RERA: Supreme Court issues notice in plea for Model Builder Buyer Agreements to protect homebuyers

The Court made it clear that it would only look into the aspect of a Model BBA, and would not go into the prayer seeking to compensate buyers for inordinate delays on the part of promoters.
Supreme Court, RERA
Supreme Court, RERA

The Supreme Court on Monday issued notice in a petition seeking a direction to the Central government to frame a Model Builder Buyer Agreement to ensure transparency and to protect the interests of homebuyers as per the aims of the Real Estate (Regulation and Development) Act, 2016 [Aswhini Kumar Upadhyay v. Union of India].

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