Tamil Nadu RERA approves 16 projects
August 21, 2017

According to Durga Shankar, Union Housing and Urban Development Secretary, Tamil Nadu real estate regulatory authority has received 188 manual applications for registration of realty projects under the Real Estate (Regulation and Development) Act (RERA). Of these 16 projects have already received RERA registration numbers. Officials share that applications for 42 projects have been put on hold as they do not have complete information. The developers of these projects have been urged to furnish missing details in order for their applications to be processed at the earliest. Meanwhile, 64 applications have been received from real estate brokers in the state,…

Regularisation scheme for unathorised buildings in Tamil Nadu receives poor response
August 19, 2017

Not a single application has been filed with the exclusive portal launched by the Tamil Nadu government to regularise unauthorised buildings in the state. The portal was launched 20 days ago under the state’s regularization scheme but has failed to evoke any interest from property owners. Officials have informed that around 50 property owners in the Chennai Metropolitan Area have registered with the website so far. However, no application has been submitted yet. Similar trends have been noted in other parts of the state as well. Officials of other departments including Directorate of Town and Country Planning (DTCP) have witnessed…

GST pushes up apartment maintenance charges to 18%
August 10, 2017

Post the implementation of Goods and Services Tax (GST), people living in apartments under Residents Welfare Associations (RWAs) in Chennai have to pay extra three percent as a maintenance charge for their flats. Prior to the roll out of GST, maintenance chargers for apartments involved service tax of 15 percent which has now risen to 18 percent at several localities in the city, including Sholinganallur, Nalavur, Chemmencherry, and Kelambakkam. The maintenance charges in these areas range from Rs 3,000 to Rs 10,000 per month.  K Ketharinath, Secretary, Jains Saagarika Apartment Owners Association, MRC Nagar, has stated that the maintenance charges…

Tamil Nadu RERA allots registration numbers to 5 brokers
August 10, 2017

The Tamil Nadu Real Estate Regulatory Authority (TNRERA) has approved the registration of five property agents in the state. The registrations are valid for the next five years, post which they will have to be renewed. The Real Estate (Regulation and Development) Act (RERA) rules were notified in Tamil Nadu on June 22, and over 50 applications were submitted to the regulatory body till July 31. The authority has not set any deadline for registration of real estate brokers unlike developers who had to register by the deadline of July 31 set by the Centre. The government has urged homebuyers…

Height permit increased for low-rise buildings in Chennai
August 6, 2017

Chennai Metropolitan Development Authority (CMDA) has decided to allow special structures to increase their heights. Special structures here refers buildings with ground plus two floors or ground plus first floor with more than six units. C Vijayaraj Kumar, CMDA member secretary, stated that such buildings can now be built as high as 13.5 m and 10 m, respectively. It should be noted that the current height limits are set at 12 and nine metres, respectively. This announcement will please buyers of apartments in low-rise structures as they will have more space to install false ceilings, fancy lights, centralised air conditioning,…

Tamil Nadu RERA: Over 100 projects applied for registration on the last day
August 1, 2017

Developers in Tamil Nadu applied for the registration of over 100 projects on the last day of registration under the Tamil Nadu Real Estate (Regulation and Development) Act, 2016 (TNRERA). The Directorate of Town and Country Planning (DTCP) has shared a list of 106 real estate projects in the state that are outside the purview of the revolutionary Act. Most of these housing projects are spread across Kancheepuram and Coimbatore, while a few are located in Tiruchirappalli, Tirunelveli, Tiruppur, and Villupuram. Under Tamil Nadu RERA rules, all developers and real estate agents are required to register with the regulatory authority…

Property prices to rise in Tamil Nadu as government introduces new cess
July 30, 2017

The Tamil Nadu government has announced a shelter fund cess on buildings. This could push up prices of residential units in the near future. The new cess will be charged at a flat 75 percent of infrastructure and amenities (I&A) charges. All new structures under the Chennai Metropolitan Development Authority and the Directorate of Town and Country Planning will have to pay this new charge in order to obtain building plan approval. Meanwhile, realty projects up to 3,000 sq m as well as residential EWS projects with carpet area up to 50 sq m per unit will be excluded from this levy.…

Tamil Nadu RERA urges developers to register in time, warns of punitive action
July 28, 2017

The Tamil Nadu real estate regulatory authority formed as part of the Real Estate (Regulation and Development) Act (RERA) has urged state developers to stick to the registration deadline of July 31. Failure to register in time will lead to penal action. According to RERA rules, all ongoing projects in the state as well as the developers have to be registered with the regulator. Tamil Nadu RERA defines ongoing projects as all projects that have not received completion certificates as on May 1, 2017. The Act prohibits marketing and sale of such realty projects without prior registration. However, developers are concerned as…

Tamil Nadu RERA: Appointment of retired officials irks builders
July 27, 2017

The Tamil Nadu government has started appointing retired officials of the Chennai Metropolitan Development Authority (CMDA) in the state’s regulatory authority established under the Real Estate (Regulation and Development) Act (RERA). This is aimed at fastening the functioning of the regulator. However, the decision has sparked a protest by builders as several of the officials appointed have been under the scanner of the Directorate of Vigilance and Anti-Corruption (DVAC) in the past. Although corruption charges against them have been dropped, builders are wary about the integrity of the appointed personnel. R Radhakrishnan, Former National President, Builders’ Association of India, has…

