MUMBAI: Credai-MCHI, the body representing developers, has termed
Sanjay Agarwal’s suicide an “unfortunate incident” and said he was reportedly under tremendous stress as his Chembur project was delayed.
In a statement, president Nayan Shah said: “It is common knowledge that most developers in the MMR area are under tremendous stress to perform and give timely possession of their projects while they are fully dependent for all approvals on other stakeholders like approving authorities, various government agencies and bodies who do not have any checks on them.
Developers do not have any fallback mechanism where they can file complaints because as soon as they do it, various officials come together to ensure his voice is muzzled and business interests compromised.” Shah said developers have demanded implementation of Section 32(B ) and (C) of the RERA Act, by which actions of approving authorities can be put under check.