Developers can't have agreements biased against home buyers, rules SC

Biased agreements which have differing rates of penalties for builder and buyers in contravention of Consumer Act, says SC

In a move that could provide much needed relief to home buyers and level the field with the builders, the Supreme Court has held that real estate developers cannot have agreements which are biased against homebuyers. The apex court pointed out that such a contract would fall under unfair trade practices of the Consumer Protection Act.

A two-judge Bench of Justice U U Lalit and Justice Indu Malhotra was hearing a builder’s appeal against the National Consumer Disputes Redressal Commission (NCDRC)’s judgement asking it  to refund the entire cost of a flat to the buyer for inordinate delay in handing