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Tripura RERA Act MCQ Overview

The document outlines key provisions of the Real Estate Development Act (RERA) 2016, including sections related to real estate agents and the responsibilities imposed on builders and investors. It specifies conditions for exemption from project registration, requirements for marketing and sales, and clarifies the definition of 'Carpet Area'. Additionally, it discusses the promoter's liability for defects and the consent needed from allottees for transferring project shares.

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Nilesh
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305 views2 pages

Tripura RERA Act MCQ Overview

The document outlines key provisions of the Real Estate Development Act (RERA) 2016, including sections related to real estate agents and the responsibilities imposed on builders and investors. It specifies conditions for exemption from project registration, requirements for marketing and sales, and clarifies the definition of 'Carpet Area'. Additionally, it discusses the promoter's liability for defects and the consent needed from allottees for transferring project shares.

Uploaded by

Nilesh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

2.

Introduction to Real Estate Development Act 2016


1 Which Sections of the RERA Act contains the provisions with respect
to Real Estate Agents
A. Section 5 & 6
B. Section 7 & 8
C Section 9 & 10
D Section 11 & 12
Answer: Option C
Explanation : Section 9 & 10

2 "To impose greater Responsibilities on both the builders and


investors" is one of the Objective if the RERA Act?
A. True
B. False
Answer: Option A
Explanation : True

3 In order to get expemption from registration of Real Estate Project,


Which conditions need to be satisfied?
1. Plot Area should be less than or Equal to 500 Square Meter
2. Number of Aprtments to be Devloped should be Less than or equal
to 8
A. Both 1 & 2 must be complied
B. Any of 1 & 2 must be complied
C. None of the coindition need to be complied
D. There is no exemption from the RERA registration
Answer: Option B
Explanation : Any of 1 & 2 must be complied

What is primary condition for starting Marketing, advertising and


4 sales of the Real Estate Project
A. Registration of Real Estate Project with MahaRERA
B. Commencement Certificate issued by Competent Authority
C. Application for registration of Real estate Project with MahaRERA
D. None of the above
Answer: Option A
Explanation : Registration of Real Estate Project with MahaRERA
5 RERA Act provides defination of the "Carpet Area"
A. True
B. False
Answer: Option A
Explanation : True

As per Section 14(3) of the RERA Act, Promoter is liable for the Defect
6 liability for how many years after handing over possession to Allottee?
A. 4 Years
B. 5 Years
C. 6 Years
D. 7 Years
Answer: Option B
Explanation : 5 Years

7 RERA Act is not applicable to Plotting projects


A. True
B. False
Answer: Option B
Explanation : False

How much Consent from allottees is required for transferring majority


8 share in the project to third party
A. 1/3 rd
B. 51%
C. 2/3rd
D. No Consent required
Answer: Option C
Explanation : 2/3rd

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