OBJECTIVE
The aim of this code of conduct for Developers,
Promoters and Builders is to maintain the honour and dignity of
Developers, Promoters and Builders in general, to secure a spirit
of friendly Co-operation between the Developers, Promoters and
Builders and their Customers in the promotion of highest standard
of promotion, development and building activities and to establish
transparency, and fair dealing between the developers, promoters
and builders with their customers; and to establish a spirit of
brotherhood within the Developers, Promoters and Builders and
to try and ensure that Developers, Promoters and Builders discharge
their responsibilities to the community in general.
For the aforesaid objectives the members of REDA
desire to adopt the following norms of conduct. (However, specific
mention of the following norms of conduct / rules shall not be
construed as conferring upon the members and / or the customers
and / or the premise purchasers any legal right enabling them
to enforce the same in Court of Law or otherwise).
If any member is found to violate the code, suitable
action can be taken against him by the Association (even to the
extent of his membership being discontinued) after a detailed
enquiry by a select committee whose recommendations if endorsed
by the Executive Committee, would lead to the termination of membership
of the member.
Any such action taken by the Executive Committee
shall be put into effect 30 days after communicating the decision
to the member in writing by Registered Post at his address as
per records of the Association. The member can appeal the decision
of the Executive Committee to the General Body of the member association
whose decision shall be final and binding. This appeal must be
lodged within 30 days of the date of communication by the Executive
Committee failing which the decision communicated shall be final
and binding.
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