2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the name of the Act relates to regulation of real estate?
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Real Estate (Rules and Regulation) Act, 2016
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Real Estate (Regulation and Development) Act, 2016
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Real Estate (Rules and Development) Act, 2016
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Real Estate (Regulation and Policy) Act, 2016
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Explanation:
Detailed explanation-1: -The act also established an adjudicating method for the speedy redressal of disputes via the Real Estate Regulatory Authority and the Appellate Tribunal. It also mandates compulsory registration of real estate projects under its ambit.
Detailed explanation-2: -RERA, the full form of which is Real Estate Regulatory Authority, stands for transparency in the real estate industry. It was brought to action to eradicate the existing discrepancies and problems within the sector.
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