LawgistThe Real Estate (Regulation and Development) Act
59Punishment for nonregistration under section 3
(1) If any promoter contravenes the provisions of section 3, he shall be liable to a penalty which may extend up to ten per cent. of the estimated cost of the real estate project as determined by the Authority.
(2) If any promoter does not comply with the orders, decisions or directions issued under sub-section (1) or continues to violate the provisions of section 3, he shall be punishable with imprisonment for a term which may extend up to three years or with fine which may extend up to a further ten per cent. of the estimated cost of the real estate project, or with both.
Download our fully-offline, High speed android app.- Click here
OFFENCES, PENALTIES AND ADJUDICATION
- 59 Punishment for nonregistration under section 3
- 60 Penalty for contravention of section 4
- 61 Penalty for contravention of other provisions of this Act
- 62 Penalty for nonregistration and contravention under sections 9 and 10
- 63 Penalty for failure to comply with orders of Authority by promoter
- 64 Penalty for failure to comply with orders of Appellate Tribunal by promoter
- 65 Penalty for failure to comply with orders of Authority by real estate agent
- 66 Penalty for failure to comply with orders of Appellate Tribunal by real estate agent
- 67 Penalty for failure to comply with orders of Authority by allottee
- 68 Penalty for failure to comply with orders of Appellate Tribunal by allottee
- 69 Offences by companies
- 70 Compounding of offences
- 71 Power to adjudicate
- 72 Factors to be taken into account by the adjudicating officer
