Type of Non-Compliance<\/strong><\/td>Penalty<\/strong><\/td><\/tr>| Non-registration of project<\/td> | Up to 10% of the estimated cost of the real estate project.<\/td><\/tr> | | Providing false information<\/td> | Up to 5% of the estimated cost of the real estate project.<\/td><\/tr> | | Non-compliance with orders of RERA<\/td> | Daily penalty which may cumulatively extend up to 5% of the estimated cost of the project.<\/td><\/tr> | | Non-compliance with orders of Appellate Tribunal<\/td> | Imprisonment up to 3 years or a fine up to 10% of the estimated cost of the project, or both.<\/td><\/tr> | | Non-registration by real estate agents<\/td> | Penalty of \u20b910,000 for every day during which the default continues, which may extend up to 5% of the cost of the plot, apartment, or building, as the case may be, of the real estate project.<\/td><\/tr> | | Non-compliance by real estate agents<\/td> | Daily penalty which may cumulatively extend up to 5% of the estimated cost of the plot, apartment, or building.<\/td><\/tr> | | Non-compliance with orders of RERA by real estate agents<\/td> | Penalty for each day during which such default continues, which may cumulatively extend up to 5% of the estimated cost of the plot, apartment, or building, as the case may be, of the real estate project.<\/td><\/tr> | | Non-compliance with orders of the Appellate Tribunal by real estate agents<\/td> | Imprisonment up to 1 year or a fine up to 10% of the estimated cost of the plot, apartment, or building, as the case may be, of the real estate project, or both.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n <\/p>\n\n\n\n <\/span>Conclusion<\/span><\/h2>\n\n\n\nSecuring RERA registration is a legal compulsion for real estate developers, promoters, and agents. After securing the registration, the license holder must abide by the norms cited under the RERA Act to stay compliant. Any non-conformity can expose license-holder to stringent penalties, including hefty monetary fine and jail-term ranging from 1 to 3 years.<\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" RERA Registration plays a vital role in bringing trust and transparency to India\u2019s fast-growing real estate sector. Real estate has seen massive growth in the last decade due to higher income levels, urban development, and changing lifestyles. However, this growth also led to several unfair practices that harmed homebuyers. For many years, buyers faced issues […]<\/p>\n","protected":false},"author":8,"featured_media":2701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[468],"tags":[467,469,470],"class_list":["post-2700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rera","tag-rera-registration","tag-rera-registration-for-buyers","tag-rera-registration-for-promoters"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/advisou.com\/blog\/wp-json\/wp\/v2\/posts\/2700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/advisou.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/advisou.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/advisou.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/advisou.com\/blog\/wp-json\/wp\/v2\/comments?post=2700"}],"version-history":[{"count":5,"href":"https:\/\/advisou.com\/blog\/wp-json\/wp\/v2\/posts\/2700\/revisions"}],"predecessor-version":[{"id":6735,"href":"https:\/\/advisou.com\/blog\/wp-json\/wp\/v2\/posts\/2700\/revisions\/6735"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/advisou.com\/blog\/wp-json\/wp\/v2\/media\/2701"}],"wp:attachment":[{"href":"https:\/\/advisou.com\/blog\/wp-json\/wp\/v2\/media?parent=2700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/advisou.com\/blog\/wp-json\/wp\/v2\/categories?post=2700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/advisou.com\/blog\/wp-json\/wp\/v2\/tags?post=2700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} | | |