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Homebuyers’ interests must be top priority: Bihar CM

Indian Community Editorial TeamBy Indian Community Editorial TeamAugust 1, 20262 Mins ReadNo Comments Add us to Google Preferred Sources
Homebuyers’ interests must be top priority: Bihar CM
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Patna, Aug 1 (IANS) Bihar Chief Minister Samrat Chaudhary on Saturday reviewed the functioning of the Bihar Real Estate Regulatory Authority (RERA) and directed officials to make the system more transparent, accountable, simple and technology-driven.

Chairing the review meeting at the Sankalp conference hall at the Lok Sewak Bhavan, the Chief Minister said RERA’s objective should not be limited to promoting the Ease of Doing Business.

He emphasised that protecting the rights and interests of homebuyers must remain its foremost priority.

Samrat Chaudhary said it was the government’s responsibility to safeguard people who invest their lifetime savings in purchasing a home. He directed officials to ensure that complaints and cases filed by homebuyers are resolved fairly, transparently and within a stipulated timeframe.

He said timely grievance redressal would help strengthen people’s confidence in RERA and improve trust in the state’s real estate regulatory system. At the same time, the Chief Minister stressed that procedures for promoters and developers should also be made simple, transparent and convenient.

Such reforms, he said, would facilitate business operations, speed up project implementation and help create a more conducive investment environment in Bihar.

RERA Chairman Vivek Kumar Singh briefed the Chief Minister about the authority’s existing functioning and various systems. Following the presentation, Samrat Chaudhary directed officials further to strengthen the use of technology across RERA’s operations.

He emphasised that digitalisation is essential to eliminate unnecessary delays and improve efficiency. The Chief Minister also directed officials to explore integrating RERA with the state government’s treasury system and other digital platforms.

Such integration would facilitate better monitoring of pending cases, payments and other administrative processes. The Chief Minister said the protection of homebuyers’ interests should remain at the centre of real estate sector reforms.

At the same time, a transparent and simplified regulatory framework for developers would help improve the business environment.

He emphasised that faster grievance resolution, greater accountability, and increased digitalisation would not only protect homebuyers but also boost public confidence and encourage investment in Bihar’s real estate sector.

–IANS

ajk/dan

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Indian Community Editorial Team

The Indian Community Editorial Team curates, verifies, and publishes stories that matter to Indians worldwide. From culture and community to business and innovation, our mission is to spotlight voices, ideas, and events that bring our global community closer together. Have news or a story to share? Submit it to us at [email protected].

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