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 |
Sunday, 14 May 2017
Offences and Penalty – under RERA Act
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment