Realty status portal in pipeline2 min read
Patna: The state Real Estate Regulatory Authority (Rera) will come out with an interactive website to make consumers aware of the status of projects being executed by developers and builders in Bihar.
The authority is also planning to tighten its noose around builders who fail to register their ongoing projects by Friday.
Rera Bihar chairman Afzal Amanullah told The Telegraph: “We have asked the agency concerned to start work on developing the website and it should be in place within two months.”
Member R.B. Sinha said: “We will impose heavy penalty on builders who don’t register their projects by Friday, the last date for registration.”
The state branch of the authority, at present, lacks a platform to make people aware of the status of ongoing projects, particularly ones that have not been registered with Rera.
It has come out with details of 13 projects being carried out in the state without being registered with the authority. The list is, however, subject to change as it is updated based on replies received from the promoters in response to notices issued by Rera.
“People interested in getting the details of these projects should come to our office. I suggest that consumers insist on getting the Rera registration number of the project in which they make investment. In case of any doubt, they should immediately inform us,” said Amanullah. Queries can also be sent on email@example.com.
Amanullah said those dealing with projects which are not registered with the authority would do so at their risk, and would not be able to get the protection of the Act enacted to protect their interests.
According to rules, the penalty amount can go up to 10 per cent of the total project cost.
RERA member Sinha, however, refused to elaborate the kind of penalty which the authority was planning to impose on defaulting builders.
“It will vary from case to case but one thing is certain that we are here to ensure adherence to rules and defaulters should be ready to pay fine if they violate the rules,” he said.
Courtesy: The Telegraph