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Section 63 - Real Estate (Regulation and Development) Act, 2016
63. Penalty for failure to comply with orders of Authority by promoter.-
If any promoter, who fails to comply with, or contravenes any of the orders or directions of the Authority, he shall be liable to a penalty for every day during which such default continues, which may cumulatively extend up to five per cent., of the estimated cost of the real estate project as determined by the Authority.
Related Sections
- Section 82: Power of Appropriate Government to Supersede Authority
- Section 28: Officers and Other Employees of Authority
- Section 3: Prior Registration of Real Estate Project with Real Estate Regulatory Authority
- Section 71: Power to Adjudicate
- Section 59: Punishment for Nonregistration Under Section 3
Related Acts
- Personal Laws (Amendment) Act, 2019
- Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts (Amendment) Act, 2018
- National Forensic Sciences University Act, 2020
- Coal Mines (Special Provisions) Act, 2015
- National Institutes of Food Technology, Entrepreneurship and Management Act, 2021
* Only for reference.