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Section 63 - Real Estate (Regulation and Development) Act, 2016
63. Penalty for failure to comply with orders of Authority by promoter.-
If any promoter, who fails to comply with, or contravenes any of the orders or directions of the Authority, he shall be liable to a penalty for every day during which such default continues, which may cumulatively extend up to five per cent., of the estimated cost of the real estate project as determined by the Authority.
Related Sections
- Section 35: Powers of Authority to Call for Information, Conduct Investigations
- Section 84: Power of Appropriate Government to Make Rules
- Section 68: Penalty for Failure to Comply with Orders of Appellate Tribunal by Allottee
- Section 56: Right to Legal Representation
- Section 72: Factors to be Taken into Account by the Adjudicating Officer
Related Acts
- Assisted Reproductive Technology (Regulation) Act, 2021
- Prohibition of Electronic Cigarettes (Production, Manufacture, Import, Export, Transport, Sale, Distribution, Storage and Advertisement) Act, 2019
- Taxation Laws (Second Amendment) Act, 2016
- Dadra and Nagar Haveli and Daman and Diu (Merger of Union Territories) Act, 2019
- Central Goods and Services Tax (Amendment) Act, 2018
* Only for reference.