Explanation:

 In case the promoter fails to register the property, he may be penalised up to 10% of the estimated cost of the project. Failure to register despite orders issued by the RERA will lead to imprisonment for up to three years, and/or an additional fine of 10% of the estimated cost of the project. The promoter will have to pay up to 5% of the estimate cost of the project if he violates any other provisions of the Act.Real estate agents will have to pay a fine of Rs 10,000 for violating any provisions of the Act, for each day the violation continues. Constructions below the size of 1,000 square metres or 12 apartments are left out of the ambit of this bill.70% of the amount collected from buyers for a project must be maintained in a separate bank account and must only be used for construction of that project.  The state government can alter this amount to less than 70%.The Bill mandates that 70% of the amount collected from buyers of a project be used only for construction of that project.  In certain cases, the cost of construction could be less than 70% and the cost of land more than 30% of the total amount collected.  This implies that part of the funds collected could remain unutilized, necessitating some financing from other sources.  This could raise the project cost.