Validity Of Builder Buyer Agreement

“In reality, the developers refuse to change the provisions of the agreement and argue that it is a standard document,” said Bibhash Surya, head of Sri Sai Dreamlands, a Real Estate Consultancy based in Noida. “The buyer usually has no choice but to move away from highly toxic contracts.” The agreement stipulates that the client will offer ownership of the apartment (usually) within 36-42 months of the “start of construction”. Please note that it is not indicated that the property will be offered within the time limits indicated from the date of booking. The start of the work is left to the discretion of the contracting authority. Some developers take the liberty of considering the start of work after the completion of excavation work. Home buyers who buy apartments or apartments from owners have little choice but to accept for sale the standard contract designed by developers. . . .