Consider the following statements regarding the Real Estate Regulatory Authority (RERA):
1. RERA is a statutory body established under the Real Estate (Regulation and Development) Act, 2016 to regulate the real estate sector and protect homebuyers.
2. Promoters can advertise and sell real estate projects without registering them with RERA, as long as they obtain all necessary government approvals.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2