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Urgent reforms needed to streamline Tami Nadu RERA processess BAI

Nov 25 2024

Urgent reforms needed to streamline Tami Nadu RERA processess BAI

Urgent reforms needed to streamline Tamil Nadu RERA processess BAI

Builders association of India has called for urgent reforms to streamline the Tamil Nadu real estate regulatory authority (TNRERA) approval process, highlighting key challenges that cause delays and compliance burdans. Developers say that approvals often take 50–60 days, far exceeding the stipulated 30-day timeline. They suggest raising all queries at once and inviting applicants to authority meetings for faster clarifications, a practice successfully adopted by CMDA. Concerns over discrepancies in property measurements were also raised. Builders proposed leniency for minor differences in land extents, especially in layouts, to prevent unnecessary delays. Additionally, they urged authorities to exempt quarterly progress reports (QPRs) from requiring CA signatures, citing significant costs. Other suggestions included accepting scanned copies of original documents for redevelopment projects, requiring only the last-page signature on soil test reports, and enabling document sharing between agencies such as CMDA, DTCP, and RERA to avoid redundant submissions. Addressing penalties for selling units before RERA approval, builders emphasised the need for a balanced approach, given the fines outlined in a recent circular. These reforms, they argue, will boost efficiency and ease compliance for the construction sector.

 

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