In the recent development to implement RERA across India, the Ministry of Housing and Urban Poverty Alleviation has asked the Tamil Nadu RERA to tag RERA registration process and grievance hearing related to realty sector of Andaman.
Giving a bit more trouble to the builders, the Tamil Nadu Real Estate Regulatory Authority (TN RERA) has sent notices to the developers in Chennai Metropolitan Area (CMA) who have failed to register their projects with the authority.
It seems that the Tamil Nadu Real Estate Regulatory Authority (TN RERA) is all set to regulate the real estate sector of the state. In its latest verdict, the TN RERA penalized two developers with a whopping fine of Rs. 1 lakh for failing to register their ongoing projects with the authority.
The Tamilnadu state government recently launched the website for Tamilnadu Real Estate Regulatory Authority, TNRERA.
Counting to regulate the rental sector in the real estate market of Tamil Nadu, the state government on Friday introduced a bill named the Tamil Nadu Regulation of Right and Responsibilities of Landlords and Tenants Act, 2017.
To enhance professionalism and infuse transparency in the real estate sector of the state, the Tamil Nadu government has implemented the Real Estate (Regulation & development) Act, RERA last week.