Non-compliance with RERA rules will attract penalties for all stakeholders including developers, promoters, agents and buyers. The builder/promoter will be liable to a penalty of 10 percent of the estimated cost of the project if they fail to register as per the Act.
Some Points Under Real Estate Regulation and Development (RERA) Security: Under the RERA act, a minimum of 70% of the buyers' and investors' money will be kept in a separate account. This money will then be allotted to the builders only for construction and land-related costs.