Bridging Disputes In Real Estate: The Power Of Conciliation For Swift, Cost-Effective Solutions

Ammar Bhoira, SVKM’s Pravin Gandhi College of Law

ABSTRACT

The real estate sector, being one of the important sectors for economic growth, is very often plagued by disputes, especially between promoters and allottees. Of late, such disputes are increasingly being settled through alternative dispute resolution mechanisms under the Real Estate (Regulation and Development) Act, 2016, namely, conciliation. This essay throws light on conciliation as a preferred mechanism since it is economical, expeditious, and less adversarial compared to litigation. States like Maharashtra have recorded more than 90% success rates in the RERA conciliation forums. Notwithstanding such shortcomings, like general lack of awareness among the public and misconceptions, this essay goes on to suggest public campaigns, mediator training, incentives, and digitalization to encourage conciliation as a game-changer in the real estate sector-building confidence, cooperation, and adherence to the rule of law.