https://www.taxtmi.com/caselaws?id=469123 An ongoing real estate project without a completion certificate remains subject to mandatory registration under the Real Estate (Regulation and Development) Act, 2016, and the promoter must register it. The Act also bars a promoter from accepting more than 10% of the apartment cost as advance before a written agreement for sale; a promoter who breaches that prohibition cannot use its own default to defeat the allottee's refund remedy with interest. The refund claim lies before the Regulatory Authority, while compensation depends on the statutory conditions and was not available where the allottee withdrew from the project. en-us Thu, 14 Jul 2022 00:00:00 +0530 Wed, 03 Jun 2026 11:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469123 An ongoing real estate project without a completion certificate remains subject to mandatory registration under the Real Estate (Regulation and Development) Act, 2016, and the promoter must register it. The Act also bars a promoter from accepting more than 10% of the apartment cost as advance before a written agreement for sale; a promoter who breaches that prohibition cannot use its own default to defeat the allottee's refund remedy with interest. The refund claim lies before the Regulatory Authority, while compensation depends on the statutory conditions and was not available where the allottee withdrew from the project. Case-Laws Indian Laws Thu, 14 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469123