Homebuyers’ guide: What you need to know about arbitrary payment clauses in builder agreements
In 2022, Ramesh Mehta booked an under-construction apartment in Pune. His builder-buyer agreement stated that each instalment would be due on “completion of the corresponding construction milestone or 60 days from the date of booking, whichever is earlier.” The second instalment was tied to the completion of the first-floor slab. However, the builder demanded payment […]