Frame "Model Builder-Buyer Agreement": Supreme Court To Centre
NDTV
The bench said that it is an important matter and in October, last year, the court indicated that there was a need for a model builder-buyer agreement.
The Supreme Court on Monday once again emphasized the need for a model builder-buyer agreement to safeguard the interest of middle-class home buyers and asked the Centre to consider framing uniform rules under the provisions of RERA.
The top court said that it wants that instead of leaving it to the States, the Centre makes the model builder-buyer agreement and model agent-buyer agreement which shall be applicable for the whole of the country.
A bench of Justices DY Chandrachud and Surya Kant said, "We are concerned about the broader public interest of the middle-class home buyers" and asked Solicitor General Tushar Mehta, appearing for Centre, to seek a considered view on the issue.
Justice Chandrachud said, "The whole purpose of the present PIL is that there should be a model builder-buyer agreement which will be formulated by the central advisory council so that there is some uniformity in the basic terms and conditions and the flat buyers are not exploited".
