It's important to have model builder-buyer agreement: Supreme Court

The bench said that it is an interesting matter as it has earlier dealt with Real Estate Regulations Act and knows its importance

The Supreme Court Monday said it is important for the country to have a model builder-buyer agreement in the real estate sector for consumer protection because developers try to put numerous clauses in it, which common people may not be aware of.

A bench of Justices D Y Chandrachud and B V Nagarathna issued notice to the Centre on the plea and sought its response.

It is very important for consumer protection, because builders try to put any number of clauses in the agreement which common people may not be aware of. There should be some uniformity in the agreement. It is