The law allows authorities to impose penalties and imprisonment. It can also revoke registration, in case of proven violations. In recent years, the updated “RERA 2.0” emphasises transparency and faster grievance redressal.
This regulatory framework offers an added layer of security to developers as well as buyers, making the process more transparent.
Sources:
Real Estate (Regulation and Development) Act, 2016 – Sections 9, 10, 62, 65, 66
India Filings (legal compliance summary)
Lawbhoomi (RERA penalties overview)
Lawfinity & legal summaries of RERA provisions