Quick Navigation
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 92: Repeal
- Section 69: Offences by Companies
- Section 35: Powers of Authority to Call for Information, Conduct Investigations
- Section 8: Obligation of Authority Consequent upon Lapse of or on Revocation of Registration
- Section 14: Adherence to Sanctioned Plans and Project Specifications by the Promoter
Related Acts
* Only for reference.