In a decisive move to uphold transparency in Bihar’s real estate sector, the Real Estate Regulatory Authority (RERA) Bihar has penalized 10 developers in Patna for failing to comply with project timelines and regulatory mandates.

The crackdown comes as part of RERA’s ongoing efforts to protect homebuyers and ensure accountability among builders. Several developers faced fines due to delayed project deliveries, misleading advertisements, and failure to honor refund commitments

One of the most significant actions includes arrest warrants issued against directors of three construction firms for failing to refund homebuyers despite prior orders. Additionally, RERA has initiated asset identification and valuation to recover dues through property auctions.

This enforcement sends a strong message to builders, reinforcing consumer rights and regulatory compliance. By holding developers accountable, RERA Bihar aims to restore trust in the real estate market and encourage ethical business practices.

One of the most significant actions includes arrest warrants issued against directors of three construction firms for failing to refund homebuyers despite prior orders. Additionally, RERA has initiated asset identification and valuation to recover dues through property auctions.

This enforcement sends a strong message to builders, reinforcing consumer rights and regulatory compliance. By holding developers accountable, RERA Bihar aims to restore trust in the real estate market and encourage ethical business practices