Bihar RERA freezes bank accounts of Patna Green Housing

The Real Estate Regulatory Authority (RERA) of Bihar on Saturday ordered freezing of the bank accounts of a Patna-based real estate company for allegedly making misleading statements in its replies to show-causes notices for not registering an ongoing project. The Authority has also barred the company from booking any plot, house or bungalow in the project at Shivala Mor on Danapur-Bihta road. The action was initiated by RERA-Bihar chairman Afzal Amanullah under Section 36 (power to issue interim orders) of the RERA Act. Amanullah said the Patna Green Housing Private Limited took tens of lakhs of money from buyers for construction on its ‘Metro Green City’ project at Shivala Mor since July 2017. He said an investigating team would inquire into the affairs of the company, including financial irregularities. RERA-Bihar member Rajiva Bhushan Sinha told this reporter that the promoter had been advertising its project without getting it registered with the Authority in flagrant violation of the RERA Act. The promoter has also not prepared its balance sheet or profit and loss account since creation of the company three years ago, Sinha said.