Case Law Analysis
|Allahabad High Court
RERA Section 2(zk) & 2(zn) | Leasehold Interest Without Sale Right Excludes Lessee from Promoter Definition : Allahabad HC
Allahabad High Court rules that a lessee without the right to sell units does not qualify as a 'promoter' under RERA, as the statutory definition mandates the ability to transfer or sell units. The judgment clarifies that leasehold arrangements lacking sale rights fall outside RERA's registration requirements, impacting real estate developers and regulatory authorities.