Land Owners, Investors having Area, Revenue Share in Real Estate Project to be treated as Promoter: Goa RERA

Goa RERABy Accommodation Times Bureau

GOA

Goa Real Estate Regulatory Authority (GoaRERA), vide Circular, has clarified the definition of the term ‘Promotor’ as defined under Section 2(zk) of the Real Estate (Regulation and Development) Act, 2016,

The GoaRERA Authority has clarified as follows:

‘Promoter” means, — (i) a person who constructs or causes to be constructed an independent building or a building consisting of apartments, or converts an existing building or a part thereof into apartments, for the purpose of selling all or some of the apartments to other persons and includes his assignees; or





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