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ARTICLE · 03 OCTOBER 2022

RERA Act 2016- Part III

Khurana & Khurana, Advocates and IP Attorneys
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Earlier builders, promoters and agents used to cheat and malpractice with buyers but now it is not possible for them.

IndiaReal Estate and Construction
Jatin Chaddha
Jatin Chaddha
Chhavi Pande
Chhavi Pande
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This is Part 3 of 3 part blog series of RERA Act, 2016 in which we will cover various penalties and offences and finance, accounts and audit reports under this Act.

In Part 1 we have discussed what is RERA, registration and revocation of Real estate projects, Functions, powers and duties of promoters & allottees.

In Part 2 we have discussed the composition, powers & functions of Real Estate Regulatory Authority & Real Estate Appellate Tribunal.

Penalties are imposed so that the laws which are enforced for the betterment of society and for general public can be fully utilized. Penalties acts as a deterrence as the person is punished not only for the illegal act which he has committed but also to ensure that no such illegal acts to commit again. In the same manner there are various penalties under RERA for the non-compliance of the various provisions of the Act.

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