Notice served by the RERA Bihar on defaulting builders

Dated on: Tuesday 6th August 2019

After asking the real estate developers with the earlier order to submit the fund utilization declaration, now it has started singling out the particular builders who have not obeyed the order. Therefore, the RERA Bihar issued show-cause notices to 25 builders for the non-submission of audited statement of bank accounts of ongoing real estate projects for 17-18. The builders have also failed to submit the progress report of the ongoing projects. All these orders were issued to check the appropriate diversion of funds for an ongoing project.

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