• Customer Care
  • +91 76773 01010
  • Back of Sahay Sadan Campus,
  • Opp. Taramandal, Patna, Bihar, India

Latest News

image

TN RERA Notification Finally Out !

Source : 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.

 

Note: All Inforamtion provided by third party source.

Comments

No Comment found


LEAVE A COMMENT