Allottee

uh-LOT-ee

A person to whom a plot, apartment, or building has been allotted, sold, or otherwise transferred by a promoter under a RERA-registered real estate project — with specific statutory rights against the promoter.

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Definition

Flat Buyer Home Buyer Section 2(d) RERA Allottee

A person to whom a plot, apartment, or building has been allotted, sold, or otherwise transferred by a promoter under a RERA-registered real estate project — with specific statutory rights against the promoter.

Under the Real Estate (Regulation and Development) Act, 2016 (RERA), an 'allottee' is the buyer of a unit in a RERA-registered project. RERA gives allottees specific rights: (a) right to obtain information about the approved plans, layout plan, government approvals, and proforma of the agreement (Section 11(3)(a)); (b) right to obtain stage-wise completion certificate (Section 19(5)); (c) right to claim possession of the unit as per the agreement; (d) right to claim refund with interest (currently 2% above MCLR/SBI PLR) if the project is delayed; and (e) right to refer disputes to the Real Estate Regulatory Authority (RERA authority) and the Real Estate Appellate Tribunal.

Statutory Definition

Section 2(d), Real Estate (Regulation and Development) Act, 2016: 'allottee' in relation to a real estate project, means the person to whom a plot, apartment or building, as the case may be, has been allotted, sold (whether as freehold or leasehold) or otherwise transferred by the promoter, and includes the person who subsequently acquires the said allotment through sale, transfer or otherwise but does not include a person to whom such plot, apartment or building, as the case may be, is given on rent.

Etymology & Origin

From 'allot' (from Old French 'aloter' — to assign by lot, to distribute shares) + '-ee' (recipient suffix). An allottee is the person to whom a real estate unit is 'allotted' — assigned or distributed by the promoter/developer.

Full Legal Analysis

This Term in Indian Statutes

RERA 2(d)
neutral

Real Estate (Regulation and Development) Act, 2016, 2016

"'allottee' in relation to a real estate project, means the person to whom a plot, apartment or building, as the case may be, has been allotted, sold or otherwise transferred by the promoter, and includes the person who subsequently acquires the said allotment through sale, transfer or otherwise."

Statutory definition of allottee — buyer of RERA-registered project unit with specific rights

Other Legislation

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