Asha Kiran Sharma Highlights Structural Imbalances in Builder–Buyer Agreements in Business Standard Feature
Asha Kiran Sharma has shared her insights in a recent article published by Business Standard, analysing the evolving fairness of builder-buyer agreements and the continuing need for careful contractual scrutiny by homebuyers.
In her comments, Asha highlighted the historically one-sided nature of such agreements. “They imposed steep penalties on buyers for payment delays but offered minimal compensation for delayed possession, with vague timelines and wide force majeure clauses enabling prolonged delays. Developers could unilaterally alter plans, increase area, and levy extra charges, while terms of refund and dispute remained restrictive,” she noted.
Her observations highlight the structural imbalance that traditionally characterised real estate contracts, where risk allocation disproportionately favoured developers. Strict financial consequences for buyer defaults were often paired with limited accountability for project delays, ambiguous delivery commitments, and expansive force majeure provisions that diluted developer liability.
By entering the email address you agree to our Privacy Policy.