7 months ago
2
“All transactions betwixt buyers and promoters should beryllium transparent,” said Tamil Nadu Real Estate Regulatory Authority (TNRERA) chairperson Shiv Das Meena, astatine an consciousness programme successful Coimbatore connected Saturday.
He added, “No crippled should beryllium advertised, booked, oregon sold without registration nether TNRERA, and violations tin pull a punishment of up to 10% of the task cost.”
He emphasised that transparency successful transactions would enactment the maturation of the existent property sector.
“The authorization registers and monitors existent property projects and agents, resolves grievances, and ensures that promoters comply with registration requirements earlier advertizing oregon selling projects,” helium said.
So far, 31,179 projects person been registered nether TNRERA, with Tamil Nadu accounting for astir 21% of the full registered existent property projects successful the country, adjacent lone to Maharashtra.
The programme was organised to make consciousness astir the Real Estate (Regulation and Development) Act, 2016.
Around 150 developers and builders from Coimbatore and the occidental portion participated successful the event. Handouts connected the Act were fixed to each participants to reenforce compliance and accountability successful existent property transactions.
Members of TNRERA and Corporation Commissioner M. Sivaguru Prabakaran were besides present.
