No Completion Certificate To Housing Projects in Chennai Without RERA Registration
With a view to ensure greater compliance of rules, the Tamil Nadu Real Estate Regulatory Authority (TNRERA) has made it mandatory for housing projects to have a RERA registration number before they are issued a completion certificate.
In an order issued last month, interim TNRERA Chairman S Krishnan, who is also the state housing and development secretary, has directed the Chennai Metropolitan Development Authority to make RERA registration numbers a prerequisite for issuing completion certificates.
A completion certificate is a legal document that attests that a building has been constructed following all the construction norms. From the height of the structure to the material used in construction, this document talks about every single detail of the project. Developers require this document to apply for electricity, water and other such utilities in a project.
According to media reports, several developers have managed to receive completion certificates for their housing projects without registering them with the real estate regulator.
Since the launch of the Real Estate (Regulation & Development) Act, 2016, in Tamil Nadu in June last year, only 525 projects are registered with the state RERA till date. Under the provisions of the law, it is mandatory for all ongoing housing projects with at least eight units to register themselves with the authority. All new projects need RERA registration numbers to launch projects.