CREDAI : Plans Consumer Awareness Campaign

according to Mr N. Nandakumar, Secretary, Chennai chapter,CREDAI , The Confederation of Real Estate Developer's Association of India (CREDAI) and the Ministry of Consumer Affairs are exploring the option of making the industry body a first line of call in dispute redressal.

CREDAI, a national level body for developers, has a self imposed regulation and code of conduct which its members follow. It has a consumer redressal forum that arbitrates disputes in property deals.

Mr. Nandakumar said , ''By March (2012) end all the State level chapters of  CREDAI will have a redressal forum and it is looking at setting up regional and national level committees. The Ministry of Consumer Affairs & CREDAI will work on a consumer awareness campaign that will highlight CREDAI's dispute redressal mechanism. A meeting is planned with the CREDAI and the authorities concerned"

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