CHENNAI: The Chennai Metropolitan Development Authority is working on staff pattern for manning the Real Estate Regulatory Authority (RERA) which is likely to come into being by April this year.
Work is also apace to design the layout of the proposed website of RERA, which is mandatory under the provisions of the draft of Real Estate Bill to usher in transparency. The move comes as the state is preparing to implement Tamil Nadu Real Estate (Regulation and Development) Act. As per the draft, the RERA should have a chairman who would be selected through a search committee. The search committee has to suggest a panel of names possessing the requisite qualification and experience and suitability for being considered for appointment as chairperson or member of the authority.
Once the two members are selected, then the Government looks into the recommendations and appoints one of the two persons recommended by the selection committee for the vacancy of the chairperson or member. The chairperson will then decide on the total strength of the authority as well as matter pertaining to appointments, promotions and confirmation for all posts. Under RERA, the developer has to provide details on commercial and residential projects online.
Sources said that features of the proposed website of RERA detailing its main features are also being planned.
As per the draft, the developer has to get himself registered on website before starting a project as well as list all project clearances and details of it. The website will also provide updates about the project.
The website will have details of developer’s enterprise including its name, registered address, type of enterprise (proprietorship, limited liability partnership, society, partnership, company, competent authority) and the particulars of registration. The website will have the sanctioned plan, layout plan and specifications of the project or the phase thereof, and the whole project as sanctioned by the competent authority.
It will also have details of past or ongoing projects of the developer, the number, type and carpet area of apartments for sale in the project. Sources said that the CMDA was also assessing requirement of funds to operationalise the authority and its website.