The developers in Tamil Nadu have complained about delaying project registration due to staff shortage in TNRERA i.e. the Tamil Nadu Real Estate Regulatory Authority.
According to the RERA Act, the developers must register all ongoing projects with the respective state RERA authority. The residential projects with a minimum of eight units and 5000 sq ft are must to be registered with the concerned RERA authority.
The Tamil Nadu Real Estate Regulatory Authority is taking necessary actions to appoint RERA officials permanently as work is getting hampered due to insufficient staff.
An industry expert said that a minimum of two months are required to register projects with TNRERA. Apart from this, a developer said that RERA registration has become essential to qualify for the loans. Also, we cannot sell or promote the project(s) until it is registered with the Tamil Nadu Real estate Regulatory Authority.
Another developer said that staff shortage is hampering our work as we have received registration numbers only for three projects in the last two years. The number of project registrations under TNRERA has diminished this year with merely 256 housing projects under its umbrella till 4th September.
In 2018, 380 projects were registered under the Tamil Nadu Real Estate Regulatory Authority. The authority has approved 26 sanctioned posts but currently, it has a handful staff on the payroll that also includes the retired officials from the Chennai Metropolitan Development Authority who are appointed at senior positions.
S Sridharan, CREDAI i.e Confederation of Real Estate Developers’ Association of India, TN Chairman, talked about receiving complaints from the members related to delay in registrations with the TNRERA.
He further said that TNRERA must set a deadline for registration.
On the other hand, K Gnanadesikan, TNRERA Chairperson said that the primary reason behind incomplete applications is a lacuna on part of developers was the main reason for delay.