Tamil Nadu launches RERA website
July 17, 2017

Tamil Nadu has finally launched the website for the regulatory authority formed as per the Real Estate (Regulation and Development) Act (RERA). All builders in the state must register with the state RERA before launching any new projects. Buyers may also file complaints on the regulator’s website. The process of registration under RERA involves furnishing various details about the projects and making them publically accessible on the website. Some prominent information needed are details about the promoter and his firm, details about completed and ongoing projects, his experience in the real estate sector, etc. In addition, details about any litigation on…

Tamil Nadu proposes rent authority under Landlords and Tenants Act
July 17, 2017

Tamil Nadu government has expressed its intention to set up a rent regulatory authority to deal with rent related issues in the state. To achieve the same, the state government has introduced a bill to promulgate the Tamil Nadu Regulation of Right and Responsibilities of Landlords and Tenants Act, 2017 in the assembly. This new bill will replace the existing Tamil Nadu Building (Lease and Rent) Control Act, 1960. Housing and urban development minister Udumalai K Radhakrishnan commented that the Tamil Nadu Regulation of Right and Responsibilities of Landlords and Tenants Act, 2017 will be formed on the lines of the model bill suggested by…

Madras HC asks Chennai authorities to act against illegal structures in T Nagar
July 16, 2017

The Madras High Court (HC) has asked regulatory bodies in Chennai to submit status report about the unauthorised developments in T Nagar. This signals the next round of litigation about the safety of buildings in T Nagar, which had been built in violation of approved plans. Unauthorised buildings in T Nagar has been a worrisome issue since 2006, with several judgments and directives. While several structures survived demolition orders, a few buildings demolished the offending portions to make the property in adherence with the approved plans. However, experts state that most of the buildings in the area still continue to…

T Nagar smart city projects to begin in August
July 15, 2017

To take a step further in the implementation of Smart City Mission initiated by the central government, the Greater Chennai Corporation is more likely to begin the development projects in T Nagar from next month onwards. T Nagar was included under the Smart City Mission back in 2015. The authority would initiate the infrastructural enhancements of 23 interior roads in the city including the Maharajapuram Santhanam Salai and Muthurangan Salai. These enhancements include Wi-Fi connectivity, rain water harvesting pits, smart lamp posts, wider footpaths, and parking areas. Other key projects include construction of a new multi-level car parking facility, redevelopment…

Chennai Metro Phase 2 kick started
July 11, 2017

The Chennai Metro Rail Limited (CMRL) has initiated preliminary activities for the second phase of the project in the city as the construction of the first phase, stretched over 45 km, is on the verge of completion. With three corridors – between Madhavaram and Siruseri, Chennai Mofussil Bus Terminus in Koyambedu to Light House, and Madhavaram to Sholinganallur, CMRL's second phase is expected to cover a stretch of more than 107 km and is likely to cost about Rs 85,000 crore. However, the project is awaiting approval from the central government. Officials have informed that land acquisition process at Madhavaram…

No website for Tamil Nadu RERA till now; manual registrations commence
July 9, 2017

While Tamil Nadu has notified its rules for the Real Estate (Regulation and Development) Act, the regulatory authority is yet to be formed. The Secretary, Housing and Urban Development department has been appointed as the interim regulator, share experts. In the absence of a website for the regulatory authority, the state has commenced manual registration of developers and projects. The website is expected to be ready in another week. Officials share that this move has been prompted by the Union Ministry of Housing and Urban Poverty Alleviation’s order asking Tamil Nadu’s interim regulator to immediately commence registration of realty projects…

New Tamil Nadu housing policy in the pipeline
July 9, 2017

The Tamil Nadu government has proposed a new housing policy to provide adequate housing facilities for the economically weaker section (EWS) in the state. Announcing the same, Chief Minister K Palaniswami commented that the new policy would have provisions aimed at reducing the cost of construction in order to allow the poor to afford shelters. The policy will also attempt to promote urbanisation and infrastructure across Tamil Nadu, ensure provision of basic amenities, amending master plans as well as development control rules. Further, the government will also fix timelines for building approval under the policy. Palaniswami also announced the state government’s intention…

Coimbatore seeks increased production of manufactured sand
July 9, 2017

Restricted supply of sand has hit Coimbatore’s real estate market. With the supply dropping from 40,000 loads to just 4,000 a day, construction and realty players have become dependent on manufactured sand (M-sand). However, since there are just 12 manufacturers of the material in the region, developers have requested the government to enhance the production of M-sand. Experts share that the total capacity of M-sand production in Coimbatore is 50 loads, which is insufficient to meet the demand. While other states produce M-sand is much larger capacity, Coimbatore developers are prohibited from purchasing from them by the Mines Act. This…

Chennai metropolitan area to be expanded seven times
July 4, 2017

With an aim to counter the effect of rapidly surging population in Chennai, Udumalai K Radhakrishnan, State Housing and Urban Development Minister, has decided to increase the Chennai Metropolitan Area (CMA) to cover 8,878 sq km from its current 1,189 sq km. This will bring in districts like Kancheepuram and Tiruvallur under the jurisdiction of authorities responsible for CMA. The move has been proposed to regulate development process in the suburban areas of Chennai and to bring infrastructure at par with economic activities prevalent in the region. The State government intends to draft a strategical regional plan to ensure sustainable…

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