Section 60 of The Real Estate (Regulation and Development) Act, 2016. in hindi
If any promoter provides false information or contravenes the provisions of section 4, he shall be liable to a penalty which may extend up to five per cent. of the estimated cost of the real estate project, as determined by the Authority.
Summary
- This provision punishes builders who lie or provide incorrect information in their project applications.
- It also covers any other break of the rules found in Section 4 of the law.
- Section 4 lists all the documents and details a builder must provide when they apply to register a project.
- Like other fines, the Regulatory Authority decides the project's estimated cost for calculation.
Practical examples
FAQ
1. What is the penalty for false information under Section 60 of The Real Estate (Regulation and Development) Act, 2016?
Under Section 60 of The Real Estate (Regulation and Development) Act, 2016, the penalty for providing false information or breaking Section 4 rules can extend up to five per cent of the project's estimated cost.
2. Does Section 60 of The Real Estate (Regulation and Development) Act, 2016 apply to the registration application?
Yes, Section 60 of The Real Estate (Regulation and Development) Act, 2016 specifically penalizes the contravention of Section 4, which deals with the application for project registration.
Test yourself
Q1.Under Section 60 of The Real Estate (Regulation and Development) Act, 2016, what is the maximum penalty for providing false information?
Q2.Section 60 of The Real Estate (Regulation and Development) Act, 2016 specifically penalizes the contravention of which other section?
Q3.Under Section 60 of The Real Estate (Regulation and Development) Act, 2016, what kind of information triggers a penalty?
Q4.If a builder registers under Section 3 but lies about project details in the Section 4 application, which penalty applies under The Real Estate (Regulation and Development) Act, 2016?