RERA Project Transfer & Takeover

Transfer or Take Over a RERA-Registered Project with Full Compliance

A promoter may transfer or assign the majority rights and liabilities in a registered project to another promoter, or a new promoter may take over an existing project. Under RERA, such a transfer or takeover typically requires the prior written consent of a defined majority of allottees together with the approval of the Real Estate Regulatory Authority. The incoming promoter steps into the obligations of the project, so the transition must be handled carefully and transparently.

We manage project transfer and takeover compliance end to end, coordinating consent, approvals, and documentation. This connects closely with your project registration, any related modifications and changes, and the wider compliance obligations of developers. For context, see our RERA overview.

Our Transfer & Takeover Services

Transfer Structuring

Planning how rights and liabilities will be transferred.

Allottee Consent Coordination

Obtaining the required written consent of allottees.

Authority Approval Filing

Filing for the prior approval of the RERA authority.

Documentation & Agreements

Preparing transfer documents and related agreements.

Liability Transition Support

Mapping obligations passing to the incoming promoter.

Post-Transfer Compliance

Aligning the project with ongoing RERA requirements.

Our Approach

Assessing the proposed transfer or takeover
Obtaining the required written consent of allottees
Preparing transfer documents and agreements
Filing for approval from the RERA authority
Transitioning ongoing compliance to the new promoter

Benefits of a Compliant Transfer

A lawful, approved transfer of the project
Protection of allottees' rights and interests
Continuity of the project's RERA registration
Clear transition of obligations and liabilities
Transparency throughout the process
Reduced risk of disputes and objections

Why Choose Us?

Experience with project transfers and takeovers
Careful coordination of allottee consent
Accurate documentation and approval filings
Clear mapping of transitioning liabilities
Integrated with your overall project registration

Frequently Asked Questions

What is project transfer or takeover under RERA?

It is the transfer or assignment of the majority rights and liabilities in a registered real estate project from one promoter to another, where the incoming promoter takes over the project along with its obligations under RERA.

Is allottee consent required for a project transfer?

Yes. A transfer of majority rights and liabilities in a registered project generally requires the prior written consent of a defined majority of allottees, in addition to the approval of the authority, as provided under the Act and state rules.

Is RERA approval required for a project takeover?

Yes. Apart from allottee consent, the prior written approval of the Real Estate Regulatory Authority is typically required before the rights and liabilities in the project can be transferred to the incoming promoter.

What happens to obligations after a transfer?

After an approved transfer, the incoming promoter is generally required to take over and comply with the pending obligations of the project under RERA, including completing the project as per the sanctioned plans and the agreements with allottees.

What documents are needed for a project transfer?

Commonly required documents include the consent of allottees, the transfer or assignment agreement, details of the incoming promoter, the application to the authority, and supporting project documents, as prescribed by the state rules.