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.
This story is from the October 28, 2024 edition of The Free Press Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 28, 2024 edition of The Free Press Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Man duped of ₹6 L for rly job
A 25-year-old man from Wadala was cheated of Rs6 lakh with the promise of a job in the railways.
Requiem for ruined dreams
Several Bollywood biggies failed to rake in the moolah at the box office in 2024 leading to not just financial strain, but on relationships as well
SOURCE OF HAPPINESS
mool:kitchen&bar, restaurant in Fort, Mumbai, believes in going back to roots to give diners an experience to cherish
Hyundai Creta Electric Unveiled
The SUV joins the rapidly expanding EV segment with powerful features and cutting-edge technology
Cap-tivating winter trends
Stylish hats and caps to elevate your chilly-season fashion
Milestone for Tata Motors
Tata Motors reported total sales of 2,35,599 vehicles in both domestic and international markets during the third quarter of FY 2024-25.
Royal Enfield sees an uptick
Royal Enfield recorded a robust sales performance in December 2024, delivering 79,466 motorcycles, reflecting a 25% growth compared to the same period last year.
Beyond the barrel
Paul John, founder of the eponymous whisky brand, talks about his foray into the liquor industry and more
Village of Artists
Talking a walk through Raghurajpur for a peek into Odisha's artistic legacy
Honouring parrots
Sushilkumar Agarwal traces use of parrots on currencies and stamps across the world