The Government of Bihar on 22nd August 2022, published the Bihar Real Estate Regulatory Authority (General) Regulations (Amendment), 2022 to further amend the Bihar Real Estate Regulatory Authority (General) Regulations 2021.
Through this amendment, the submission of application under regulation 5 shall be submitted to the Authority online with all the details, relevant documents and stipulated fees. The promoter shall submit an application for registration along with an affidavit stating there in that the share distribution of flats, shops, apartments, towers including parking/garage, others, if any, and plots are exclusively within his/her share available for marketing and same will be mentioned in the registration certificate to be issued by the Authority.
The promoter or agent as the case may be, who fails to submit all relevant documents or does not comply with other requirement of registration as per the provisions of the Act, Rules and Regulations even after an opportunity is given to the applicant to rectify the deficiency in a period as specified by the Authority depending on the merit of the case, shall be treated as incomplete and would be liable to be rejected.
In case an application is rejected, the Promoter or Agent, as the case may be, may make a fresh application to the Authority along with the fee as if it is a new/fresh application for registration. The promoter shall submit details of revised milestones of the development work of the project to be completed within the revised completion date along with application for extension of registration of the project in Form ‘E’ as prescribed in Bihar Real Estate (Regulation & Development) Rules 2017and upload the same on the webpage of Promoter on the website of RERA, Bihar.
Further under regulation 8, The promoter shall erect a weather proof Display Board of the minimum size of 5’x4’ at the project site with the information regarding the name and registration number of the project, date of registration, phases of the project, number of towers, number of stories (tower-wise) etc. in bold letter and legible language, so that the information may be visible throughout the season/ year i.e., till completion of the project.
