RERA Bihar Invites Jharkhand Builders to Invest in Bihar’s Real Estate Sector
Ranchi, April 21 (UNI) Real Estate Regulatory Authority (RERA) Bihar Chairman Vivek Kumar Singh on Tuesday extended an invitation to builders operating in Jharkhand to invest in Bihar’s real estate sector. The state is poised to meet the growing housing demand, thanks to ongoing development and a policy framework aimed at easing business operations.
Speaking at an outreach programme titled “RERA Bihar Se Rubaru” held in Ranchi, Singh emphasized the state's potential. “If promoters submit complete documents, the authority adopts a facilitative approach in granting registration,” he said, adding that steps had been taken to simplify the registration process.
Singh reiterated RERA Bihar’s commitment to protecting homebuyers’ interests and promised firm action against any violations. “We are dedicated to ensuring transparency and accountability in the real estate sector,” he stated.
Jharkhand Development Commissioner Ajay Kumar Singh echoed the sentiment, suggesting that similar initiatives should be adopted by RERA Jharkhand to enhance consumer protection in the housing sector.
RERA Jharkhand Chairman Birendra Bhushan praised the functioning of RERA Bihar, noting that it has received national recognition. “The interaction provided valuable insights that we can implement in our state,” he said.
RERA Bihar Inquiry Commissioner Sanjay Singh underscored the importance of project registration and advised buyers to verify registration details before making any property purchases. “It is crucial for buyers to ensure that the projects they invest in are duly registered with RERA,” he emphasized.
RERA Bihar Secretary Animesh Pandey outlined the objectives of the programme, while Special Officer Rajesh Thadani delivered the vote of thanks. The event included presentations on investment opportunities in Bihar’s real estate sector, regulatory measures, and safeguards for homebuyers. Two short films were also screened to raise awareness.
An open session was held to address queries related to the RERA Act, providing a platform for stakeholders to voice their concerns and seek clarifications.
The outreach programme underscores the collaborative efforts between RERA Bihar and RERA Jharkhand to foster a transparent and consumer-friendly real estate market. By inviting Jharkhand builders to invest in Bihar, the authorities aim to drive economic growth and meet the housing needs of the population.
