Landowners as Promoters Under MOFA: Bombay High Court Clarifies Deemed Conveyance and Lessor Obligations

Highlights of the Judgment:
- Detailed examination of whether a lessor-landowner qualifies as a promoter under Section 2(c) of MOFA due to active construction participation.
- Scope of statutory obligations under Section 11 of MOFA regarding unilateral deemed conveyance of land and buildings.
- Legal effect of lease agreements providing for building vesting and material specifications on landowner liability.
- Analysis of whether prior assignment of leasehold rights constitutes complete fulfillment of promoter obligations.
- Application of the doctrine that there is no estoppel against statutory mandates under real estate legislation.