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State told to give info on project delays

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

Published: 22nd November 2017 03:18 AM  |   Last Updated: 22nd November 2017 07:45 AM   |  A+A-

By Express News Service

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

This comes after the Union Ministry of Housing urged the State government to include the details in the interest of home buyers at large in the portal of TNRERA.

Similarly, the Centre has sought a number of ongoing projects that are required to be registered as per the Real Estate (Regulation and Development) Act but are not registered with the authority.
“Such information needs to be regularly updated on the web portal on a monthly basis,” a Union Housing Ministry source said.

The State’s TNRERA portal has been drawing flak from town planners. K M Sadanandh of Association of Professional Town Planners said the portal lacks information mandated by TNRERA Rules.

As per TNRERA, developers who got Completion Certificate prior to May 1, 2017 are exempted from registering with TNRERA. However, 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.

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.

The blame for withholding information about developers and their projects is being placed at the doorstep of former Chennai Metropolitan Development Authorities who are now part of Tamil Nadu Real Estate Regulatory Authority.



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