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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 17: Transfer of Title
- Section 90: Protection of Action Taken in Good Faith
- Section 57: Orders Passed by Appellate Tribunal to be Executable as a Decree
- Section 3: Prior Registration of Real Estate Project with Real Estate Regulatory Authority
- Section 12: Obligations of Promoter Regarding Veracity of the Advertisement or Prospectus
Related Acts
* Only for reference.