Bihar RERA sets precedent with arrest warrant against builders
In a landmark judgment with far reaching consequences, Bihar RERA has issues arrest warrant against three builders. This could easily be termed as a historic judgment of RERA. Why so? It is because the eco system of the complex business of Indian real estate has been such that builders continue to take RERA for granted. For the large universe of erring builders, RERA stands out as another window of litigation that only helps them to prolong the buyers legal fight without any accountability, forget about fear of the regulation called RERA.
