Tamil Nadu government warns builders who ignore RERA

Tamil Nadu government warns builders who ignore RERA
Jul 2017 , by , in Latest News

The Tamil Nadu Real Estate Regulatory Authority (TNRERA) has warned developers of penal action if they fail to register ongoing projects with the body by July 31. A release on Thursday said, under Section 3(1) of the Real Estate (Regulation & Development) Act, 2016, for projects in progress as of May 1, 2017, for which completion certificates have not been issued, promoters should apply for registration with TNRERA on or before July 31, 2017. “Failure to do so, will invite penal action under the provisions of Section 59,” the release said.

The builder community in the state is in dilemma as the official portal to register the projects was launched just two weeks ago. According to some developers, the RERA web portal of the state does not have the facility to upload the documents and hence they either have to email the documents or submit the applications in person to the TNRERA office in Chennai. They are facing technical issues over transferring large files through email and now the deadline is near.

Confederation of Real Estate Developers’ Associations of India (CREDAI), Chennai, vice-president S Sridharan said the delay of the state government in notifying the rules of the central act has resulted in a crisis. “Against this backdrop, the state government should allow registrations for at least 90 days from the date of notification in Tamil Nadu,” he said.

About Realty Plus

Loading...