SC says a uniform buyer-builder agreement is necessary

12 Jul 2024 CW Team

The Supreme Court observed on Monday that homebuyers in the country are being defrauded, necessitating the need for uniformity in builder-buyer agreements. The bench, comprising Chief Justice DY Chandrachud, Justice JB Pardiwala, and Justice Manoj Misra, noted that buyers are being defrauded by builders nationwide, which underscores the need for uniform agreements.

The observation was made while hearing a Public Interest Litigation (PIL) filed by lawyer Ashwini Upadhyay in 2021. The PIL argued that a model agreement was required to ensure transparency and fairness and to prevent builders and agents from engaging in unfair and restrictive trade practices.

Senior advocate Devashish Bharuka, assisting the bench as an amicus curiae, informed the bench that a final status report along with draft builder-buyer agreements had been placed on record. He also mentioned that suggestions from states had been received and incorporated. The bench stated that it would review the report of the amicus curiae and the objections to it.

Previously, the bench had allowed stakeholders, including industry associations, to submit their suggestions on these model agreements to the Union Ministry of Housing and Urban Affairs. The matter has been scheduled for a hearing on July 19.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..