The RERA ordered the builder to refund the entire principal amount along with interest of 15% per annum to be compounded quarterly from the dates of deposit to the date of refund should be refunded in three instalments by the company

Bihar RERA froze the bank account of Patna based developers for giving the misleading replies to the show cause notices which was issued by the RERA Authority to inquire about the non-registration of the project.

A clear evidence of the harsh reality which is prevailing in the state of Bihar that most of the builders in the state are willingly avoiding the compliance with the provisions of RERA.