The model agreement does not mark any clauses, which are mandatory and non-negotiable. Hence, it is seen that many builders are seen modifying clauses in such an agreement, which is in violation of important RERA provisions. A common buyer is not so well-versed about his rights as well as builder's obligations under RERA. How does the buyer protect himself if he has signed an agreement wherein important terms have been modified by the builder? -Abhay Datar, Girgaum
The Real Estate (Regulation and Development) Act, framed by the Maharashtra government, has prescribed a model format of agreement of sale between buyer and builder with a view to protect the interest of buyers. It is true that the clauses in the model agreement are allowed to be modified by builders depending on facts and circumstances. Similarly, it is also true that the model agreement does not mark any clauses therein which are mandatory and non-negotiable. Hence, many builders are seen taking undue advantage of this gap and modifying or even omitting certain clauses to the detriment of the buyers.
Esta historia es de la edición October 28, 2024 de The Free Press Journal.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición October 28, 2024 de The Free Press Journal.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
What Is Resistant Starch? Is It Good For Health?
What is resistant starch? It is a type of starch which doesn't get absorbed.
Young Investors Continue To Dominate Stock Market
The Indian markets are continuously dominated by young investors, highlighted in a latest report by the National Stock Exchange.
We Don't Want Short-Term Truce: Hamas
Mediators had hoped that a short pause would create a window to bring in humanitarian aid to Gazans
Sweet Engagement At LAC With China
India and Chinese troops exchanged sweets at several border points along the Line of Actual Control (LAC), on the occasion of Diwali on Thursday.
Trump Gets Buzz Aldrin's Backing
Aldrin cited Trump's past commitment to American space policy and national security as reasons for his endorsement
Post-Diwali: Stage Set For Political Potboiler
PM Modi will address two rallies to woo voters ahead of the ballot battle
Russian Bomb Hits Building In Ukraine's Kharkiv, Child Killed
Moscow has used powerful glide bombs to pummel cities dozens of miles away from the frontline
India Faces 24.7% GDP Loss By 2070 Due To Climate Change
Climate change under a high-end emissions scenario could lead to a 16.9% loss in GDP by 2070 across the Asia and Pacific region, with India projected to suffer a 24.7% GDP loss, according to a new report.
Gambhir Hurt By Series Loss
India head coach feels the pain will motivate players to do better
Salman Khan's Ex-Girlfriend Somy Ali: Lawrence Bishnoi is 'Better' Than Him
Somy Ali was in a relationship with Salman Khan for almost eight years. She broke up with Salman after he started seeing Aishwarya Rai.