The Government of Bihar on August 01, 2023, issued a notification regarding the share of promoter and landowner in the project available for selling and marketing.
The following has been stated: -
•It has been noticed that in some cases promoters submit the memorandum of division of share signed between Promotes and landowners on a stamp paper in compliance of one of the conditions of development agreement.
•It has now been decided by Authority that promoter would henceforth submit the details of division of share of the project available for marketing and selling on Affidavit duly executed between Promoter and landowner/s in the attached format with the application to be submitted for the registration of Project.
This comes into force with immediate effect for all the applications to be submitted henceforth for registration.
The detailed notification is given in the document attached below.
[Notice No: - 115]
