TNRERA puts on the website list of ongoing project " Not meant for sale ".
Dated on: Thursday 1st February 2018
The realty regulator of Tamil Nadu has published list of 40 ongoing projects in Chennai which are not available for sale for buyers .Promoters of these projects received legal notice from TNRERA to get themselves registered with RERA as they are in scope of RERA act. Promoters clarified to TNRERA that these projects are meant for self use only.Thus units are not eligible for sale to general public.
Section 3 of the RERA states that Promoter of the ongoing projects who have not registered with RERA are not allowed to sale any stretch of the project .
Buyers cannot make purchase from these 40 ongoing projects in Chennai.