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.

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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