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    Tamil Nadu RERA seeks quarterly report on housing projects

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    TNRERA

    A notice uploaded on the TNRERA’s portal said the project report for each quarter starting from the date of registration should be provided under Rule 17 of the Tamil Nadu Real Estate (Regulation and Development) Rules 2017. Accordingly, information such as the number and types of apartments or plots booked, number of parking lots, stage of construction of each floor and common amenities with supporting photographs, besides the sanction letter from the banks and finance companies for loan must be submitted to the real estate authority in PDF format in a CD.

    More than 400 housing projects across the state have been registered with TNRERA this year . The Real Estate Act came into effect after the government notified the Tamil Nadu Real Estate (Regulation and Development) Rules, 2017 in June last year. According to the rules, ongoing housing projects with a minimum of eight units and new residential layouts must be registered with the TNERA.

    Info- https://realty.economictimes.

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