67. If any allottee, who fails to comply with, or contravenes any of the orders, decisions or directions of the Authority he shall be liable to a penalty for the period during which such default continues, which may cumulatively extend up to five per cent. of the plot, apartment or building cost, as the case may be, as determined by the Authority.
Real Estate (Regulation and Development) Act, 2016
Section 67: Penalty for failure to comply with orders of Authority by allottee
Chapter VIII — Offences, Penalties and Adjudication
Source: official text of the Real Estate (Regulation and Development) Act, 2016.