RERA
Authored by REA India
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Professional Development
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the full form of RERA ?
Real Education in Real Estate
Real estate regulation for advisors
Real Estate Regulatory Authority
Real estate & regulation act
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the pillars of RERA ?
Financial discipline & Transparency
Accountability & Customer centricity
Compliance
All of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which projects need RERA registration ?
Residential
Commercial
Plotted developement
Land under development more than 500 SQFT or 8 units
All of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much money from each of payment made by customer needs to be deposited in project account (Escrow a/c) as per RERA norms ?
100%
50%
70%
40%
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who all need to certify withdrawal of money from escrow account ?
Engineer
Architect
CA
All of above
None of above.
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
How developers are requested to ensure Transparency as per RERA norms ?
All statutory approvals & architecture plans to be uploaded on RERA site.
Consent of 2/3 allottees in case of any alteration or addition in plan.
No launch or advertisement without registration with RERA.
Developer can plan as their plan & convenience.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In case of delayed payment by customer what would be the penalty % ?
10%
7%
As per government guidelines.
Prevailing rate of return charged by SBI on fresh home loan.
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