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The Real Estate Regulatory Authority (RERA), Bihar, imposed a penalty of INR 50,000 each on seven promoters for advertising their projects without including the mandatory RERA registration number and the Authority's website address. The promoters, who had advertised on various platforms, admitted to the oversight. They have been given 60 days to pay the penalty, failing which further action will be taken under RERA regulations. Similar penalties have been imposed by other RERA's such as Maha RERA and UP RERA, reinforcing the necessity of adhering to RERA guidelines.
The Real Estate Regulatory Authority (RERA), Bihar, imposed a fine of INR 50,000 on seven promoters for publishing advertisements for their respective projects without including the mandatory RERA registration number and the Authority's website address, as stipulated under the RERA Act. Advertisement
These seven developers had placed advertisements across social media, newspapers, and other platforms. After identifying the violation, the Authority issued notices instructing the promoters to appear before the Chairman's bench. The official stated that all the respondents in this case acknowledged their mistake.
In a landmark decision, each of these promoters has been directed to pay the fine. The order was issued by a bench presided over by RERA Bihar Chairman Vivek Kumar Singh.
As per the order, the promoters are required to pay the penalty within 60 days. Non-payment within this period will lead to further action under the applicable sections of the RERA Act, along with its associated rules and regulations.
The penalty imposed by RERA Bihar serves as a strong warning to real estate promoters, emphasising the importance of strict adherence to RERA guidelines. The primary objective of RERA is to safeguard homebuyers' interests and ensure transparency in the real estate sector. Non-compliance with these regulations can lead to significant penalties and even the cancellation of project registrations.
Similar instances have been observed in other states. For example, both MahaRERA and UP RERA have previously penalised several developers for failing to include the required RERA registration details in their advertisements. In one instance, MahaRERA had even imposed a penalty on a developer for displaying the RERA registration number in an inadequately small font.
Homebuyers can take confidence in such measures, which reinforce the accountability of real estate promoters and strengthen consumer protection in the industry.
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