Working on solving homebuyers’ issue: Centre to Supreme Court

New Delhi: The Centre on Thursday told the Supreme Court that it is working on amending laws that will favour homebuyers who are waiting to possess their flats after major realtors failed to deliver them.

The Central Government said that it was working on an ordinance to address the grievances of homebuyers and sought more time from the court.

The government apprised the new proposed developments and amendments which will have a direct affect on the resolution process and may favourably work in the interest of all. The government said the amendments were yet to be notified.

A bench comprising Justices AM Khanwilkar and Dinesh Maheshwari said the court had to see the final amendment and its impact and listed the matter for August 1. The counsel representing homebuyers’ expressed concern that Jaypee Infratech Ltd (JIL) going into the liquidation could deliver a blow to their hopes.

The counsel of homebuyers’ cited Unitech homebuyers case wherein the government indicated taking over the stalled projects. It sought a similar relief in Jaypee’s case. The apex court has asked the Centre to come up with a solution to protect the interests of homebuyers. (IANS)

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