ALTERNATE DISPUTE RESOLUTION: AN COMPREHENSIVE SOLUTION TO REAL ESTATE BUSINESS
INTRODUCTION Dispute resolution or dispute settlement is the process of solving disputes between two parties whenever a conflict arises. The term dispute resolution is also conversely used with conflict resolution. Dispute resolution techniques assist the resolution between parties which include citizens, governments, business entities, and corporations. It can be done in many ways either in courts or using methods like Arbitration, Mediation, or Conciliation which are done outside the courts. One of the most affected industries that witnessed dispute resolution is the Real estate industry. Real estate refers to any physical or real property like land, buildings, air rights, or underground rights below the land or above the land. It also deals with the construction of new buildings like residential, commercial, or industrial buildings. KINDS OF DISPUTE IN THE REAL ESTATE SECTOR · Disputes regarding the title of the property · Disputes between builders/developers an...