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
B The Act establishes Real Estate Regulatory Authority (RERA) in each District for regulation of the real estate sector.
C All projects with a plot size of a minimum of 500 sq. mt or eight apartments need to be registered with Regulatory Authorities.
D Both promoter and buyer are liable to pay an equal rate of interest in case of any default from either side.
Practice Next

Relevant for Exams:

Hey! Ask a query