In order to prohibit builders to pass on the ownership to the buyers by registering the incomplete projects with the registration department, Bihar Real Estate Regulatory Authority (RERA) has asked the state registration department not to register any ongoing projects without RERA registration number.
According to Afzal Amanullah, Bihar RERA Chairman “The registration of incomplete flats or apartments put the real estate buyers in a very disadvantaged position as the developers refuse to complete their obligations once the registration was done. Therefore, we have requested the registration department not to register incomplete projects and the projects which don’t have RERA number.”
July 31st, 2018 is the last date to register ongoing projects with RERA Bihar with a late fee of
Rs. 4 lakh or 400% of the registration fee, whichever is higher.
Click here to get free assistance on registering real estate projects with RERA in Bihar.