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Section 72 : Factors to be taken into account by the adjudicating officer - The Real Estate (Regulation and Development) Act, 2016

What are the Factors to be taken into account by the adjudicating officer under section 72 of The Real Estate (Regulation and Development Act, 2016). Factors to be taken into account by the adjudicating officer is defined under Section 72 of the Act. Provisions under Section 72 are:

Section 72 "Factors to be taken into account by the adjudicating officer" - The Real Estate (Regulation and Development Act, 2016)

 

While adjudging the quantum of compensation or interest, as the case may be, under section 71, the adjudicating officer shall have due regard to the following factors, namely: -

(a) the amount of disproportionate gain or unfair advantage, wherever quantifiable, made as a result of the default;

(b) the amount of loss caused as a result of the default;

(c) the repetitive nature of the default;

(d) such other factors which the adjudicating officer considers necessary to the case in furtherance of justice.

 

The Real Estate (Regulation and Development) Act, 2016

Section 61 : Penalty for contravention of other provisions of this Act

Section 62 : Penalty for non registration and contravention under sections 9 and 10

Section 63 : Penalty for failure to comply with orders of Authority by promoter

Section 64 : Penalty for failure to comply with orders of Appellate Tribunal by promoter

Section 65 : Penalty for failure to comply with orders of Authority by real estate agent

 

 

Section 66 : Penalty for failure to comply with orders of Appellate Tribunal by real estate agent

Section 67 : Penalty for failure to comply with orders of Authority by allottee

Section 68 : Penalty for failure to comply with orders of Appellate Tribunal by allottee

Section 69 : Offences by companies

Section 70 : Compounding of offences

 

 

Section 71 : Power to adjudicate

Section 72 : Factors to be taken into account by the adjudicating officer

CHAPTER IX
FINANCE, ACCOUNTS, AUDITS AND REPORTS

Section 73 : Grants and loans by Central Government

Section 74 : Grants and loans by State Government

Section 75 : Constitution of Fund

 

 

Section 76 : Crediting sums realised by way of penalties to Consolidated Fund of India or State account

Section 77 : Budget accounts and audit

Section 78 : Annual Report

CHAPTER X
MISCELLANEOUS

Section 79 : Bar of Jurisdiction

Section 80 : Cognizance of Offences

Section 81 : Delegation

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