Podcast
Questions and Answers
What is the total number of sections in the Real Estate (Regulation and Development) Act 2016?
What is the total number of sections in the Real Estate (Regulation and Development) Act 2016?
- 95
- 92 (correct)
- 90
- 82
Which entity is responsible for the regulation and promotion of the real estate sector in each State / Union Territory under the Act?
Which entity is responsible for the regulation and promotion of the real estate sector in each State / Union Territory under the Act?
- Real Estate Regulatory Authority (correct)
- State Government
- Central Government
- Local Municipality
What is the primary goal of the Real Estate Regulatory Authority established under the Act?
What is the primary goal of the Real Estate Regulatory Authority established under the Act?
- Minimizing consumer protection
- Maximizing profits for developers
- Ensuring healthy and transparent real estate sector (correct)
- Promoting illegal real estate practices
Which chapter of the Act addresses the rights and duties of allottees?
Which chapter of the Act addresses the rights and duties of allottees?
What is the consequence for officers of a company found guilty of unethical business practices under the Act?
What is the consequence for officers of a company found guilty of unethical business practices under the Act?
What percentage of the real estate project funds must be deposited in a separate bank account according to the Act?
What percentage of the real estate project funds must be deposited in a separate bank account according to the Act?
What professionals need to certify the percentage of completion of a real estate project for withdrawal of funds from the separate account?
What professionals need to certify the percentage of completion of a real estate project for withdrawal of funds from the separate account?
What limit is imposed on the advance payments or application fees a promoter can accept without a written agreement under the Act?
What limit is imposed on the advance payments or application fees a promoter can accept without a written agreement under the Act?
What is the primary purpose of the MahaRERA portal?
What is the primary purpose of the MahaRERA portal?
What key service is NOT provided for Allottees on the MahaRERA portal?
What key service is NOT provided for Allottees on the MahaRERA portal?
Which stakeholder can access services like Project Registration and Project Updates on the MahaRERA portal?
Which stakeholder can access services like Project Registration and Project Updates on the MahaRERA portal?
What feature is specifically mentioned as available on the landing page of the MahaRERA portal?
What feature is specifically mentioned as available on the landing page of the MahaRERA portal?
What type of information is provided under the Organisation Structure submenu?
What type of information is provided under the Organisation Structure submenu?
Who is listed under 'Our Leadership' in MahaRERA?
Who is listed under 'Our Leadership' in MahaRERA?
What information can be found under the Media Gallery sub-menu?
What information can be found under the Media Gallery sub-menu?
What can be downloaded from the 'DOWNLOADS' menu on the portal?
What can be downloaded from the 'DOWNLOADS' menu on the portal?
