After the development works have been carried out by the competent authority under sub-section (13) of section 5, the charges incurred by the competent authority for carrying out such development works, shall be recovered by adjusting the amount received as a result of enforcement of the bank guarantee and the balance, if any, shall be recovered from the promoter, subject to the condition that the amount so recovered, shall not exceed the amount the promote has actually recovered from the allottees by deducting the amount actually spent on development works, and on the allottee subject to condition that the amount so recovered, shall not exceed the amount, which they have to pay the promoter towards the expenses of such development works under the terms of he agreement of sale or transfer.
Section 15: Recovery of charges incurred on development works.[Section 5(13) and 45(2)(h)
The Punjab Apartment and Property Regulation Rules, 1995.State Rules of Punjab · 1995
Where this provision sits
| Act | The Punjab Apartment and Property Regulation Rules, 1995. |
|---|---|
| Section | 15 |
| Marginal note | Recovery of charges incurred on development works.[Section 5(13) and 45(2)(h) |
| Jurisdiction | State of Punjab |
| Status | In force as published by the source |
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