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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 59: Punishment for Nonregistration Under Section 3
- Section 60: Penalty for Contravention of Section 4
- Section 83: Powers of Appropriate Government to Issue Directions to Authority and Obtain Reports and Returns
- Section 90: Protection of Action Taken in Good Faith
- Section 14: Adherence to Sanctioned Plans and Project Specifications by the Promoter
Related Acts
* Only for reference.