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Propert News: asked states to gather information on the request of model builder buyers agreement

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Highlights:

  • Hearing in the Supreme Court on the petition seeking model builder buyer agreement
  • Court asks the petitioner to gather more information within 1 week
  • Hearing in the Supreme Court postponed for 1 week

New Delhi
During the hearing on the petition filed to direct the creation of the model builder buyer agreement and model agent buyer agreement, the Supreme Court has asked the petitioner to present in a week the information from the states which already have the model agreement. The Supreme Court has postponed the hearing of the case for a week.

Senior advocate Vikas Singh, appearing for the petitioner BJP leader Ashwini Upadhyay in the Supreme Court, said that no ideal Boyer Builder Agreement model exists under RERA. The Supreme Court then questioned whether the model already existed in 20 states. On this, the counsel for the petitioner from the Supreme Court said that they will inform the court after taking information from the states.

Advocate Maneka Guruswamy’s plea on behalf of some homebuyers in the Supreme Court that the agreement was not uniform and that the buyers had to face a lot of difficulties. The petition filed by the petitioner Ashwani Upadhyay in the Supreme Court has said that Transparency will come from the Model Builder Boyer Agreement and Model Agent Boyer Agreement and any home buyers who want to buy a flat will not face fraud and will be protected. .

In fact, whatever agreements are made in real estate are usually one-sided and the interests of the buyers are not seen in these agreements. Having a model builder buyers agreement will protect the interests of the buyers.




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