Draft Real Estate Rules in Real Estate (Development and Regulation) Act,2016
Q. Which of the following is/are true?
1) Promoters can’t discriminate against anyone in the allotment of any apartment, plot or building on any ground.
2) Chairperson of Real Estate Regulatory Authorities and Appellate Tribunals will be decided by the Chief Justice of respective State/UT or his nominee.- Published on 27 Jun 16a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2
ANSWER: Only 1
- The Rules provide for payments to be made for registration of projects and real estate agents with the Regulatory Authority, documents and information to be furnished by developers, procedures to be followed for registration, extension and renewal of registration, procedures for filing and hearing of complaints and appeals, appointment and service conditions of the Chairpersons and Members of Real Estate Regulatory Authorities and Appellate Tribunals and their powers etc.
- Selection Committee headed by the Chief Justice of respective State/UT or his nominee with Housing and Law Secretaries as members will recommend names for appointment as Chairperson and Members of Real Estate Regulatory Authorities and Appellate Tribunals.
- Fee proposed for registration of projects with the Regulatory Authority is Rs.10 per sq.mt if the plot area is below 1,000 sq.mt and Rs.20 if the area for development is more than that for residential projects and Rs.50 and Rs.100 per sq.mt for commercial projects.
