TN RERA is being put in a critical position as the developers are complaining about project delays due to staff shortage. Developers are complaining that their projects are delayed as staff shortage has hit registration of housing projects with the Tamil Nadu Real Estate Regulatory Authority (TNRERA).
The RERA Act mandates registration of all ongoing housing projects with a minimum of eight units and 5000 square feet including housing layouts meant for sale. Following concerns over lack of staff slowing work, the real estate regulator is formalising service rules to appoint permanent workers.
According to industry sources, registration of housing projects with TNRERA consumes a minimum of two months. “RERA registration is crucial because housing projects would qualify for loans only after nod from the TNRERA. Moreover, housing units cannot be publicised or sold to customers in the absence of the RERA registration number,.
TNRERA’s registration dipped this year with 256 housing projectsunder its ambit till September 4, while 380 projects were registered during the corresponding period of 2018.
Though TNRERA has 26 sanctioned posts, it hardly has a handful of workers on payrolls with retired officials from the Chennai Metropolitan Development Authority being appointed in senior positions.
Confederation of Real Estate Developers’ Association of India (CREDAI) TN chairman, S Sridharan, said the developer’s body got complaints from their members over delay in registrations with the TNRERA. “The authority must set a deadline for registration,” he said.
K Gnanadesikan, chairperson of TNRERA, said incomplete applications, which is a lacuna on the part of developers, were the main reasons for delays.
“Moreover, there is no dip in registrations because we are receiving fewer number of applications this year compared to 2018. So far, more than 1100 projects have been registered across TN, since the inception of TNRERA in June 2017,” he added.
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