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Supreme Court Directs Real Estate Developers Not to Restrict Homebuyers with One-sided Agreement

Supreme Court Directs Real Estate Developers Not to Restrict Homebuyers with One-sided Agreement
By
siliconindia | Tuesday, 12 January 2021, 14:00 Hrs
The Supreme Court on January 12 observed that a real estate developer cannot compel homebuyers to be bound by one-sided contractual terms contained in the Apartment Buyer s Agreement. The apex court held that incorporation of such unreasonable clauses in the agreement constitutes an unfair trade practice under the Consumer Protection Act.
The supreme court states, “The terms of the Apartment Buyer‘s Agreement are oppressive and wholly one-sided, and would constitute an unfair trade practice under the Consumer Protection Act, 1986. In view of the above, we hold that the developer cannot compel the apartment buyers to be bound by the one-sided contractual terms contained in the Apartment Buyer‘s Agreement.” ....

Indu Malhotra , Indira Banerjee , National Consumer Disputes Redressal Commission , Supreme Court On , Supreme Court , Apartment Buyer , Consumer Protection , Consumer Protection Act , Ireo Grace Realtech , National Consumer Disputes Redressal , Ireo Grace , Home Buyers , One Sided , இன்டூ மல்ஹோத்ரா , இந்திரா பானர்ஜி , தேசிய நுகர்வோர் சச்சரவுகள் நிவாரணம் தரகு , உச்ச நீதிமன்றம் ஆன் , உச்ச நீதிமன்றம் , அடுக்குமாடி இல்லங்கள் வாங்குபவர் , நுகர்வோர் ப்ரொடெக்ஶந் , நுகர்வோர் ப்ரொடெக்ஶந் நாடகம் , ஈரேோ கருணை றேஅழுத்ெச் , தேசிய நுகர்வோர் சச்சரவுகள் நிவாரணம் , ஈரேோ கருணை , வீடு வாங்குபவர்கள் , ஒன்று பக்க ,

SC To Real Estate Developers: Cannot Compel Homebuyers To Be Bound By One-sided Agreements

SC to real estate developers: Cannot compel homebuyers to be bound by one-sided agreements
Supreme Court also holds that incorporation of unreasonable clauses in the agreement constitutes an unfair trade practice under the Consumer Protection Act; clarifies that buyers have the right to choose one remedy in case “two concurrent remedies” are available
Supreme Court
The Supreme Court on January 12 observed that a real estate developer cannot compel homebuyers to be bound by one-sided contractual terms contained in the Apartment Buyer s Agreement. The apex court held that incorporation of such unreasonable clauses in the agreement constitutes an unfair trade practice under the Consumer Protection Act. ....

Indu Malhotra , Yudhisht Singh , Aditya Parolia , Indira Banerjee , Supreme Court , National Commission , National Consumer Disputes Redressal Commission , Supreme Court On , Apartment Buyer , Consumer Protection , Consumer Protection Act , Ireo Grace Realtech , National Consumer Disputes Redressal , Ireo Grace , Apartment Buyers , Real Estate , Building Plans , Apartment Buyer Agreement , Home Buyers , Covid 19 , Consumer Court , Apartment Buyers Agreement , இன்டூ மல்ஹோத்ரா , இந்திரா பானர்ஜி , உச்ச நீதிமன்றம் , தேசிய தரகு ,