23/05/2026
As the real estate landscape continues to evolve, one thing remains unchanged: the importance of adhering to regulatory frameworks. A recent ruling by the Haryana Real Estate Appellate Tribunal has reaffirmed the mandatory pre-deposit requirement for promoters challenging refund orders under Section 43(5) of the Real Estate (Regulation and Development) Act, 2016.
This decision serves as a stark reminder of the consequences of non-compliance with statutory obligations. The Tribunal's ruling underscored the constitutional validity of differential treatment between promoters and homebuyers, emphasizing the need for promoters to meet their regulatory responsibilities head-on. As we navigate the complexities of real estate law, the question remains: can promoters effectively balance their interests with the need to protect homebuyers' rights?