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Can the Promoter be changed of the Project of your new home/office etc?

Can the Promoter be changed of the Project of your new home/office etc?



The Promoter can transfer the development rights to Third-Party but needs to get prior consent of ⅔rd of existing buyers and also written approval of MahaRERA.



However, the compliance by such new Promoter has to be done independently.



Such transfer doesnt impliedly extend the registration of the project.



Looking for more such advice? Or, RERA consultation on your new home? Contact us today!



The information relayed in this blog should not be construed as legal advice. The applicability of information varies on the basis of the circumstances of each case. But feel free to call us for similar advice.



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