{"act":{"id":"real-estate-regulation-development-act-2016-tripura","short_title":"The Real Estate (Regulation And Development ) Act, 2016","long_title":null,"act_number":"17","act_year":2016,"enact_date":null,"enforcement_date":null,"ministry":null,"department":null,"jurisdiction":"Tripura","unit":"section","section_count":88,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":"real-estate-regulation-development-act-2016","text_source":"ocr","scan_url":"https://indiacode.ecourtsindia.com/scan/9eb16613-5e29-449e-8359-e377da79b39b.pdf","url":"https://indiacode.ecourtsindia.com/real-estate-regulation-development-act-2016-tripura/"},"unit":"section","section":{"number":"12","heading":null,"text":"Where any person makes an advance or a deposit on the basis of the information contained in the notice advertisement or prospectus, or on the basis of any model apartment, plot or building, as the case may be, and sustains any loss or damage by reason of any incorrect, false statement included therein, he shall be compensated by the promoter in the manner as provided under this Act: e Provided that if the person affected by such incorrect, false statement contained in the notice, advertisement or prospectus, or the model apartment, plot or building, as the case may be, intends to withdraw from the proposed project, he shall be returned his entire investment along with interest at such rate as may be prescribed and the compensation in the manner provided under this Act. No deposit or advance to be taken by promoter without first entering into agreement for sale.","html":"<p>Where any person makes an advance or a deposit on the basis of the information contained in the notice advertisement or prospectus, or on the basis of any model apartment, plot or building, as the case may be, and sustains any loss or damage by reason of any incorrect, false statement included therein, he shall be compensated by the promoter in the manner as provided under this Act: e Provided that if the person affected by such incorrect, false statement contained in the notice, advertisement or prospectus, or the model apartment, plot or building, as the case may be, intends to withdraw from the proposed project, he shall be returned his entire investment along with interest at such rate as may be prescribed and the compensation in the manner provided under this Act. No deposit or advance to be taken by promoter without first entering into agreement for sale.</p>","words":149,"text_source":"ocr"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/real-estate-regulation-development-act-2016-tripura/section/12/","note":null,"source_note":"Read from the Government's own scanned gazette with Azure Document Intelligence, then split into sections by their numbering. India Code publishes no text for this Act. The scan itself is mirrored into our own storage and served at /scan/9eb16613-5e29-449e-8359-e377da79b39b.pdf, so the reading here can be checked against the page it came from without depending on India Code's own copy staying where it is (it was at https://indiacode.gov.in/server/api/core/bitstreams/868d2b99-c389-41e8-ade9-81d4d598cd59/content).","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}