Bihar approves setting up of real estate regulator

State seeks to infuse transparency into the sector and protect consumer interests, as per RERA norms

In a relief to home-buyers in Bihar, the state government ordered the setting-up of a regulator to bring transparency to real estate sector. The state cabinet has approved "Bihar Real Estate (Regulation and Development) Rules, 2017" to protect the interest of consumers.

The cabinet on Thursday gave its nod to the rules in view of the Real Estate (Regulation and Development) Act, 2016 notified by the Central government in March last year. Under the provisions of the act, every states need to set up a Real Estate Regulatory Authority (RERA), whom an aggrieved consumer can approach for redress.

The authority is all