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What are the penalties that an intermediary would face if he fails to adhere to the mandates prescribed by the RERA?

If an intermediary violates the rules prescribed by the RERA, he will be liable to a penalty for every day of the violation caused and the sum could increase up to 5% of the total estimated cost of the unit in question. If the intermediary breaches any orders, decisions or directions given by the Appellate Tribunal, he could face imprisonment of upto 1 year or would have to pay fine for each day of violation which may extend upto 10% of total estimated cost of the unit in question