BÀI TẬP ĐỌC HIỂU

EXERCISE 1: Read the following passage and mark the letter A, B, C, or D on your answer sheet

to indicate the correct answer to each of the questions .

Buying a house is the single largest financial investment an individual makes. Yet, in India this act

is fraught with risk and individuals depend on weak laws for justice. Occasionally, deviant promoters are

called to account as was the case in the detention of Unitech’s promoters. This incident shows up the

fallout of an absence of proper regulation to cover contracts between buyers and real estate promoters. A

real estate bill, which is presently pending in Rajya Sabha, seeks to fill this gap. It has been debated for

over two years and should be passed by Parliament in the budget session.

India is in the midst of rapid urbanization and urban population is expected to more than double to

about 900 million over the next three decades. Unfortunately, even the current population does not have

adequate housing. A government estimate in 2012 put the shortage at nearly 19 million units. If this

shortage is to be alleviated quickly, India’s messy real estate sector needs reforms.

The real estate bill seeks to set standards for contracts between buyers and sellers. Transparency, a

rare commodity in real estate, is enforced as promoters have to upload project details on the regulators’

website. Importantly, standard definitions of terms mean that buyers will not feel cheated after taking

possession of a house. In order to protect buyers who pay upfront, a part of the money collected for a real

estate project is ring-fenced in a separate bank account. Also, given the uncertainty which exists in India

on land titles, the real estate bill provides title insurance. This bill has been scrutinized by two

parliamentary committees and its passage now brooks no delay.

This bill is an important step in cleaning up the real estate market, but the journey should not end

with it. State governments play a significant role in real estate and they are often the source of problems.

Some estimates suggest that real estate developers have to seek approvals of as many as 40 central and

state departments, which lead to delays and an escalation in the cost of houses. Sensibly, NDA

government’s project to provide universal urban housing forces states to institute reforms to access

central funding. Without real estate reforms at the level of states, it will not be possible to meet the

ambition of making housing accessible for all urban dwellers.

Question 1: What is the passage mainly about?

A. The obstacles and resolutions to India’s real estate market

B. The urban dwellers’ inaccessibility to housing

C. The need for urgent reform in housing distribution

D. The lack of housing in India

Question 2: According to the passage, which of the following is the pending in Raiya Sabha?

A. Real estate bill

B. Universal rural housing programme

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