What happens if the Authority revokes the registration of a project?

  • The Authority shall bar the promoter from accessing its website
  • It will specify the promoter’s name and photograph in the defaulters list
  • Inform the Authorities in other states and union territories about such revocation
  • Freeze the separate bank account where 70% amount is deposited
  • On consulting with the State Government, the Authority may ask the association of allottees or the competent Authority or any other promoter to complete the remaining work in the said project
  • May pass any other orders it deems fit