Blog
A combined buyers’ association has never really taken off in India. In real estate the government sponsored cooperative housing concept did proliferate during the socialist years but it has since died down. In the US, buyers get together on the Internet and negotiate with manufacturers of televisions, music systems and other goods to buy nearly 40 per cent cheaper.
This concept can be applied to Indian real estate. In fact, given the state of affairs, it should be exercised by the buyer now.
The laws framed under the Indian Contract Act don’t seem to apply to buying Indian real estate. The law says there has to be an offer and as a result an acceptance of the offer.
Category : Blog
