Whether ERA applies to business of open plotting of land. ?

Sir, Please let me know whether the RERA applies to business of open plotting of land and business of construction of individual houses  even if the size of each plot sold is below 500 sq. meters. If the applicable to any of them, is there any provision for lesser penalty if applied voluntarily  for registration of the project under RERA provisions, after commencement of sales of open plots/ villas ? If common rules of penalty applicable, what is the outgo please explain.

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