The Promoters and Builders Association of Poona was set up on 6th May 1982, under the Chairmanship of Mr. Ramkumar Rathi. In the day of the Real Estate boom. a few Developers, including Om Prakash Arora, Shantilal Mutha, PA. Inamdar and others, felt the need for Real State Developers to form a cohesive body that would provide the hitherto loosely organised group of Pune Real Estate Developer, a forum and direction. This association was formed to promote quality consciousness amongst its member and to create an awareness of Government Legislations.
The PBAP believes that
professionalism holds the key to the developer and upliftment of
the Real Estate Industry. To achieve this objective , the
association there for has a stringent procedure of accepting
members. only those who have a proven track record are allowed
to be member criterion precludes those to be member of the
Association. This Membership criterion precludes those
individuals who construct single building and whose objective
are purely to maximize the returns on a single project often at
a cost of not delivering what is promised to the customer.
In addition to talking on professional Real Estate Developers,
the PBAP has a Code of Conduct, which is mandatory on its member
to follow. The Code of Conduct is wide ranging and covers almost
all areas of the Real Estate business, it aims to establish fair
dealings with the customer, maintain the honor and dignity of
its members, and secure a sprite of friendly cooperation between
members.
It establishes a code beginning with the title of the property
under development and has wide ranging guidelines that deal with
construction quality, labor welfare, amenities, refund of money,
defect liability and so on. The PBAP takes its Code of Conduct
seriously and the action take against defaulting members can
amount to even discontinuation of membership. The PBAP today
has come to be know to represent a dependable body of Builders
and Promoters.
The PBAP has divided the stakeholders into 3 groups. These three
groups are the Customers, The City , and the PBAP Member. in the
20 plus years of its existence the PBAP has already undertaken
numerous initiative with each of the stakeholder groups.
