State the penalty to be imposed in the following cases as per the provisions of the Real Estate (Regulation and Development) Act, 2016: A Housing Scheme Project was launched by XYZ Ltd. The Promoters of the company start

As per Section 3 of the Real Estate (Regulation and Development) Act, 2016, no promoter shall advertise, market, book, sell or offer for sale, or invite persons to purchase in any manner any plot, apartment or building, as the case may be, in any real estate project or part of it, in any planning area, without registering the real estate project with the Real Estate Regulatory Authority established under this Act. As per Section 59 of the RERA, if the promoter fails to do the same, he shall be liable to a penalty up to ten percent of the estimated cost of the real estate project. However, in case the promoter consistently defaults or does not comply with the directions and orders of the Authority as regards registration of the project with the Authority, he shall be liable to additional fine of ten percent of the estimated cost of the real estate project or imprisonment up to 3 years or with both.