TNRERA REGISTRATION GUIDE
The Tamil Nadu RERA act has made waves in the way real estate functions in the state. Introduced to combat fraud in real estate transactions, this act aims to regulate the sale and purchase of the property. Investments in real estate are considered to be risky because of unexpected factors in the real estate sector such as delayed possession, poor construction quality, etc. As per the RERA Act, each state must have its own RERA body that regulates real estate. Similarly, the Tamil Nadu Rera Act was passed in March 2016 and caters to the real estate body of Tamil Nadu. Here is what you need to know about the act. Functions of RERA Tamil Nadu 1. To cater to an d empower home buyers and real estate developers. 2.To create a transparent real estate market that values accountability from all stakeholders. 3.Offer speedy redressal for the concerns raised. 4. Foster a favourable environment to promote real estate investments. 5.To ensure that projects are executed in a...