The Tamil Nadu Real Estate Regulatory Authority (TNRERA) has declared a list of 40 ongoing construction projects in Chennai and published it on the RERA website, along with names of the developers and the construction site locations of Chennai including Anna Nagar, Saligramam, T Nagar, West Mambalam, Kilpauk and RA Puram. Officials stated that these listed projects including commercial properties cannot be advertised or sold to homebuyers.
Check the list of 'not for sale' projects - CLICK HERE
The Authority had issued notices to the developers for not registering themselves and their projects under the Act. The developers have replied that these buildings are not for sale to the general public.
As these structures are not registered with the Tamil Nadu RERA under Section 3 of Real Estate (Regulation and Development) Act, officials have put details for such ongoing properties on the RERA portal and advised homebuyers not to purchase these projects. A strict action will be taken if any of the 40 listed projects are marketed or advertised for sale purpose.
Ever since RERA rules notified in Tamil Nadu, a total of 212 real estate agents have successfully registered themselves with the regulatory authority. Apart from property agents, about 334 ongoing projects have been registered with the State's regulatory authority.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. 99acres does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.