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CS Executive · Economic, Commercial and Intellectual Property Laws · Real Estate Regulation and Development Law

Sunrise Homes Ltd. plans a project in a planning area and begins inviting persons to purchase apartments through hoardings before it registers the project with the Authority. Which statement is correct under the Act?

The promoter cannot advertise, market, book, sell or invite persons to purchase any plot, apartment or building in a real estate project without first registering it with the Authority, unless a statutory exemption applies. Advertising alone is not exempt.

  1. AAdvertising is allowed so long as no booking or sale is made
  2. BAdvertising is allowed if registration is applied for within three months
  3. CAdvertising and inviting persons to purchase without prior registration is prohibited, unless an exemption appliesCorrect
  4. DAdvertising needs registration only if the project has more than fifty apartments

Explanation

Section 3(1) bars a promoter from advertising, marketing, booking, selling, offering for sale or inviting persons to purchase without registering the project. The three-month window applies only to ongoing projects at commencement, so the second option is wrong.

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