In addition to streamlining real estate transactions, the model contract is expected to lessen the burden on Indian consumer courts, where approximately 550,000 cases are pending—many of them linked to the country’s real estate sector.
“We have decided to create a model framework of engagement between the seller and the buyer, considering the agreement between the builder and the buyer is not standardized in India,” Singh said.
Denne historien er fra May 03, 2023-utgaven av Mint Mumbai.
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Denne historien er fra May 03, 2023-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Quick Edit: The market's green role
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