Punishment for Non-Registration - RERA
Section 59, 60 and 62 of the Act provides the punishment to the promoters and the real estate agents for non-registration under Rera.
Below is a table describing the penalty and imprisonment-
|Section||Sub-Section||Punishment receiver||Conditions for Punishment||Penalty||Imprisonment||Punishment Clubbing|
|59||(1)||Promoter||If promoter contravenes Section 3||The amount may extend up to 10% of the estimated cost of the real estate project.||NIL||Only fine|
|(2)||If promoter not follows the order, decisions or directions issued under sub-section (1)||Amount as stated under sub-section (1) + amount which may further extend up to 10% of the estimated cost of the real estate project.||The term of imprisonment may extend up to 3 years.||Either fine or imprisonment or both.|
|60||NA||Promoter||If Promoter provides false information under section 4.||The amount may extend up to 10% of the estimated cost of the real estate project.||NA||Only fine|
|62||NA||Real Estate Agent||If any real estate agent fails to comply with Section 9 and 10 of the Act.||Amount of ₹ 10000 every day during which such default continues. It may extend up to 5% of the estimated cost of the real estate project.||NA||Only fine|