Gurugram, Feb. 18 -- The Real Estate Regulatory (RERA) Authority, Gurugram, has imposed a heavy penalty of Rs 50 Lakh on real estate promoter M/s Birla Estates Private Limited for violation of Section 3 of the Real Estate (Regulation and Development) Act 2016.
Section 3 of the Act states that no promoter shall advertise without registering the project.
The promoter had applied for the registration of its upcoming real estate group housing colony namely Birla Akira located at Sector 31 and 32-A, Gurguram under Section 4 of the RERA Act 2016.
The advertisement was published by the promoter while documents of the project were still under scrutiny at the Authority and registration certificate was awaited.
The Authority order said, "The regi...