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  • RERA Bihar

    RERA is the nation’s only knowledge based platform that is intended to safeguard the investors of real estate. This is the first time that a regulation authority has set-up in the realty sector. RERA is said to be one of the milestone regulations passed in the realty sector and is expected to help improve the realty market in the coming years.

    Why is RERA Bihar required?

    Due to a` lack of a authoritative organisation for real estate in the nation, it was necessary to begin one for each state of the country to ensure the real estate market is a transparent and safe market for homebuyers and developers. This is intended to make it risk-free for investors to invest in real estate in India. This act has brought to the industry new guidelines for developers/builders to follow which makes it a safe marketplace to buy and sell realty.

    The main objectives of RERA are mentioned below:

    • To supervise the real estate sector and sustain the rights of a homebuyer
    • To protect investors from deceit
    • To ensure transparency in the industry
    • To ensure there are no delays in the projects
    • To ensure accountability amongst builders/developers
    • To launch a well-organized redressal system that homebuyers can use to address their issues
    • To set-up a system that allows people to plead against the verdicts of RERA
    • To ensure all projects are registered under RERA

    With RERA incorporated in the realty market, prospective homebuyers can confidently make their purchase and no longer have to dance to the tunes of builders/developers. Any complaint of grievance will be impartially dealt with by RERA, and it also allows an investor to pull out from a project in case of fraud, etc. In this case, the homebuyer in entitled to full reimbursement.

    Office address of RERA Bihar

    6th Floor,

    Bihar State Building,

    Construction Corporation Campus

    Hospital Road, Rajvanshi Nagar,

    Patna – 800023

    Phone number: 0612-3094444 / 0612-3095555

    Email ID: rerabihar@gmail.com

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