Tamil Nadu RERA to give info on projects delays

RERA-293x221 - CopyBy Accommodation Times Bureau


Now, under the Tamil Nadu Real Estate Regulatory Authority (TNRERA) home buyers in Tamil Nadu will be provided information on the number of ongoing projects that are registered with TNRERA and are delayed beyond the completion date.

The Union Ministry of Housing advised the State government to include the details in the interest of home buyers at TNRERA portal.

As per the Real Estate Regulation and Development Act (RERA), the Centre has sought a number of ongoing projects that are required to be registered.

“Such information needs to be regularly updated on the web portal on a monthly basis,” a Union Housing Ministry source said.

K M Sadanandh of Association of Professional Town Planners said the portal lacks information mandated by TNRERA Rules.

As per TNRERA, , those projects that have applied for Completion Certificate before June 22, 2017, and whose application have been rejected will have to be listed on the TNRERA website. More than five months have passed, yet the list of projects that were denied Completion Certificate is not on the website, and those developers who got Completion Certificate prior to May 1, 2017, are free from registering with TNRERA.

He said, Real Estate Regulation Act was to ensure transparency in real estate sector but with such half-hearted measures, the very purpose of the Act has been diluted.

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