TNRERA receives 188 applications for registration of realty projects

Chennai:

Tamil Nadu Real Estate Regulatory Authority (TNRERA) has received 188 applications manually for registration of real estate projects and 16 of them have been approved and registration number has been assigned to them.

This was disclosed as Union Housing and Urban Development Secretary Durga Shankar along with additional secretary in the Union Ministry of Housing and Urban Affairs Rajiv Ranjan Mishra and other Union government officials reviewed the implementation of Real Estate (Regulation and Development) Act (RERA), 2016 and other projects in the state.

Sources informed Express that 42 applications for registration of real estate projects are being held back due to lack of particulars for processing the file. It is learnt that letter has been sent calling for the particulars. The remaining 130 applications are being processed.

Similarly, for the registration of real estate agents, a total of 64 applications have been received of which 18 have been approved and issued registration number. Sources said that 20 applications are being held back as they lack particulars and details have been sought. The remaining 26 applications are currently being screened, the sources added.

Interestingly, the applications which are to be submitted after July 31 deadline was to be penalised, as per an official release. But no details are available in this regard.

Similarly, a website which has been created for Tamil Nadu Real Estate Regulatory authority (www.tnrera.in) lacks transparency as the details of former CMDA employees who have been assigned the new task under the Interim RERA is missing, said developers.

Meanwhile, the online registration process, which is under development, will be operational in a week thus resulting in online registration of projects.

Factfile:

TNRERA:

Real Estate Project registration applications  

No of applications received: 188

No projects approved and Reg No assigned: 16

Projects lacking particulars: 42

Projects under scrutiny: 130

Real Estate Agents Applications:

No of applications received: 64

No projects approved and Reg No assigned: 18

Projects lacking particulars: 20

Projects under scrutiny: 26

Box:

Metro Rail Second Phase project reviewed

EXPRESS NEWS SERVICE:

The Union Secretary for Housing and Urban Affairs reviewed the Second Phase of Chennai Metro which includes three Metro Rail corridors.

Of the 107 km plus stretch (excluding the extension till Poonamallee), more than half would be underground and the remaining elevated. The total cost as per the feasibility report is estimated at Rs 42,000 crore. The cost of the underground stretch is Rs 32,000 crore while the elevated stretch is Rs 10,000 crore.

The Union Housing secretary also reviewed Pradhanmatri Away Yojana project implemented by the state