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The Confederation of Real Estate Development Association of India has launched two initiatives on code of conduct and consumer redressal forum to ensure transparency and ethical business practices among developers.
T. Chitty Babu, Chairman and CEO, Akshaya Pvt Ltd, has been appointed as Chairman to oversee the initiatives across India. The two programmes are of particular significance in the backdrop of the proposed law to regulate the real estate sector.
The code of conduct is a self regulatory approach and the consumer redressal forum will help address the buyers’ concerns.
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