TNRERA slowly as­sert­ing its author­ity

The real es­tate reg­u­la­tor asks AWHO to get its project in Coim­bat­ore reg­is­tered

The Hindu - - TAMIL NADU - T. Ra­makr­ish­nan

The Tamil Nadu Real Es­tate Reg­u­la­tory Author­ity (TNRERA), which started func­tion­ing since late June 2017 with­out a full-fledged chair­per­son, has be­gun mak­ing its pres­ence felt in the real es­tate sec­tor.

Its lat­est or­der of November 8, con­cern­ing a hous­ing project in Coim­bat­ore, il­lus­trates that it is grad­u­ally bring­ing un­der its scan­ner dif­fer­ent pro­jects through­out the State. In the or­der, the author­ity re­jected arguments ad­duced by the Army Wel­fare Hous­ing Or­gan­i­sa­tion (AWHO) for ex­emp­tion of reg­is­tra­tion of its project — “Ra­man Vi­har Project” — at Chin­navedampatti vil­lage of Coim­bat­ore where 496 houses had been pro­posed to be built.

Es­sen­tially, the de­vel­oper had sub­mit­ted that the project, which was launched in 2012, fell out­side the am­bit of the law, which came into ef­fect much later. While the law Real Es­tate (Reg­u­la­tion and De­vel­op­ment) Act – re­ceived Pres­i­den­tial assent in March 2016, the Tamil Nadu govern­ment, in June 2017, framed rules to im­ple­ment the law.

How­ever, the author­ity held that the project in ques­tion was an on­go­ing one and di­rected the AWHO to get it reg­is­tered.

The or­der is to demon­strate the author­ity’s ea­ger­ness in ad­dress­ing is­sues con­cern­ing the pub­lic, ac­cord­ing to a se­nior official in the Hous­ing and Ur­ban De­vel­op­ment depart­ment, adding that of late, the pace of work of the TNRERA had picked up. The body has been im­press­ing upon builders and de­vel­op­ers of hous­ing pro­jects to ad­here them­selves to the new rules, says the official.

Im­pact of work

S. Ramaprabhu, sec­re­tary of the south­ern cen­tre of the Builders’ As­so­ci­a­tion of In­dia, says play­ers in the sec­tor have started feel­ing the im­pact of the author­ity’s work. The TNRERA is ad­vis­ing those who have ap­plied for reg­u­lar­i­sa­tion of un­ap­proved lay­outs or got their lay­outs reg­u­larised to get reg­is­tra­tion done.

As for the ab­sence of a full-fledged chair­per­son, the BAI of­fice-bearer says, “We, in the in­dus­try, do not view it as an is­sue be­cause S. Kr­ish­nan, Prin­ci­pal Sec­re­tary (Hous­ing and Ur­ban De­vel­op­ment), who is func­tion­ing as the chief, is per­form­ing his role well.”

Point­ing out that rules re­gard­ing the TNRERA have been de­signed prop­erly, K.R. Meenakshi Sun­daram, a Madu­rai-based real es­tate de­vel­oper and a mem­ber of the Con­fed­er­a­tion of Real Es­tate De­vel­op­ers’ As­so­ci­a­tion of In­dia (CREDAI), says that de­vel­op­ers and pro­mot­ers in the south­ern part of the State have recog­nised the need for reg­is­tra­tion with the new body and “we are all fall­ing in line with what the law has pre­scribed.”

How­ever, he feels that the TNRERA has to make it­self more vis­i­ble and it should have ad­e­quate man­power in ma­jor cities of the State other than Chennai.

G. Shyam Sun­dar, an advocate spe­cial­is­ing in mat­ters con­cern­ing real es­tate, says TNRERA will do well to study the work­ing of its coun­ter­part in Kar­nataka, which is mak­ing in­tense ef­forts of in­ves­ti­ga­tion about un­reg­is­tered pro­jects.

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