Bihar RERA Authority exercising power under Section-36 of the Act which gives power to the Authority to pass interim orders for contravention of Act freezed the bank accounts of the builder.
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.
Bihar RERA Authority has issued a show cause notice to four companies in collaboration with Agrani group, a real estate company, for non compliances with the provisions of the act.
UDHD have cautioned the promoters and developers of 10 forthcoming projects in and around Patna against publicizing and advertising their projects without getting them registered with the RERA.