The Real Estate (Regulation and Development) Act

Punishment for nonregistration under section 3

Penalty for contravention of section 4

Penalty for contravention of other provisions of this Act

Penalty for nonregistration and contravention under sections 9 and 10

Penalty for failure to comply with orders of Authority by promoter

Penalty for failure to comply with orders of Appellate Tribunal by promoter

Penalty for failure to comply with orders of Authority by real estate agent

Penalty for failure to comply with orders of Appellate Tribunal by real estate agent

Penalty for failure to comply with orders of Authority by allottee

Penalty for failure to comply with orders of Appellate Tribunal by allottee

Offences by companies

Compounding of offences

Power to adjudicate

Factors to be taken into account by the adjudicating officer


OFFENCES, PENALTIES AND ADJUDICATION


If any promoter provides false information or
contravenes the provisions of section 4, he shall be liable to a penalty which may extend up to five per
cent. of the estimated cost of the real estate project, as determined by the Authority.


LAWGIST

# 60 Penalty for contravention of section 4