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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 44: Application for Settlement of Disputes and Appeals to Appellate Tribunal
- Section 18: Return of Amount and Compensation
- Section 75: Constitution of Fund
- Section 54: Administrative Powers of Chairperson of Appellate Tribunal
- Section 62: Penalty for Nonregistration and Contravention Under Sections 9 and 10
Related Acts
- Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
- Aadhaar (Targeted Delivery of Financial and other Subsidies, Benefits and Services) Act, 2016
- Institute of Teaching and Research in Ayurveda Act, 2020
- Taxation Laws (Amendment) Act, 2016
- Code on Social Security Act, 2020
* Only for reference.