Assistant Banking Manager

Assistant Banking Manager Interview Questions and Answers

Updated 8 Mar 2021

Q1. (ii) RERA is now applicable in Realty Sector , are you aware.

Ans.

Yes, I am aware of RERA being applicable in the Realty Sector.

  • RERA stands for Real Estate (Regulation and Development) Act.

  • It was introduced in 2016 to regulate the real estate sector in India.

  • RERA aims to protect the interests of homebuyers and promote transparency in the real estate industry.

  • It mandates the registration of real estate projects and real estate agents.

  • Developers are required to disclose project details, adhere to timelines, and maintain a separate escrow acco...read more

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