Bihar RERA to blacklist builders
The building projects not registered under Real Estate (Regulation and Development) Act, 2016 till June 30 deadline will be blacklisted, said Real Estate Regulatory Authority (RERA), Bihar, Chairman Afzal Amanullah.
RERA member Rajiva Bhushan Sinha said the list of blacklisted firm would be circulated to all RERAs in India so that they would not be able to form a company in any part of the country.
Addressing a conference, Amanullah said the builders and promoters have been given the last opportunity to register their projects under the Act by June 30 with late fee of Rs3 lakh or 300% of the registration amount, whichever is higher.
RERA Bihar estimates that there are around 1,500 unregistered projects across the state, out of which only 390 applied for registration.