ANDHRA PRADESH REAL ESTATE REGULATORY AUTHORITY
ACF Alternate Disputes Redressal System to settle the disputes between promoter and allottee.
As per Section 32 (g) of the Real Estate (Regulation and Development) Act 2016, APRERA Real Estate Regulatory Authority must take measures to facilitate amicable conciliation of disputes between the promoters and the allottees through dispute settlement forums set up by the consumer or promoter associations.
With this objective, it was proposed to establish APRERA - ACF (Amicable Conciliation Forum) that shall facilitate resolution of disputes amicably, thereby saving cost and time of litigation to parties and State, promoting greater public satisfaction with legal system and dispute resolution.
Under the mechanism of the Forum, if the parties don’t reach a consensus, the allottee(s) will have the possibility to lodge a formal complaint against the builder via APRERA Portal.
The objectives of the APRERA - ACF (Amicable Conciliation Forum) shall be as follows:
It is the endeavour of Andhra Pradesh, India’s Sunrise state, to facilitate the growth and promotion of a healthy, transparent, efficient and competitive ecosystem for Real Estate sector thereby accelerating investments, economic development and most importantly, protecting the interests of the home buyers in the state.
Andhra Pradesh Real Estate Regulatory Authority (APRERA) has been formed as a regulatory body towards achieving this objective and I strongly believe the new framework can act as a catalyst to potentially create world class cities and transform Andhra Pradesh as the most desired place to live in India.
With APRERA, development takes the center stage and it is the firm commitment of my government to create a level playing field for all the stakeholders i.e. Home buyers, Developers, Agents and Investors to achieve my desire to build a "HAPPY STATE".
SRI NARA CHANDRABABU NAIDU
Hon'ble Chief Minister of Andhra Pradesh