Pro-consumer bill aims to regulate builders in India

By Amitabh Chaturvedi and Ekta Sukhramani, Mine & Young

The Indian government’s Real Estate (Development & Regulation) Bill aims to protect the interests of home buyers by regulating and bringing transparency to real estate transactions. The bill has been greeted with delight and appreciation from consumers and end-users, and criticism from builders and developers.

Amitabh Chaturvedi Managing partner Mine & Young
Amitabh Chaturvedi
Managing partner
Mine & Young

Various statutes are currently available for the redressal of grievances of real estate buyers, including the Indian Penal Code, the Indian Contract Act, the Competition Act and the Consumer Protection Act.

Agreements signed between developers and end-users are covered by the Contract Act, any breach of which may result in severe penalties. Consumers also have the right to file a civil suit or a petition before a district or state consumer disputes redressal commission under the Consumer Protection Act and claim compensation or the allotment of a similar property in an alternative location.

You must be a subscribersubscribersubscribersubscriber to read this content, please subscribesubscribesubscribesubscribe today.

For group subscribers, please click here to access.
Interested in group subscription? Please contact us.



Amitabh Chaturvedi is the managing partner of Mine & Young, where Ekta Sukhramani is an associate.


C-346, Defence Colony

New Delhi – 110 024


Telephone: +91 11 2433 7572, +91 11 2433 7573

Fax: +91 11 2433 7574