TNRERA gets 483 real estate agent registrations
Real Estate

TNRERA gets 483 real estate agent registrations

As many as 483 realtors have registered with the Tamil Nadu Real Estate Regulatory Authority (TNRERA) till October 2021.

According to the data available with TNRERA's portal, a majority of the real estate agents, who have enrolled with the TNRERA, are under the individual category. The remaining have registered as companies.

The Tamil Nadu Real Estate (Regulation and Development) Rules, 2017 declare that all listed realtors must maintain books of account, records and documents under the terms of the Income Tax Act, 1961.

The Real Estate (Regulation and Development) Act, 2016 aims to organise and support the real estate sector by monitoring the transactions between buyers and promoters of residential as well as commercial projects.

It additionally has provisions for setting a regulatory authority at the state level called Real Estate Regulatory Authority (RERA) for handling the real estate sector and adjudicating disputes associated with Real Estate Projects. The principal aim of the Act is to protect buyers and ease investment in the Real Estate Sector.

Image Source

Also read: TN RERA to resolve complaints against projects made before 2016

As many as 483 realtors have registered with the Tamil Nadu Real Estate Regulatory Authority (TNRERA) till October 2021. According to the data available with TNRERA's portal, a majority of the real estate agents, who have enrolled with the TNRERA, are under the individual category. The remaining have registered as companies. The Tamil Nadu Real Estate (Regulation and Development) Rules, 2017 declare that all listed realtors must maintain books of account, records and documents under the terms of the Income Tax Act, 1961. The Real Estate (Regulation and Development) Act, 2016 aims to organise and support the real estate sector by monitoring the transactions between buyers and promoters of residential as well as commercial projects. It additionally has provisions for setting a regulatory authority at the state level called Real Estate Regulatory Authority (RERA) for handling the real estate sector and adjudicating disputes associated with Real Estate Projects. The principal aim of the Act is to protect buyers and ease investment in the Real Estate Sector. Image Source Also read: TN RERA to resolve complaints against projects made before 2016

Next Story
Real Estate

Mahindra Lifespaces Bags Rs 12.5 billion Redevelopment in Mulund

Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has been appointed as the preferred developer for the redevelopment of a premium housing society in Mulund (West), Mumbai. The project will be developed across a 3.08-acre land parcel, with an estimated development value of approximately Rs 12.5 billion. Strategically located, the site enjoys proximity to major connectivity points—just 1.4 km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. It also offers seamless access to the Eastern Expre..

Next Story
Infrastructure Urban

Snowman Adds Warehouses in Kolkata and Krishnapatnam

Snowman Logistics, India’s leading integrated temperature-controlled logistics company, has announced the commencement of operations at its two new state-of-the-art, owned cold storage facilities in Kolkata and Krishnapatnam. With these additions, the company’s total pallet capacity has reached 1,50,754, spanning 43 warehouses in 20 cities across the country. The newly operational Kolkata facility offers a storage capacity of 5,630 pallets, while the Krishnapatnam facility holds 3,927 pallets. These warehouses are equipped with advanced automation and infrastructure designed to enhanc..

Next Story
Resources

Noesis Enables IHCL Hotel Deal in Udupi–Manipal Corridor

NOESIS Capital Advisors, India’s leading hotel investment advisory firm, has successfully facilitated a landmark hospitality transaction in the Udupi–Manipal region of Karnataka. The deal involves the acquisition of a nearly completed, 130-key upscale hotel that will operate under one of the premium brands of IHCL, reinforcing NOESIS’ position as a preferred partner for strategic hospitality transactions across India. Strategically located on the Udupi–Manipal Highway, the 1.03-acre property will cater to business travellers, pilgrims and families visiting Manipal University. With..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?