Hi
I wanted to know if RERA Act is applicable for Chennai location for buyers of New Apartment Flat which is ready to occupy ? Please throw some light on this area, should I buy now a flat or should I postpone untill RERA Act comes ?
Thank You
JK (IPCC) 12 July 2017
Hi
I wanted to know if RERA Act is applicable for Chennai location for buyers of New Apartment Flat which is ready to occupy ? Please throw some light on this area, should I buy now a flat or should I postpone untill RERA Act comes ?
Thank You
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 12 July 2017
According to RERA, each state and Union territory will have its own regulator and set of rules to govern the functioning of the regulator. Centre has drafted the rules for Union territories including the national Capital. While many states are still behind on schedule for notification of RERA rules, many have notified rules and a regulator will start functioning. Some of these states are Haryana, Uttar Pradesh and Maharashtra.
Kumar Doab (FIN) 12 July 2017
Draft Rules are available on website:
https://cms.tn.gov.in/sites/default/files/rules/draft_realestate_rules_reg_2017_0.pdf
Go thru:
https://www.mirrornow.in/news/in-focus/rera-soon-to-be-a-reality-in-tamil-nadu/43831
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