{"id":29702,"date":"2014-10-08T11:12:15","date_gmt":"2014-10-08T05:42:15","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=29702"},"modified":"2020-06-15T03:11:00","modified_gmt":"2020-06-14T21:41:00","slug":"29702-apartment-owners-in-ghaziabad-ask-for-new-builder-buyer-agreement","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/29702-apartment-owners-in-ghaziabad-ask-for-new-builder-buyer-agreement\/","title":{"rendered":"Apartment-Owners in Ghaziabad Ask for New Builder-buyer Agreement"},"content":{"rendered":"<p><strong><a href=\"https:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2014\/10\/fedaoa.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-29703\" alt=\"fedaoa\" src=\"https:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2014\/10\/fedaoa.jpg\" width=\"300\" height=\"250\" \/><\/a>Delhi\/NCR:<\/strong> In order to curb down disputes and court cases related to residential projects, flat owners in Ghaziabad have requested the Union ministry of urban development to prepare a new builder-buyer agreement.The Federation of Associations of Apartment Owners (FedAOA) had written a letter to the ministry demanding to include an annexure of true disclosure of housing project in the agreement that would comprise of information about land history, fixtures and fittings, project specifications, facilities and NOCs collected from the concerned departments.\u00a0 As per the federation, disclosures made during the agreement would eliminate the probability of manipulation by the project developer.Due to the non-transparency in the agreement, several arguments have take place between the flat owners and developers, however this initiative will help to control the situation. According to the President of FedAOA, numerous cases are pending in court regarding the disputes.\u00a0 Most of the cases which were filed were against the difference between what was guaranteed to the flat owners\u00a0\u00a0 in the agreement while booking the flat and what was finally delivered to them. Flat owners felt cheated due to this behavior of builders. Therefore the move would bring in more transparency in the process.Apart from these litigations, homebuyers in Ghaziabad have also complained about delay in project completion. Developers fail to deliver their project within the specified time.\u00a0 The federation in the letter mentioned that the agreement do not comprise of any clauses about the correct project completion date or penalties that the developers are responsible to pay, in case of project delay.According to the federation, the new builder-buyer agreement will certainly bring in transparency and change the builder and buyer relation.<span style=\"left:100%;display:inline-block;position:fixed\"><a href=\"http:\/\/rusbankinfo.ru\/\">\u0437\u0430\u0439\u043c \u043d\u0430 \u043a\u0430\u0440\u0442\u0443 \u0431\u0435\u0437 \u043e\u0442\u043a\u0430\u0437\u043e\u0432 \u043a\u0440\u0443\u0433\u043b\u043e\u0441\u0443\u0442\u043e\u0447\u043d\u043e<\/a><a href=\"http:\/\/rusbankinfo.ru\/credits.html\">\u0432\u0437\u044f\u0442\u044c \u043a\u0440\u0435\u0434\u0438\u0442 \u043e\u043d\u043b\u0430\u0439\u043d<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Delhi\/NCR: In order to curb down disputes and court cases related to residential projects, flat owners in Ghaziabad have requested the Union ministry of urban development to prepare a new builder-buyer agreement.The Federation of Associations of Apartment Owners (FedAOA) had written a letter to the ministry demanding to include an annexure of true disclosure of [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-29702","post","type-post","status-publish","format-standard","hentry","category-realty-news"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Apartment-Owners in Ghaziabad Ask for New Builder-buyer Agreement -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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