SC Emphasises Need for Uniform Buyer-Builder Agreement

11 Jul 2024 CW Team

The Supreme Court has underscored the urgency of implementing a uniform model builder-buyer agreement across India to safeguard homebuyers from fraudulent practices. The move aims to standardise contractual terms between real estate developers and buyers, ensuring transparency and protecting consumers' interests in property transactions.

Recent cases of homebuyer fraud have highlighted discrepancies and unfair practices in existing builder-buyer agreements, prompting the Supreme Court to advocate for a standardised approach. The uniform agreement would establish clear guidelines on payment schedules, project timelines, quality standards, and dispute resolution mechanisms, enhancing clarity and accountability in real estate transactions.

The Supreme Court's directive emphasises the need for regulatory measures to prevent exploitation of homebuyers and restore trust in the real estate sector. It seeks to address longstanding grievances related to delays in project completion, changes in building plans, and other issues that have plagued the industry.

The adoption of a uniform model agreement is expected to streamline the home buying process, minimise legal disputes, and provide a structured framework for resolving conflicts between developers and buyers. It is viewed as a pivotal step towards promoting fairness and ensuring a level playing field in the real estate market.

Stakeholders, including real estate developers, consumer advocates, and regulatory authorities, are expected to collaborate in finalising and implementing the uniform agreement to uphold consumer rights and foster a more transparent and accountable real estate ecosystem across the country.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..