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Karnataka government to provide rules on Agreement for Sale

Dated on: Saturday 7th October 2017

The Karnataka Government will soon notify the rules on the Agreement for Sale which will protect the rights of homebuyers and ensure them of proper deliveries of their homes. The real estate developers of the state had been waiting for the final rules for the Agreement as it was difficult for them to convince buyers to purchase homes without the updated Agreement for Sale. The Agreement will also ensure that the said amenities are provided by the builders and compensation is provided if there is a delay in delivery.

The secretary of Karnataka RERA also informed that the final rules for the Agreement will be sent to the law department for approval this week. 

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