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.
Also Read:-
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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 |
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