Penalties and Prosecutions under Real Estate (Development and Regulation) Act, 2016:
| A | Promoter | |
| i) | Contravention of the provisions of Section 3 i.e., making any invitation for sale without getting the project registered (Sec.59) | Penalty up to 10% of estimated cost of the project – For the continued default imprisonment up to three years or fine upto further 10% of the cost or both |
| ii) | Contravention of Section 4 i.e., failure to make application for registration, submitting false information, failure to keep 70% in separate bank account etc (Sec.60) | Penalty up to 5% of the estimated project cost |
| iii) | Contravention of any other provision of the Act/Rules/Regulations (Sec.61) | Penalty up to 5% of the estimated project cost |
| iv) | Failure to comply with the directions/ orders of the Regulatory Authority (Sec.63) | Penalty for every day of the default which can cumulatively go upto 5% of the estimated project cost. |
| v) | Failure to comply with the orders, decisions of the Appellate Tribunal (Sec.64) | Imprisonment upto three years or fine for every day of default which can cumulatively go upto 10% of the estimated cost. |
| B | Agent | |
| i) | Failure to comply with order or direction of the Authority (Sec.65) | Penalty for every day of the default which can cumulatively go upto 5% of the estimated cost. |
| ii) | Failure to comply with order or direction of the Tribunal (Sec.66) | Punishment with imprisonment upto one year or with fine for each day of default which can cumulatively go upto 10% of the project cost. |
| C | Allottees | |
| i) | Failure to comply with orders of the Authority | Penalty per day of the default which can cumulatively go upto 5% of the cost of Apartment etc. |
| ii) | Failure to comply with decision or orders of the Tribunal (Sec.68) | Punishment of imprisonment upto one year or with fine for each day of default cumulatively going upto 10% of the project cost or both |
Source http://accommodationtimes.com/an-overview-of-real-estate-development-and-regulation-act-2016/