Read the following passage carefully:
Under the Municipal Urban Wetland Conservation Directive, real estate developers proposing projects within two kilometers of designated ecologically sensitive wetlands must submit an Environmental Impact Assessment (EIA) to the State Pollution Control Board. If the EIA indicates a potential disruption to local hydrology, the developer is required to construct artificial buffer ponds that capture at least seventy percent of surface runoff. However, projects that incorporate rainwater harvesting systems covering at least forty percent of the total plot area are granted an explicit exemption from constructing these buffer ponds, provided their runoff volume does not exceed baseline pre-development levels. Additionally, municipal authorities are prohibited from issuing final occupancy certificates to any exempted project until an independent hydrological audit confirms that the runoff criteria have been fully satisfied. The directive does not apply to public infrastructure projects undertaken directly by state departments.
Based on the passage above, evaluate the following statement:
A private real estate developer whose project is located one kilometer from a designated wetland will automatically qualify for an exemption from constructing buffer ponds solely by installing a rainwater harvesting system across fifty percent of the plot area, regardless of post-development runoff volume.
Answer: Answer