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Transfer & Takeover of Projects

RERA Project Transfer & Takeover Services

Plan a project transfer, takeover or promoter change with legal and regulatory clarity.

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Local Expertise Across Southern India

Our team is well-versed in specific RERA requirements across multiple states, ensuring complete compliance.
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Karnataka
Karnataka
Andhra Pradesh
Andhra Pradesh
Telangana
Telangana
Tamil Nadu
Tamil Nadu
Kerala
Kerala
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Transfer & Takeover of Real Estate
Projects under RERA

01/03

Switching of developers or taking over a stalled project? We ensure a smooth transition with all legal aspects covered.

Whether you are looking to divest from an existing real estate project, bring in a financially or technically stronger partner, or acquire/exit a stalled development, Section 15 of RERA provides the most effective legal framework to achieve your objectives.
Consult with our experienced RERA professionals who will help you ensure your project transfer and takeover will be legally smooth and compliant.
Strategic Advisory
Evaluation and advisory for the project’s transfer or takeover based on the given circumstances
Project Preparation
Detailed audit of project status, financials, and approvals / permissions before setting up a successful transfer and takeover of the real estate project.
Drafting & Documentation
Preparation of applications, affidavits, agreements, and supporting documents.
Regulatory Compliances
Advice and assistance in getting necessary approvals, clearances, certificates from various governing bodies including the RERA authority.
Strategic Advisory
Evaluation and advisory for the project’s transfer or takeover based on the given circumstances
Project Preparation
Detailed audit of project status, financials, and approvals / permissions before setting up a successful transfer and takeover of the real estate project.
Drafting & Documentation
Preparation of applications, affidavits, agreements, and supporting documents.
Regulatory Compliances
Advice and assistance in getting necessary approvals, clearances, certificates from various governing bodies including the RERA authority.
02/03

What You Need to Know?

The increase in real estate project transfers is largely due to industry consolidation. Developers facing financial stress, lender mandates or regulatory requirements are often seen to exit projects or collaborate with larger, established promoters for project completion.
Before undertaking a transfer or takeover, promoters must have a clear understanding of the legal framework across multiple statutes to ensure compliance, protect stakeholders, and maintain customer trust.
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Common Triggers

Financial irregularities or constraints, IBC / NCLT regulations, or the lender investor mandates are the key triggers for many promoters look to exiting, collaborate or partnering opportunities.

Key Laws impacting project Transfers

Some for the foremost laws effecting project transfers are due to the stringent requirement by Property Laws, Income Tax Act, GST, RERA, Customer & Vendor contracts among others.

Increased Regulation & Transparency

To enforce best practices and increase customer transparency, RERA act has been impacting consolidation by way of transfer & takeover of projects across the real estate market staying true to the goal of the act to provide an organized and structured real estate market.

03/03

Our 4-Step Process for 'Transfer & Takeover' of Projects

Step 1

Free Expert Consultation

Detailed discussion to understand your project and confirm your project’s applicability for Transfer & Takeover of Projects—completely free of cost.

Step 2

Document Preparation

Our specialists help you gather, verify, and organize every required document—saving you time and avoiding costly mistakes.

Step 3

Accurate Application Filing

We prepare and file the application with the agreements, consents, disclosures and supporting documents required for review.

Step 4

Fast Approval & Certification

We handle all follow-ups with authorities, monitor application status, and secure your project’s approval—quickly and without stress.

Key Takeaways for Developers

Section 15 of RERA makes it mandatory to secure consent and approvals before transferring majority rights and liabilities of a project. Some state authorities like MahaRERA and KRERA have also issued circulars prescribing the procedure for such takeovers.

  • Prior written consent of
    2/3rd of allottees
  • Prior written approval from the respective state’s RERA Authority
  • Applications should be submitted only in the prescribed formats
  • List of complaints before the authority or pending litigations, court orders etc
  • CA certificates on financials of the project including money collected from customers, utilization etc.
  • Professional certificates from Architects, Engineers, Cas endorsing the status of the real estate project

Don’t Let Regulations Delay Your Project Launch.

Get coordinated legal, financial and regulatory support for a compliant project transition.











    All your questions answered

    Section 15 of the RERA Act requires prior written consent from two-thirds of the allottees and prior approval from the relevant RERA authority when a promoter transfers or assigns majority rights and liabilities to a third party.

    Requirements vary by project and authority, but commonly include declarations from incoming and outgoing promoters, legal and financial status reports, allottee consent, project approvals and supporting professional certificates.

    A project transfer can involve RERA, property law, contracts, finance, tax and other approvals. Coordinated professional support helps identify gaps and prepare consistent documentation across these requirements.