Real Estate (Regulation and Development) Act, 2016
Section 18—Refund of amount and interest—Liability of Promoter—Joint venture real estate project—A promoter who has not received any consideration  from an allottee is also liable to give refund with interest under  HYPERLINK "https://indiankanoon.org/doc/85848916/" \h Section 18 of the Real Estate (Regulation and Development) Act.
[Paras 21 to 28]