Sunday, 14 May 2017

Offences and Penalty – under RERA Act

Provision

Promoter

Agent

Allottee

Non-registration of project/agent with RERA and continue to do so

Up to 10% of project cost and imprisonment of 3 years for continuous default

Penalty of INR10,000 per day during default tenure up to 5% of property cost

False information while making an application to REM

Up to 5% of the estimated project cost

Non-compliance with any provision of the Act

Up to 5% of the estimated project cost

Up to 5% of the property cost

Non-compliance with the aforesaid order of REM

Up to 5% of the estimated project cost

Up to 5% of cost

property cost

Up to 5% of cost

property cost

Non-compliance with the aforesaid order of the Appellate Tribunal

Up to 10% of cost and imprisonment of up of up to 3 years or both

Up to 10% of cost and imprisonment of up of up to 1 years or both

Up to 10% of cost and imprisonment of up of up to 3 years or both

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