- Post-Adarsh scam, Chavan reassures builders - Feb 04, 2011
- Govt. approves setting up of seven Indirect Tax Ombudsmen - Mar 31, 2011
- Regulation only way to weed out graft in realty sector (Comment) - Apr 06, 2011
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