Tamil Nadu Real Estate Regulatory Authority (TNRERA) Archives

Tamil Nadu’s realty sector is showing signs of revival

Tamil Nadu’s realty sector is showing signs of revival. November recorded the highest growth in the number of property registrations with a subsequent rise in revenue this year. ...

Moreover, insolvency resolution process has been ordered. “Institution of suits and continuation of suits against the developer in any court of law, tribunal or other authorities are prohibited,” the developer’s counsel said. However, the TNRERA adjudicating officer said the Supreme Court had stayed only the proceedings before NCLT. “Remedies under RERA to allottees were intended to be additional and not exclusive remedies,” Saravanan said citing the Supreme Court order. In another order relating to a housing project promoted by Marg Properties Limited at Pondur in Sriperumbudur, the TNRERA said provisions of RERA Act allows any person to withdraw a complaints from the disputes redressal forum at district, state or national level and file an application with the adjudicating officer under the RERA Act.

Regulations5 months ago

Buyers with pending NCLT cases can still seek relief from Tamil Nadu RERA

G Saravanan, adjudicating officer of TNRERA, said there was no conflict between RERA Act and the Insolvency and Bankruptcy Code. The Tamil Nadu Real Estate Regulatory Authority (TNRERA) has ruled...

Buyers can’t seek relief for home loan interests they pay: Tamil Nadu RERA

Regulations5 months ago

Buyers can’t seek compensation for interest on home loans

The case relates to a housing project executed by Canara Bank Officers Union to four homebuyers at Madukkarai, in the suburbs of Coimbatore. That a homebuyer...

Regulations6 months ago

TNRERA Orders Dubious Builder To Refund Money To Buyers

The builder, who failed to deliver the home on time, has been ordered to return Rs 28.33 lakh, an additional Rs 2.55 lakh, plus 10.15 percent...

TNRERA Registration Not Needed For Rental Homes

Regulations8 months ago

TNRERA Registration Not Needed For Rental Homes

Tamil Nadu RERA officials clear the air about project registration for developers who build homes specifically for renting purposes or for their personal use Earlier this...

TNRERA Wants Builders To Be Ready With Financial Plan

Regulations9 months ago

TNRERA Wants Builders To Be Ready With Financial Plan

TNRERA makes it compulsory for builders to present a financial plan in an attempt to protect the interests of homebuyers It is time for builders in...

Residents Of Tamil Nadu Give Cold Shoulder To Tenancy Act

Regulations1 year ago

Residents Of Tamil Nadu Give Cold Shoulder To Tenancy Act

Since its launch, merely 10 residents of Tamil Nadu have registered under the Tamil Nadu Regulations of Rights and Responsibilities of Landlords and Tenants Act 2017...

129 Real Estate Agents Register With TNRERA

Regulations2 years ago

129 Real Estate Agents Register With TNRERA

Of the total numbers of registrations, 95 registrations are from Chennai, with the rest belonging to other towns and cities. A total of 129 real estate...

Regulations2 years ago

Telangana To Launch RERA on Sept 1

The Telangana government will be launching the Real Estate Regulatory Authority (RERA) in its full format along with a website and the means to make online...

Mahindra Lifespaces Opens Its 5th Residential Project In Chennai

Residential News2 years ago

Mahindra Lifespaces Opens Its 5th Residential Project In Chennai

Mahindra Lifespace announced the launch of its fifth residential project in Chennai called Lakewoods, which lies in the area of the Mahindra World City on the...