Model Builder-Buyer Agreement: Supreme Court Asks Amicus & Centre To Provide A Roadmap
2 years, 4 months ago

Model Builder-Buyer Agreement: Supreme Court Asks Amicus & Centre To Provide A Roadmap

Live Law  

In a plea seeking direction to the Centre to frame model builder-buyer and agent-buyer agreements to ensure uniformity, the Supreme Court, on Friday, asked the Amicus Curiae and Additional Solicitor General, Ms. Aishwarya Bhati appearing on behalf of the Ministry of Housing and Urban Affairs, Govt. Amicus Curiae, Mr. Devashish Bharuka apprised the Bench that he has filed the status report collating entries of the different States; including Central Government and his own comments, which points out the instances of deviation from the Real Estate Act, 2016. Mr. Bharuka suggested that considering the deviations pointed out in his report, States can relook at their agreements and they get in touch with the Central Government to see if a common model agreement can be formulated. Advocate, Mr. Ashwini Upadhyay, petitioner-in-person suggested that while the States file their response within 3 weeks, the Central Government can come up with a model builder-buyer agreement.

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History of this topic

Supreme Court Asks States To Submit Suggestions For Model Builder-Buyer Agreement With Mandatory RERA Clauses
1 year, 11 months ago

Supreme Court Asks States To Submit Suggestions For Model Builder-Buyer Agreement With Mandatory RERA Clauses

Live Law  

Supreme Court bench comprising Chief Justice DY Chandrachud and Justice PS Narasimha asked states to submit suggestions to the Union Ministry of Housing and Urban Affairs on the model builder-buyer agreement with the mandatory provisions of the Real Estate Act 2016. At the outset, amicus curiae Advocate Devashish Bharuka submitted that in terms of the last order, the court had …

Centre Proposes To Submit Model Builder-Buyer Agreement With Mandatory RERA Clauses Before Supreme Court
2 years, 2 months ago

Centre Proposes To Submit Model Builder-Buyer Agreement With Mandatory RERA Clauses Before Supreme Court

Live Law  

The Central Government has proposed to submit before the Supreme Court a model builder-buyer agreement with mandatory clauses which cannot be altered by the States or the Union Territories.Additional Solicitor General Aiswharya Bhati and amicus curiae Devashish Bharuka submitted before the Court that the model agreement will have Part A which will have core clauses with the mandatory. The Central …

'Concerned About Middle-Class Home Buyers' : Supreme Court Urges Centre To Consider Framing Model Builder-Buyer Agreement
2 years, 11 months ago

'Concerned About Middle-Class Home Buyers' : Supreme Court Urges Centre To Consider Framing Model Builder-Buyer Agreement

Live Law  

Noting that it concerns the "broader public interest of middle-class home-buyers", the Supreme Court on Monday requested Solicitor General Tushar Mehta a to seek the considered view of the Union Government of the need to formulate a model builder-buyer and agent-buyer agreement at the central level. While issuing notice on the petitions in October last year, the Court had noted …

Robust Regulatory Mechanism & Draft Agreement Already Prescribed Under RERA: Centre Tells Supreme Court In Plea Seeking Model Builder Buyer Agreement
3 years ago

Robust Regulatory Mechanism & Draft Agreement Already Prescribed Under RERA: Centre Tells Supreme Court In Plea Seeking Model Builder Buyer Agreement

Live Law  

Responding to a plea seeking a model builder buyer agreement, the Central Government has submitted before the Supreme Court that a robust regulatory mechanism and draft 'agreement for sale" has already been prescribed under the provisions of RERA.According to Centre, the mechanism prescribed under RERA seeks to balance the rights and interest. Responding to a plea seeking a model builder …

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