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    Question

    Which of the following statement is Incorrect regarding

    RERA 2016?
    A It seeks to protect home-buyers as well as help boost investments in the real estate sector Correct Answer Incorrect Answer
    B The Act establishes Real Estate Regulatory Authority (RERA) in each District for regulation of the real estate sector. Correct Answer Incorrect Answer
    C All projects with a plot size of a minimum of 500 sq. mt or eight apartments need to be registered with Regulatory Authorities. Correct Answer Incorrect Answer
    D Both promoter and buyer are liable to pay an equal rate of interest in case of any default from either side. Correct Answer Incorrect Answer

    Solution

    The Act establishes Real Estate Regulatory Authority (RERA) in each State for regulation of the real estate sector.

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