With respect to the fact that the proponent is extended by six months from the date of origin in light of the COVID 19 pandemic, which extends the deadline for completion of projects for which the completion date is set for 23 March 2020 or after the initial date, the high-level court specified that when the accommodations were booked in November 2013, construction should be completed in 42 months, as promised in the contractor`s contract. The agreement should ideally be reviewed by a lawyer or real estate professional in order to stay safe and protect the buyer from clauses that may cause problems in the future. The Builder-Buyer agreement is of the utmost importance because it entitles you to the housing/property unit you purchase. They should consider the compensation clauses for possible delays and where complaints are filed in the event of a dispute. Previously, the court rejected the contractor`s argument that RERA prohibited the use of home buyers under the Consumer Protection Act and stated that, despite the Real Estate (Decree and Development) Act 2016, buyers could continue to turn to the Consumer Forum for Repair, including reimbursement and compensation of real estate companies, in order to delay the ownership of their homes. Another relief according to Section 13 of the Rera Act, a contractor/developer is prohibited from taking more than ten percent of the cost of the apartment without signing and registering the Builder Buyer agreement. In all cases where a contractor has taken the money above this threshold, it is not a legal act and the owner may be led to sign the owner-buyer agreement by filing a complaint with the rera authority. Read also: Home buyers can get consumer dishes for reimbursement, compensation for delays despite RERA: SC The RERA section is 11 (4) that talks about the owner-buyer agreement. Here are some of the main take-aways for you: Hello, according to rera-temporary, the owner can not take more than 10 percent as the amount of booking the entire price of the sales reflection before it BBA . It is advisable to respond with a legal reference that denies his unjust request. Homebuyers welcomed the order, saying that the head court restored the sanctity of the contractor-buyer agreement and the developers (whose projects were delayed) state of the association of the allocation or delivery of housing with the rera registration date was eliminated. When you buy a house in Thane, an agreement is reached between the buyer and Thane owner and developer.
The document contains the clauses agreed by the owner and the buyer regarding the purchase of the house. The document is called “Builder-Kuufer-Vereinbarung”. When buying a property of prestigious owners in Thane, whether for personal use or as an investment the buyer must keep this document.