RERA website to provide details
Promoters and developers were asked to provide the requisite information on its official website before May 31, byReal Estate Regulatory Authority (RERA), Bihar. This step has been taken to safeguard property buyers from fraudulent real estate developers.
The number of projects in which bookings of flats or plots of land have been made, number of bookings made in each project not launched yet or delayed by more than three years and the amount of payments or advances received in each such project should be included in the information. The notice was issued following receipt of complaints against a few real estate firms for providing incorrect information about their ongoing projects, taking money in advance and not completing the projects even after five years.
Section 24 of RERA Rules 2017 states that promoter, allottee and real estate agent should furnish in writing such information or explanation or produce such documents within reasonable time, as it may deem necessary.