Stay updated with breaking news from Effectively Redress. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The agreement will aim to protect homebuyers from potential abuses, reduce disputes, and provide effective grievance redressal mechanism to consumers.
The committee that will draw members from judges, national and state consumer commissions, various consumer bodies, lawyers as well as from the Ministry of Consumer Affairs, is expected to be in place within the next three months, Consumer Affairs Ministry Secretary Rohit Kumar Singh said
Get latest articles and stories on Latest News at LatestLY. The government has decided to set up a committee to work on a model buyer agreement to help streamline the homebuying process and protect consumers from potential abuses, among others, a top government official said on Tuesday. Latest News | Govt to Set Up Panel to Work on Model Builder-buyer Agreement: Official.