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The Builders Association of India called for urgent reforms to streamline the approval process of the Tamil Nadu Real Estate Regulatory Authority (TNRERA), highlighting delays and compliance challenges. Developers reported that approvals often exceed the 30-day timeline, suggesting improvements like raising all queries at once and inviting applicants to meetings for faster clarifications. They also proposed leniency in land measurement discrepancies, exempting CA signatures from quarterly reports, and allowing scanned copies of documents for redevelopment projects. Concerns over public disclosure of legal title documents and penalties for pre-RERA sales were raised, with developers urging a more balanced and efficient approach to boost the sector.
The Builders Association of India had raised concerns about the need for urgent reforms to streamline the approval process of the Tamil Nadu Real Estate Regulatory Authority (TNRERA). They emphasized various challenges that were causing significant delays and creating compliance burdens for developers. Builders had pointed out that the approval process often took 50 to 60 days, which was considerably longer than the stipulated 30-day timeline. To address this, developers suggested that all queries should be raised together at once to avoid piecemeal responses, and that applicants should be invited to attend authority meetings to expedite clarifications. They noted that this practice, which had been successfully adopted by the Chennai Metropolitan Development Authority (CMDA), had proven effective in speeding up the approval process. Advertisement
Another major concern raised by developers was the issue of discrepancies in property measurements, particularly with regard to land extents in layouts. Builders had proposed that the authorities show more leniency in allowing minor differences in measurements, as these small variations were often unavoidable and did not significantly impact the overall project. By doing so, they believed it would help avoid unnecessary delays in project timelines.
Additionally, developers had urged the authorities to exempt quarterly progress reports (QPRs) from requiring the signature of a Chartered Accountant (CA), citing the significant costs associated with this requirement. They argued that removing this obligation would reduce financial burdens for developers, especially small-scale builders.
The Builders Association also made several other suggestions aimed at improving the efficiency of the approval process. For example, they recommended that scanned copies of original documents be accepted for redevelopment projects, which would help in reducing the administrative workload. They further proposed that only the last page of soil test reports should require a signature, instead of the entire report, thereby simplifying the process. Additionally, they suggested enabling better document sharing between agencies such as the CMDA, the Directorate of Town and Country Planning (DTCP), and the Tamil Nadu Real Estate Regulatory Authority (TNRERA) to avoid redundant submissions and streamline the approval workflow.
Another concern raised by developers related to the public disclosure of legal title documents, which they believed could potentially be misused by malicious entities. Builders had called for restricted access to these documents to protect property owners from potential fraud or exploitation.
Furthermore, builders had expressed concerns about the penalties for selling units before receiving RERA approval. They had emphasized the need for a more balanced approach to penalties, particularly in light of a recent circular that outlined substantial fines for non-compliance. Developers argued that while penalties were necessary to ensure compliance, the approach should take into account the complexities of the approval process and the various challenges that developers face.
In conclusion, the Builders Association of India believed that these proposed reforms, if implemented, would significantly enhance the efficiency of the approval process and ease the compliance burdens on developers. By addressing these challenges, they argued, the construction sector would be better positioned to contribute to the growth of the real estate market in Tamil Nadu.
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