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In a significant move towards ensuring faster resolution of complaints against illicit builders and developers, Dr. N Satyanarayana, the Chairman of the Telangana Real Estate Regulatory Authority (TS-RERA), has announced the initiation of virtual hearings for cases involving home buyers and property investors. This innovative approach is aimed at expediting the resolution process and providing convenience to complainants, regardless of their location or circumstances.
Accompanied by TS-RERA members, J Lakshminarayana and K Srinivasa Rao, Dr. Satyanarayana kick-started this pioneering initiative by conducting an online hearing session at their office. The introduction of online inquiries aligns with the TS-RERA's commitment to addressing grievances promptly and efficiently.
Within a mere 40 days of the establishment of TS-RERA, the body has implemented the virtual hearing system to ensure the expeditious resolution of complaints. This technology-driven approach will enable complainants from across the globe or those facing accessibility challenges to participate in hearings without any hindrance.
This move is a testament to TS-RERA's dedication to leveraging technology for the benefit of the public, streamlining the process of addressing grievances, and holding unscrupulous builders and developers accountable. It marks a significant step forward in making the real estate sector in Telangana more transparent and consumer-friendly.
The TS-RERA Chairman also issued a stern warning to builders and developers, emphasizing the importance of complying with the RERA Act, 2016. It has been made abundantly clear that no advertisements related to real estate projects should be released without proper RERA registration. Any violations of this rule will not be taken lightly, and legal action will be pursued against offenders.
With the implementation of virtual hearings, TS-RERA is striving to enhance its effectiveness in enforcing these regulations. This development is expected to serve as a deterrent to unscrupulous builders and developers who have been known to operate outside the boundaries of the law.
In conclusion, the Telangana Real Estate Regulatory Authority's adoption of virtual hearings is a pioneering move in the real estate sector, geared towards expediting complaint resolutions and upholding the principles of transparency and accountability. As technology continues to reshape industries, TS-RERA's embrace of virtual hearings sets a positive example for other regulatory authorities and underscores its commitment to ensuring a fair and efficient real estate market for all stakeholders. This initiative is poised to have a lasting impact on the real estate landscape in Telangana and serve as a model for similar endeavours in the future.
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