Shopping cart

    Subtotal 0.00

    View cartCheckout

    Magazines cover a wide array subjects, including but not limited to fashion, lifestyle, health, politics, business, Entertainment, sports, science,

    Shopping cart

      Subtotal 0.00

      View cartCheckout

      Magazines cover a wide array subjects, including but not limited to fashion, lifestyle, health, politics, business, Entertainment, sports, science,

      • Home
      • News
      • Bihar RERA tightens disclosure norms with updated rankings and digital reporting
      News

      Bihar RERA tightens disclosure norms with updated rankings and digital reporting

      Bihar RERA
      Email :49

      The Bihar Real Estate Regulatory Authority (RERA) has released the latest rankings of registered real estate projects and promoters in the state, reinforcing its push for transparency and accountability in the housing sector, with the fifth edition of the exercise updated using data available up to November 15, 2025.

      Bihar RERA remains the first regulatory authority in the country to introduce a structured, periodic ranking system for real estate projects and developers. The exercise is designed to help homebuyers make informed choices while encouraging timely completion and financial discipline among promoters, according to a report by patnapress.com.

      Projects have been assessed under the Bihar Real Estate Project Quotient (BRQ), which evaluates factors such as the pace of construction, utilisation of funds collected from buyers and the number of project-related complaints. Promoters, meanwhile, are ranked under the Bihar RERA Promoters Quotient (BPQ), based on parameters including experience, number of registered projects, track record in completing developments on time and the volume of cases filed against them.

      Alongside the rankings, RERA Bihar has rolled out a new digital system for submitting Quarterly Progress Reports (QPRs) from the July–September quarter. Promoters are now required to enter project data dynamically in a standardised format on the RERA portal. Officials say this has ensured uniformity in disclosures and made it easier for buyers to track construction progress. Acknowledging initial difficulties faced by developers, the authority extended the QPR submission deadline by a month and notified promoters by email.

      Vivek Kumar Singh, chairman of RERA Bihar, said the ranking and reporting systems had been refined to balance ease of compliance for promoters with clarity for consumers. He urged buyers who have booked homes in registered projects to access QPR summaries on their mobile phones through the RERA Bihar website, describing the initiative as a step towards empowering consumers with real-time information.

      0 0 votes
      Article Rating
      Subscribe
      Notify of
      guest
      0 Comments
      Oldest
      Newest Most Voted
      Inline Feedbacks
      View all comments

      Related Posts

      Join

      To Receive Daily Updates

      0
      Would love your thoughts, please comment.x
      ()
      x