CS Executive · Economic, Commercial and Intellectual Property Laws · Real Estate Regulation and Development Law
Which of the following is a function of the Authority under the Act that directly concerns ensuring that promoters meet their obligations?
The Authority's function is to ensure compliance of the obligations cast upon promoters, allottees and real estate agents under the Act and its rules and regulations, as stated in Section 34(f). Policy advice belongs to the Council, and sale in unregistered projects is barred for agents.
- AEnsuring compliance of obligations cast upon promoters, allottees and real estate agents under the Act, rules and regulationsCorrect
- BAdvising the Central Government on major questions of policy as the Central Advisory Council
- CFacilitating sale of plots in unregistered projects
- DFixing the sale price of every apartment in a project
Explanation
Section 34(f) makes it a function of the Authority to ensure compliance of obligations cast on promoters, allottees and real estate agents. Advising on major policy is the Council's function under Section 42, and facilitating sale in unregistered projects is prohibited for agents under Section 10(a). Nothing gives the Authority a power to fix apartment prices.
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