Legal Disclaimer
Important legal disclosure regarding our startup status, intermediary role, zero deal brokerage, and mandatory user due diligence.
Important Platform Disclosure — Please Read Carefully
1. Online Advertising Marketplace Status: BiharAssets.com ("BiharAssets", "Platform") is strictly an independent online advertising marketplace and digital discovery platform. BiharAssets is NOT a registered company, corporate real estate firm, licensed brokerage, property dealer, builder, financial institution, or government authority. We do not act as an agency or licensed broker under RERA.
2. Intermediary Status (Section 79 IT Act, 2000): BiharAssets functions strictly as a technological intermediary connecting independent buyers, sellers, and asset owners. All listings, photographs, and representations are uploaded solely by third-party advertisers. BiharAssets does not inspect assets in person, does not certify land/property titles or vehicle registration documents, and does not hold or process transaction funds.
3. Zero Deal Commission & Advertising Utility Fees: BiharAssets charges zero transaction brokerage on user-to-user deals. Optional fees charged on the platform are strictly for software utilities and advertising visibility (such as contact credits, identity review processing, or featured banner promotions) to maintain server infrastructure.
4. Mandatory User Due Diligence: All communications, monetary exchanges (token money/bayaana, advance booking, sale consideration), and contracts occur directly between users outside our platform at their sole risk. Users must independently inspect all original title deeds, mutation records, physical boundaries, and official RERA/transport registrations through qualified legal professionals before making any financial commitment.
Core Legal Keypoints
Section 79 Intermediary Safe Harbor
Under Section 79 of the Information Technology Act, 2000, we act as a technological intermediary hosting user-generated listings. We do not initiate data transmissions, select receivers, or create the listing claims.
User-to-User Funds & Escrow Boundary
BiharAssets does not hold, collect, or process user-to-user asset transaction funds (booking advances, token money/bayaana, registry costs, or stamp duty). All commercial exchanges occur independently offline; users remain solely responsible for their transactions and due diligence.
RERA Bihar Adherence & Delisting
Commercial/residential project advertisers are strictly mandated to submit valid Bihar RERA registration numbers. BiharAssets reserves the right to review, suspend, or delist non-compliant listings in accordance with platform policies and applicable law.
Identity Verification Scope
Phone and ID verification procedures are automated measures designed to curb spam, duplicate profiles, and bot submissions. They do not validate property title ownership, court clearings, or seller character.
Mandatory Revenue Due Diligence
Buyers must verify Khatiyan, Jamabandi, Land Possession Certificate (LPC), mutation (Daakhil-Kharij), and non-encumbrance records directly with official Bihar Government portals (Bhumijankari) and sub-registrar offices.
Vehicles & Machinery Inspection
For commercial equipment, tractors, and machinery listings, users must independently inspect operating condition, service history, RC books, chassis numbers, hypothecation status, and state road transport clearances.
No Warranties or Guarantees
All information, listings, images, coordinates, and prices published on BiharAssets are provided on an "As-Is" and "As-Available" basis without warranties of any kind, whether express or implied. BiharAssets expressly disclaims any warranties regarding merchantability, fitness for a particular purpose, non-infringement, or uninterrupted platform uptime.
Reporting Fraud & Grievance Redressal
BiharAssets enforces a zero-tolerance policy against fraudulent listings, unauthorized land postings, and misrepresentations. In compliance with the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021, grievances will be acknowledged within 24 hours and addressed within 15 business days.
Grievance & Fraud Notification Desk
If you encounter any suspicious listings, fake coordinates, or fraudulent profiles, report them immediately with supporting documentation: