Rera News

What is the penalty for violating any order of RERA?

What is the penalty for violating any order of RERA?

When a real estate developer or builder violates any order of RERA, he must pay a daily penalty of up to 5% of the estimated cost of the real estate project.

Related FAQs

What is Promoter under RERA Act?
The definition of promoter includes private and government bodies that…
Read More
Does RERA also cover rental arrangements?
No. RERA does not cover rental arrangements across all states…
Read More
Should I pay for a super built-up area?
No. The builder cannot charge for the super built-up area.
Read More
What do I need to submit for each withdrawal from a RERA Escrow account?
Withdrawals from the RERA Escrow account must be certified by…
Read More
What is a RERA bank account?
RERA Bank Account is a separate bank account maintained by…
Read More
Is RERA a legal entity?
The Act establishes the Real Estate Regulatory Authority (RERA) for…
Read More

Latest RERA News

View More

© 2023 Rera News. All rights reserved.