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MumbaiThe government has decided to set up a committee to work out a model buyer’s agreement to help streamline the home buying process and protect consumers from potential misuse, a top government official said on Tuesday.
Committee which will draw members from judges, national and state consumer commissions, various consumer bodies, lawyers as well as ministry of consumer affairsSecretary, Ministry of Consumer Affairs, is expected within the next three months Rohit Kumar Singh told reporters here.
The officer had earlier addressed a roundtable on ‘How to effectively redress grievances related to the real estate sector’ in the city, hosted by the Department of Consumer Affairs in association with the Government of India. Maharashtra,
The problem (dispute between home buyers and the developer) can be solved to a great extent if the contract between a builder and a buyer is standardized and uniformity is brought in.
Singh said that this should be a unique document, applicable across the country, then maybe it can solve the problem to some extent.
“Hence we have decided to form a committee and document a model agreement between the buyer and the seller, who is the builder,” said Singh.
“We will definitely develop this model agreement in consultation with all the stakeholders (and) then we will submit it to the Supreme Court and send it to all the states,” he said.
He said that the Supreme Court has also directed that there should be a model agreement for the entire country and added that some states already have such a document.
According to Singh, there are over 5.5 lakh cases pending in various consumer courts in the country, with over 54,000 cases related to the housing sector alone.
According to the ministry, this backlog of cases highlights the importance of providing speedy justice and streamlining the process for homebuyers.
Delay in delivery of possession of property to homebuyers, no compensation for delay in possession to homebuyers, biased, one-sided and unfair builder-buyer agreements, not providing facilities to homebuyers as per agreement and allurement by developers and influencers Misleading advertisements were identified as one of the major problems faced by homebuyers.
The Department of Consumer Affairs has also called a meeting with the top 50 influencers Mumbai Singh asked to discuss the issue of misleading advertisement on Wednesday.
sending draft agreements to buyers before execution, clearly mentioning permissions and restrictions obtained from the competent authorities on the first page of the agreement and barring builders from launching projects before obtaining all necessary permissions and restrictions, among others, There were some major suggestions given during this. convention, according to the ministry.
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