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Housing projects not registered under TNRERA can't be sold

Registered real estate agents cannot offer their services to sell housing projects that are not registered under the Tamil Nadu Real Estate Regulatory Authority (TNRERA).

According to sources with TNRERA, those, who have registered as agents with the realty regul

BY admin
Published - Tuesday, 03 Oct, 2017
Housing projects not registered under TNRERA can't be sold

Registered real estate agents cannot offer their services to sell housing projects that are not registered under the Tamil Nadu Real Estate Regulatory Authority (TNRERA).

According to sources with TNRERA, those, who have registered as agents with the realty regulator can provide their services for buying or selling housing properties between the promoter and buyer, only for the projects registered with the state’s RERA. This is as per the rules, the source added. About 110 real estate agents have registered with the TNRERA after the constitution of the realty regulator in the state on June 22 this year. Of these, 43 are individual real estate agents and the rest 67 have registered under the category of firms, as per the data available.

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