While a developer is allowed to sell the project to another investor he can do so only by taking written approval of 2/3rd of the project’s consumers and also the prior approval of the Real Estate Regulatory Authority (RERA). Again, if a consumer or his family or by other means holds more than one unit in a project he is considered as one consumer only. Also, the Real Estate Regulatory Authority (RERA) needs to be informed of such a sale and the developer who is buying then assumes all the rights and liabilities as the previous promoter of the project (including project delivery timelines and other such matters).