Supreme Court: Nationwide Uniform Builder-Buyer Agreement Needed

10 Jul 2024 CW Team

The Supreme Court of India has highlighted the importance of implementing a uniform builder-buyer agreement across the country. This move is aimed at protecting homebuyers from fraudulent practices and ensuring transparency in real estate transactions. The court emphasised that a standardised agreement would help prevent exploitation by unscrupulous builders, providing a consistent framework for transactions. The decision comes in response to increasing complaints from homebuyers about delays, hidden charges, and other malpractices by builders. The bench, led by Justice D.Y. Chandrachud, pointed out that a uniform agreement would include clear terms on project timelines, penalties for delays, and specifications for construction quality. This would help safeguard the interests of homebuyers and promote fairness in the real estate market. Currently, the lack of a standardised agreement allows builders to include terms that may be disadvantageous to buyers. A uniform agreement would eliminate ambiguities and ensure that all parties are aware of their rights and obligations from the outset.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..