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Section 65 - Real Estate (Regulation and Development) Act, 2016
65. Penalty for failure to comply with orders of Authority by real estate agent.-
If any real estate agent, 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 plot, apartment or building, as the case may be, of the real estate project, for which the sale or purchase has been facilitated and as determined by the Authority.
Related Sections
- Section 41: Establishment of Central Advisory Council
- Section 8: Obligation of Authority Consequent upon Lapse of or on Revocation of Registration
- Section 89: Act to Have Overriding Effect
- Section 24: Salary and Allowances Payable to Chairperson and Members
- Section 33: Advocacy and Awareness Measures
Related Acts
* Only for reference.