Buying Property in Chennai? Don't Forget Your RERA Shield! 🛡️🏠
Planning to invest in your dream home in Namma Chennai? Before you sign any documents, it's crucial to understand your rights under the Real Estate (Regulation and Development) Act, 2016, better known as RERA.
The Tamil Nadu Real Estate Regulatory Authority (TNRERA) is here to protect you, the homebuyer!1 Here’s how:
✅ Transparency is Key: Builders must register their projects with TNRERA.2 You can verify project details, approvals, and completion timelines on the official TNRERA website.3
✅ No More Delays: RERA mandates timely completion and handover of projects. If a developer defaults, they are liable to pay compensation.4
✅ Carpet Area Clarity: You pay for the area you actually get to use! RERA requires builders to sell properties based on carpet area, not super built-up area.5
✅ Quality Assurance: The developer is responsible for rectifying any structural defects for up to five years after possession.6
Before investing your hard-earned money, always check if the project is TNRERA-approved. A little homework goes a long way in securing your investment and ensuring peace of mind!
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