Appellate tribunal of MahaRERA in place

The permanent appellate tribunal will hear appeals against the orders passed by MahaRERA. Home buyers and developers can approach it for overruling an order given by the MahaRERA.

The Maharashtra Real Estate Regulatory Authority tribunal is finally in place with the state government approving an appellate authority of three members. Retired high court judge Justice Indira Jain has been appointed its president. IAS officer S S Sandhu and Sumant Kolhe, associated with the judiciary earlier, have been appointed as members, administration/technical and judicial, respectively. Sandhu is slated to retire on June 30. He will become the member of the appellate t .. Deshpande had earlier written to the chief minister, requesting for speedy appointment of the appellate tribunal because many developers and consumers were approaching the high court. Credai president Shantilal Kataria said though the state was first in setting up MahaRERA and its website, the formation of the tribunal was pending. “This will truly help developers and consumers because it will not only ensure speedy disposal of cases but will be cost-effective,” he said. Several consumers feel while the appellate tribunal can address the cases, implementation of the orders issued by MahaRERA is more important.

Comments Section

  • - Mazhar Mohammad, Chartviewindia 04/01/2020Reply

    Intraday traders can look to go long if Nifty sustains above the 12,300 level for more than 30 minutes on Friday and look for a target of 12,390. Contrary to this, a strong close below 12,168 level may lead to weakness in Nifty

    • - Gaurav Ratnaparkhi, Sharekhan 04/01/2020Reply

      Nifty is now a stone’s throw away from its all-time high of 12,293. Structurally, it has climbed towards the upper end of the consolidation range i.e. 12,300. Once the 12,300 level taken out, it will march towards 12,350 and subsequently to 12,400, which is near the rising trendline and daily upper Bollinger Band. The 12,220-12,200 zone will act as immediate support

  • - Ashwin Patil, Senior Research Analyst 04/01/2020Reply

    Among two-wheelers, we prefer Hero MotoCorp as it is a proxy to the economy and rural growth, and an expected good Rabi crop output will drive sales in rural India (55% of volumes). We also like Bajaj Auto, which is now finding good traction in exports markets. On the PVs, we still like Maruti as it is a market leader in PV segment and has a wide array of models in all the segments. Its strength in the rural markets is also its positive. We also like M&M, as robust Rabi crop output and increased MSPs will trigger UVs as well as FES growth. Within the CV space we like Ashok Leyland which is away from any global headwinds. Any news on scrappage policy may lead to a sudden spur in CV stocks

    • - Chandan Taparia 04/01/2020Reply

      Nifty has been consolidating between 12,118 and 12,293 levels since last 11 sessions and now a decisive range breakout with followup action can drive the fresh leg of rally. The index has to continue to hold above 12,250 level to witness an up-move towards the 12,350-12,400 zone, while key support has shifted to 12,150 level

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