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Section 8 – Obligation Of Authority Consequent Upon Lapse Of Or On Revocation Of Registration

The Real Estate (Regulation and Development) Act, 2016.

CHAPTER II: REGISTRATION OF REAL ESTATE PROJECT AND REGISTRATION OF REAL ESTATE AGENTS

Section 8: Obligation Of Authority Consequent Upon Lapse Of Or On Revocation Of Registration

Bare Act

Upon lapse of the registration or on revocation of the registration under this Act, the Authority, may consult the appropriate Government to take such action as it may deem fit including the carrying out of the remaining development works by competent authority or by the association of allottees or in any other manner, as may be determined by the Authority:

  • Provided that no direction, decision or order of the Authority under this section shall take effect until the expiry of the period of appeal provided under the provisions of this Act:
  • Provided further that in case of revocation of registration of a project under this Act, the association of allottees shall have the first right of refusal for carrying out of the remaining development works.

Simplified Act and examples below are previews.

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Simplified Act

If a real estate project's registration ends or is cancelled, the Real Estate Authority can work with t

Explanation using examples

Imagine a scenario where a real estate developer, XYZ Developers, is working on a housing project called "Dream Heights". The project was supposed to be completed by December 2021, but it's now Ma