CHENNAI: The Tamil Nadu government has identified three places for the proposed Real Estate Regulatory Authority, which will come into being once Tamil Nadu Real Estate (Regulation and Development ) Act 2016 is passed by the State Assembly.
The three sites identified by the Chennai Metropolitan Development Authority are located in the Tamil Nadu Housing Board Periyar building office in Teynampet, the first floor of the TANSI headquarters building in Guindy Industrial Estate and the SIDCO headquarters building in the Guindy Industrial Estate.
It seems that the SIDCO headquarters building in Guindy Industrial Estate, which has 15,000 square feet of office space on the two floors of the nine-floor office building with centralised air-condition facility with adequate parking space, could be targeted by the State government.
The State Housing Board building in Teynampet does not have reserved parking space while the TANSI headquarters building in Guindy Industrial Estate does not have centralised air-condition facility to accommodate the authority.
Meanwhile, RERA will have authority members that include a chairperson and two members. It would also have appellate tribunal that will have chairperson with two members with a supporting team of officials that include planning and finance officials. It will also have components like a legal cell, administrative unit and a supporting team of office assistants, driers and steno-typists. However, the only issue of concern for experts is having planners from Chennai Metropolitan Development Authority and Directorate of Town and Country Planning officials on deputation. “Since these officials from the CMDA are involved in giving planning consent to builders, it will be unfair to have them again in a body which would try the builders as well as the planning body for flaws. There may be a chance of RERA being biased in its approach,” warned a former planner.