Awareness Programme on Real Estate Regulations

Port Blair
3 Nov 2017

The Government of India has notified the Andaman and Nicobar Islands Real Estate (Regulation and Development) (General) Rules. 2016 vide No.754 dated 31/10/2016 to carry out the provisions of Real Estate (Regulation & Development) Act 2016. Under the Act, no promoter shall advertise, market, book, sell or offer for sale or invite persons to purchase in any manner any plot, apartment or building, as the case may be, in any real estate project or part of it, without registering the Real Estate Project with the Tamil Nadu Real Estate Regulatory Authority (TNRERA) which has been appointed by Lt. Governor as Andaman & Nicobar Islands Real Estate Regulatory Authority (ANRERA). Registration of Real Estate Project with ANRERA is mandatory where the area of the project to be developed exceeds 500m2 or where the number of dwelling units proposed to be developed exceeds eight apartments.
Also the builders/developers while releasing advertisement in the media for their project will have to mention the Real Estate Regulatory Authority Registration Number as applicable without fail. For projects completed prior to notification of the Rules, the details of Completion Certificate/ Occupancy Certificate as applicable shall be mentioned. The Funding Institutions may also take note of the above direction. Similarly, property dealers, brokers, middle man by whatever name they be called shall also have to register with ANRERA. Failing to registering of project by the promoters or carrying out activities without registration as Real Estate Agent with ANRERA is an offence and shall be punishable with imprisonment or fine or both. Details in this regard, may be referred from the Tamil Nadu Real Estate Regulatory Authority (TNRERA)'s website- www.tnrera.in. A&N Administration has appointed the Chief Engineer & Town Planner as Nodal Officer for interaction coordination with Real Estate Regulatory Authority of Tamil Nadu and designated the Town & Country Planning Unit, Andaman Public Works Department as Nodal Agency for dealing with all matters related to the Act in Andaman & Nicobar Islands. In this connection, an awareness programme for the Real Estate Promoters/Developers and Real Estate Agents on the provisions of Real Estate (Regulation & Development) Act is propose to be organized on 06/11/2017 at 10.00 am at Dr. B.R. Ambedkar Auditorium, Aberdeen Bazar, Port Blair by the Town & Country Planning Unit. APWD in association with Port Blair Municipal Council. The members/officials of TNRERA will be resourced persons for the awareness programme. All the stakeholders who are involved in Real Estate Project are requested to take part in the awareness programme.