Section 12
Section 12 of the Real Estate (Regulation And Development ) Act, 2016. 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 there
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.
Section 12, The Real Estate (Regulation And Development ) Act, 2016 (Act 17 of 2016).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 12
How do I find court cases under Section 12 of the Real Estate (Regulation And Development ) Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Real Estate (Regulation And Development ) Act 12, section 12 Real Estate (Regulation And Development ) Act, section 12 of the Real Estate (Regulation And Development ) Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 12 of the Real Estate (Regulation And Development ) Act, and has it changed?
2 other provisions in this corpus refer back to it.
When was the Real Estate (Regulation And Development ) Act enacted?
Real Estate (Regulation And Development ) Act was enacted in 2016 as Act 17 of 2016. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. 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). This page is not a substitute for legal advice.