CII, realtors’ body seek Bihar RERA’s help for registration of old projects...

    CII, realtors’ body seek Bihar RERA’s help for registration of old projects

    The Confederation of Indian Industry (CII), Builders Association of India (BAI) and Real Estate Developers’ Associations of India (CREDAI) have sought Real Estate Regulatory Authority (RERA) help for registration of old projects, which were completed before the Real Estate (Regulation and Development) Act 2016 was implemented. The RERA Act came into force on May 1, 2017.
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    CREDAI Bihar

    CREDAI Bihar president Narendra Kumar told this newspaper on Tuesday there was no concept of occupancy certificate in Bihar and 99% of the builders, promoters and developers don’t have the completion certificate in state.

    “It’s a serious problem for builders as the registration office asks for completion certificate,” he said, adding the builders of ongoing projects or the projects completed after the RERA Act came into force was registered as per the rules.

    “We seek the help from RERA Bihar for some alternate measures to solve this problem,” he said.

    The RERA (Bihar) officials concerned have submitted a suggestion to the principal secretary of state prohibition and registration department to register the flats and commercial buildings, which had been completed long before the RERA Act came into force, on the basis of affidavit.

    Subodh Kumar Sinha, a member of RERA Bihar, said submitting an affidavit was just a suggestion to resolve the issue as the final decision would be taken by the state government.

    “According to Section 16 of Bihar’s Building Bylaws, there is a provision for completion certificate for which the owner or empanelled architect concerned or engineer or structural engineer has to submit notice of completion in form XII to the authority, which states that building has been completed in all respect as per approved plan and provision of the bylaws with supporting documents. This process can also help the builders,” he said.

    Info- https://realty.economictimes.

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