Connect with us










News

RICS introduces DRS

construction

RICS has introduced Dispute Resolution Service in India.

The first step in this direction is the introduction of an online training program for senior professionals with technical expertise followed by their empanelment and appointment as RICS arbitrators, post-assessment. Over the next few years, a limited number of experts and neutral arbitrators will be trained and impaneled by the RICS, in support of the sector.

A company press release said, RICS Dispute Resolution Service (DRS) is the world’s oldest and largest provider of alternative dispute resolution services in the land, real estate, property, and construction industries, together known as the built environment.

Over the last four decades across the globe, RICS DRS has appointed dispute resolvers in nearly a quarter of a million cases. Internationally, DRS resolves around $2 billion worth of disputes every year – keeping these cases out of courts.

Nimish Gupta

Commenting on the launch of DRS, Nimish Gupta, MD, South Asia – RICS, said, “With the launch of Dispute Resolution Services in India, RICS has once again reinforced its mandate of working in the public interest, by supporting the built environment sector in bringing in greater expertise and professionalism in practice.”

Advertisement










Latest News

News1 day ago

Central Park’s Bignonia Towers in Sohna Achieves Rs 500cr Sales Bookings 

New Delhi, 14th June 2024: Bignonia Towers by Central Park in in Sohna has recorded sales bookings of Rs 500...

News1 day ago

Author Ashwinder R. Singh Launches His Third Book, “Master Commercial Real Estate”

June 14, 2024: Ashwinder R. Singh, acclaimed for his insightful contributions to real estate, launched his third book, “Master Commercial...

News1 day ago

Grade A Office Spaces Demand Growing at a Brisk pace, 164.3 Mn Sq Ft Added Since 2021

June 14, 2024: India’s office market is undergoing a profound transformation, reflecting the country’s robust economic growth, demographic advantages, and...

News1 day ago

Real Estate Sector Needs to Gear Up for New Housing Challenges Until 2029, With Rain Harvesting as a Core Element for Housing Projects: HUA Additional Secretary

New Delhi, June 14, 2024: Additional Secretary of the Ministry of Housing and Urban Affairs, D Thara, on Friday asked...

News2 days ago

Tier-2 Cities Closing the Gap with Top-8 as Property Prices Surge by 10-15% in Prime Areas: Housing.com Report

New Delhi, June 13, 2024: Housing.com has released its inaugural “The Bharat in India” report on Thursday. The report unveils...

News2 days ago

Housing Prices Soar 13% CAGR as Inflation Moderates to 5.4%: ANAROCK Report 

Mumbai, June 13, 2024: Inflation, the gradual increase in the general prices of goods and services, erodes the purchasing power of money...

Trending