Tamil Nadu RERA revises fee for filing complaints
June 20, 2018

The Tamil Nadu Real Estate Regulatory Authority (Tamil Nadu RERA) has increased the fees for filing complaints against the developers and projects under the Real Estate (Regulation and Development) Act (RERA). The fee revision comes into immediate effect. Now, for making complaints with the Authority under Section 31, RERA Act, the Authority will charge Rs 1,600. The hiked fee includes an additional payment of Rs 600 towards postage charges. Section 31 reads that any aggrieved homebuyer can file a complaint with the authority for any violation of the provisions of the Act. Similarly, the fee has been increased for the…

Regulations for Tamil Nadu RERA notified
June 18, 2018

The Tamil Nadu government has notified regulations of the Tamil Nadu Real Estate Regulatory Authority (TNRERA). The notified regulations unlock the procedures to be taken into consideration while registering ongoing real estate projects, filings complaints and grievances and solving the cases under the Act. Officials have shared that the recently notified regulations have provided a format which needs to be served at the time of withdrawing the 70 percent deposits from the bank account at different stages of construction of the project. Now, the complainant can check the status of all the cases pending or resolved by the real estate…

Chennai: Centre requests state to share revised metro proposal
June 16, 2018

The Central government has urged the state to revise its proposal as per the recent metro policy for the Phase 2 metro rail project covering a distance of 107.55km. The Metro Phase-2 has been planned with three corridors that will link the northern and southern suburbs with the rest of the city. The anticipated cost for the project is Rs 85,047 crore.  Durga Shanker Mishra, secretary, The ministry of housing and urban affairs (MoHUD) shared that the state is preparing the proposal as per the new metro rail policy. The final plan will be submitted soon and will be taken…

Chennai civic body eases land reclassification process
June 11, 2018

In a bid to avoid unreasonable delay in processing the reclassification of land use applications in the Chennai Metropolitan Area (CMA), the Chennai Metropolitan Development Authority (CMDA) has introduced a series of measures including admission of such applications directly by the planning authority. The reclassification applications until now were admitted to the concerned local body, which would then be sent to the civic body for processing. As per a recent directive by the CMDA, the reclassification proposals may also be submitted directly to the CMDA along with all the documents prescribed under the checklist, in addition of submitting the same…

Tamil Nadu RERA publishes list of rejected projects on its website
May 8, 2018

Tamil Nadu Real Estate Regulatory Authority (TNRERA) has uploaded a list of rejected projects on its official RERA portal. Till now, only three projects have been rejected by the regulatory authority. List of Tamil Nadu RERA rejected projects - Click to Download Till now, Tamil Nadu RERA has approved nearly 475 real estate projects across the state. About 280 realty agents have got the registration certificate, coupled with a validity of five years. Officials have advised homebuyers to check approved list of projects and agents before making any final purchase decision. Experts advise buyers to only purchase realty properties from…

Chennai sees a sudden spurt in registration of unapproved plots
May 2, 2018

With the deadline for regularisation of unapproved plots in Chennai coming to an end on May 3, 2018, applicants are rushing to register under the amnesty scheme. Over 66,000 applications have been registered to regularise unauthorised plots in a span of one week while around 1.91 lakh applications have been received across Tamil Nadu. The scheme which was introduced in May 2017 will probably be extended by six months in order to regularise more unapproved plots. According to Ramaprabhu, Vice-Chairman, Builders' Association of India's Southern Centre, simplification of regularisation process along with several government camps set up across the state…

Sand bidding auction to end today in Tamil Nadu
April 29, 2018

The Tamil Nadu government’s fate to import five lakh tonnes of natural river sand for construction activities will be known on Friday, when the final day for the bidding process comes to an end. While officials are reticent about how many individuals or organisations have shown interest to import the sand, sources confirm that the website did not receive a large amount of traffic. The decision to import sand comes as the realty industry in the state has come to a halt due to acute shortage of river sand, causing delay in construction of projects and affecting those dependent on…

TN Govt: Completion Certificates mandatory for all buildings
April 27, 2018

In order to stop building violations, the Tamil Nadu government has made Completion Certificate (CC) compulsory for buildings falling under the ambit of Directorate of Town and Country Planning (DTCP) across the state. The provision instructs physical site inspection by planning authorities at two critical stages of construction to make sure that the building complies with the approved plan. A newly constructed building after getting planning permission from the DTCP cannot be occupied without obtaining CC or else utility services such as water and power supply will be disconnected. The government is determined to accept the proposal of Commissioner of Town…

Tamil Nadu RERA: List of approved projects and agents
April 23, 2018

As of now, 27 states and Union Territories (UTs) have notified Real Estate (Regulation and Development) Act (RERA). The Tamil Nadu government had notified rules along with its RERA website for online registration of ongoing projects in the state. The state government has not appointed a permanent regulator yet. The Secretary, Housing and Urban Development Department has been appointed as an interim regulator. As per the latest information available on the Tamil Nadu RERA website, 450 real estate projects have successfully registered under the Act. About 256 realty agents have received the registration certificate, valid for five years. Interested homebuyers…

