Real estate and development
Developers, landowners, housing finance companies, contractors and individual purchasers meet the same body of law from different sides: the Real Estate (Regulation and Development) Act, 2016 and the state rules under it, the law of title and transfer, and the contracts that govern a project from the joint development agreement to the allotment letter.
Reviewed
What this covers
- RERA compliance and proceedings before the authority and the appellate tribunal
- Land acquisition disputes and compensation claims
- Title verification and property dispute litigation
- Construction contract disputes and arbitration
- Developer and allottee disputes, and homebuyer remedies
- Lease and tenancy disputes for commercial property
- Joint development agreement structuring and disputes
- Insolvency proceedings involving real estate developers
The notes behind these capabilities
Section 18(1)(a) of the Real Estate (Regulation and Development) Act, 2016 fixes liability by reference to the terms of the agreement for sale and the date specified in it. The completion date a promoter declares to the authority at registration, and any extension of that registration, belong to a different obligation and do not move the date from which interest for delay is counted. Two decisions of the Bombay High Court in 2026 applied that distinction, and both ran the clock from the agreement.
An allottee whose developer has not delivered a flat can ask, under section 18 of the Real Estate (Regulation and Development) Act, 2016 (RERA Act), either for the money back with interest or, staying in the project, for interest for every month of delay, at the rate in rule 16 of the Karnataka Real Estate (Regulation and Development) Rules, 2017, which is the State Bank of India highest marginal cost of lending rate plus two per cent. Compensation goes to an adjudicating officer under section 71, and an appeal lies to the Real Estate Appellate Tribunal within sixty days, where a promoter must first deposit the amount payable to the allottee, or at least 30 per cent of any penalty, or both, under the proviso to section 43(5). Money raised from an allottee is financial debt under section 5(8)(f) of the Insolvency and Bankruptcy Code, 2016 (IBC), so the allottee is a financial creditor under section 5(7), but a joint insolvency application needs 100 allottees of the project or 10 per cent of them, whichever is less. An allottee who bought the flat other than for a commercial purpose is a consumer under the Consumer Protection Act, 2019, and until an insolvency moratorium intervenes that route stays open alongside, before the District Commission up to INR 50 lakh paid, the State Commission up to INR 2 crore and the National Commission above that.
Reference
Regulators in this sector
Forums
Practice areas that apply
Advocates in this sector
Other notes in this sector
- The SARFAESI clock in 2026: what each stage of enforcement costs while it runs
- Corporate and Commercial Law: Legal Insights
- An NRI or OCI cardholder selling a flat in India and sending the money abroad: the rules from 1 April 2026
- When an Indian citizen living abroad is resident in India for tax: the day tests, the INR 15 lakh line and not ordinarily resident
- An heir living abroad can inherit property in India, but money leaves the country only up to USD 1 million a year without Reserve Bank approval
- One Crore of Operating Profit: The SME IPO Gate and What It Costs to Clear It
- What an Overseas Citizen of India cardholder may and may not do in India: rights, property, work and cancellation
- The Money Laundering Act Has Become an Asset Statute, Not Just a Criminal One
- A power of attorney signed abroad to sell a flat in Bengaluru: the route, the stamp clock and the limit
