Homebuyers Agreement

The Supreme Court has ruled that the period of allocation of a housing unit to a home buyer must be taken into account from the date of the owner-buyer contract and not from the date of registration of the project, in accordance with the Regulation and Development Act, 2016. “Increasing the difference between the circle rates and the value of the chord – from 10% to 20% (in accordance with Section 43A) – is indeed a good step. This temporary offer (until June 30, 2021) will benefit both developers and home buyers,” said Anuj Puri, President of ANAROCK Property Consultants. `A buyer has every right to enforce the delivery date set out in the contracting authority-buyer contract . . .