‘Outside RERA ambit’ status must be mentioned in adverts: TNRERA
April 23, 2018

In Tamil Nadu, all developers have been asked to mention in the advertisement if their real estate project does not fall within the ambit of the Real Estate (Regulation and Development) Act (RERA). The Tamil Nadu Regulatory Authority (TNRERA) has taken a decision to infuse more transparency in the real estate sector across the State. Officials have shared that a homebuyer must know whether the project falls under the RERA ambit or not. As per RERA norms, only RERA approved projects can be advertised or marketed. Advertising unapproved RERA projects will attract a hefty penalty. All promoters and developers have…

Press Release

SARE Homes launches premium serviced plots in Chennai
April 23, 2018

SARE Homes launches premium serviced plots in Chennai23rd April 2018 Gurgaon-based real estate developer, SARE Homes has recently launched premium serviced plots at the SARE Crescent ParC Township, Old Mahabalipuram Road (OMR), Chennai. These plots are flanked by East Coast Road and OMR link road, the stretch being an emerging residential area and IT corridor. There will be a total of 113-premium serviced plots in two different measurements - 1,200 sq ft and 2,400 sq ft. The buyers of the premium serviced plots will enjoy the plush amenities of SARE Crescent ParC Township which includes High Mast lighting, storm water…

Press Release

TVS Emerald launches luxury apartment complex in Chennai
April 12, 2018

TVS Emerald launches luxury apartment complex in Chennai12th April 2018 Chennai-based developer, TVS Emerald launched a new residential housing project - LightHouse - in Chennai. After GreenAcres in Kolapakkam and GreenHills in Perungalathur, LightHouse is the third project of TVS Emerald. This project is located in the emerging IT hub of the Pallavaram-Thoraipakkam radial road and opposite the forthcoming Embassy Splendid Tech Zone. Further, it is strategically situated just 6-km away from the airport and enjoys easy access to the Pallavaram Railway station and GST Road. 

CMDA to seek public suggestions on city expansion
April 6, 2018

In a bid to alleviate fear over the expansion of the Chennai Metropolitan Area (CMA), the Chennai Metropolitan Development Authority (CMDA) is inviting public opinion in Kancheepuram and Tiruvallur districts under which, the public can voice their suggestions and objections on the ambitious plan. According to official sources, three meetings would be organised in Tiruvallur, Kancheepuram and Chennai districts in the second, third and fourth weeks of April respectively to collect the opinion of the locals. The meetings are occurring at a time when a segment of locals has raised apprehensions over danger to agricultural land in these districts that…

Gr Chennai to get higher infra funding: Budget 2018-19
March 22, 2018

Greater Chennai Corporation (GCC) Special Officer, D. Karthikeyan focuses on civic development including car parking lots, roads, bridges, streetlight, and stormwater or flood rains in the latest state Budget for 2018-19. For the upcoming fiscal year, the civic body aims to have a capital expenditure of Rs 1,985 crore. Post revision, the estimate for capital funding in 2017-2018 is Rs 1,616 crore, down from earlier budget set at approximately Rs 2,185.95 crore. Triggered by an increase in employee count and pension payouts, the revenue spending in 2018-2019 is projected at Rs 1,522.31 crore. Some of the major points to be…

Mega transport hubs to come up in Chennai and Madurai
March 19, 2018

The Ministry of Road Transport and Highways (MoRTH) plans to establish two intermodal stations (IMS) in Madurai and Chennai that will incorporate multi-transport systems like taxis, buses, autorickshaws, suburban trains, and private vehicles. The stations will reduce the automobile use by providing hassle-free commuting by distinct modes of transportation to commuters. The project is intended to decongest traffic snarls in the State and National Highways of suburb cities. As per official sources, the anticipated stations are to be implemented through special purpose vehicles (SPVs) amongst the Bus Rapid System, National Highways Authority of India (NHAI), Mass Rapid Transport System, Southern…

Chennai local bodies certified to regularise unapproved plots: CMDA
March 13, 2018

The Chennai Metropolitan Development Authority (CMDA) clarified that city local bodies are authorized to regularize any unapproved plots. Now, owners of these plots can bypass applying through the online portal and local bodies are entitled to process the requests. This news comes at a time when complaints of regularizing unapproved plots were being refused to process by local bodies. These plots were registered before December 31, 1989, citing the Regularisation of Unapproved Plots and Layouts Rules, 2017, effective May 4, 2017. A recent letter by planning authority states that the allocation of powers to the local bodies for this purpose…

Gr Chennai Corp fixes property tax rate for pvt educational institutions
March 7, 2018

The Greater Chennai Corporation has abolished property tax exemption granted to private school and colleges following a January 11 order by the Tamil Nadu government and has fixed property tax rate for the same. The state government made amendments in the Chennai City Municipal Corporation Act, 1919 to revoke the property tax exemption granted to private educational institutions situated in municipal corporations of Madurai and Coimbatore besides other municipalities. Private educational institutes in the state would be assessed based on the prevailing tax slab applicable to residential developments in the locality and a 60 percent surcharge will be added to…

Tamil Nadu RERA: Over 40 agents registered in 2018
March 3, 2018

A total of 41 real estate agents have registered themselves with the Tamil Nadu Real Estate Regulatory Authority (TNRERA) in the first two months, January and February 2018. These new registrations have taken the total agent registration count across the state to 226. Officials have shared that out of 41 agent registrations, 30 of them are based in Chennai, and the remaining are from Madurai, Vellore and Tuticorin. All necessary details about the agents are available on the TNRERA's portal. According to the Tamil Nadu RERA rules, real estate agents are mandated to maintain books of account, records and documents…

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