Welcome GUEST: Login Register Free membership call free | verified buyer |Advertise with us | CUSTOMER CARE

All India | Delhi | Kolkata | Noida | Patna | Pune | More... GO BACK

Welcome GUEST: Login Register Free membership call free | verified buyer |Advertise with us | CUSTOMER CARE

All India | Delhi | Kolkata | Noida | Patna | Pune | More... GO BACK
YOUR ARE HERE : > News/Events > TN RERA Notification Finally Out !

News/Events


TN RERA Notification Finally Out !

Posted on : 06 Jul, 2018

By Accommodation Times Bureau

The Tamil Nadu government notified the rules for Real Estate (Regulation and Development) Act (RERA) bringing all ongoing housing and plot development projects, except those that have applied for completion certificate, under the purview of the ambitious legislation with immediate effect.

The government has kept penal provisions for a fine of 10% of the project cost and/or three-year jail, but it was not clear what shortcoming on part of the builder will attract the punishment.As per the rules notified on June 22, projects in the Chennai Metropolitan Area (CMA), for which application for completion certificate has been filed with Chennai Metropolitan Development Authority (CMDA) along with a certificate from the architect/licensed surveyor/structural engineer associated with the project, are exempted from the act.For projects outside the CMA limits, where construction is structurally completed with all the columns, beams and slabs and certified by the architect or structural engineer/licensed surveyor associated with the project supported with photographs, are out of the ambit of RERA.

 

Go Back





Customer Care Number

Office Time: 10:30 AM - 7:30 PM

Advertisement

9835452674


Buy/Sales

7677301010

Real Estate Act (RERA)
MENU

CLOSE (X)

propertyhubworld.com
propertyhubworld.com
Close(X)
Send Your Enquiry

Companies

Copyright ©2014- 2018 Property Hub Management Pvt. Ltd. All rights reserved. Design & Developed by propertyhubworld.com Team