TNRERA i.e. the Tamil Nadu Real Estate Regulation Authority recently announced non-issuance of the completion certificate to the housing projects that are not registered with us. Interestingly, no housing units can be up for sale or can be occupied without occupying a completion certificate.
S Krishnan, the Housing and urban development secretary directed the member secretary of the Chennai Metropolitan Development Authority (CMDA) and commissioner of town and country planning to incorporate the registration of projects with the TNRERA and to make it a condition to get clearance and other planning permissions. This will make registration of projects with TNRERA compulsory criteria for the issuance of a completion certificate.
The recent order by the Government, under housing and urban department, stated that terms to make TNRERA mandatory should be the part of Tamil Nadu Combined Development Regulations and Building Rules, 2018.
The RERA act came into effect in this southern state post its notification as the Tamil Nadu Real Estate (Regulation and Development) Rules, in June 2017. According to the rules, all housing projects with a minimum of eight units and new residential layouts should be registered under TNRERA, the realty regulator.
In the data shared by the Tamil Nadu Real Estate Regulation Authority, a total of 280 residential projects were registered in 2017 and approximately 525 residential projects all across the state have been registered with the authority this year.
A TNRERA official said that many developers are getting away with the completion certificate even without getting their projects registered with the authority. We want to stop this and hence the developers now required to provide their registration number to avail the completion certificate.