TNRERA Mandates Display Boards for Greater Transparency in Real Estate Projects
In a significant step towards enhancing transparency in the real estate sector, the Tamil Nadu Real Estate Regulatory Authority (TNRERA) has directed all project promoters to install detailed display boards at their construction sites.
Real EstateTnreraTransparencyDisplay BoardsConstruction SitesReal EstateJun 19, 2025
As per a circular issued by the TNRERA recently, the display boards should be installed in the project site abutting the public road with a size of at least 2 feet x 4 feet. The boards must be prominently displayed to ensure they are easily visible to passersby and potential buyers.
The boards should have details including the name of the promoter, name of the project, TNRERA registration details, date of completion as per TNRERA registration, and the website address of TNRERA. The details should be mentioned in a readable font size in the display board, and it should be a separate board and not as part of other display boards, the circular said.
The display board shall be installed at the project site after obtaining TNRERA registration, and the proof of installation shall be certified by the Engineer/Architect who is connected with the project, accompanied by site photographs. This requirement ensures that the information is accurate and up-to-date.
According to the Real Estate (Regulation and Development) Act, 2016, promoters are also required to provide TNRERA registration numbers in their advertisements. This regulation further enhances transparency and helps potential buyers verify the legitimacy of the project. Additionally, the Tamil Nadu Combined Development and Building Rules, 2019, mandate that promoters and builders install display boards with details of planning permission approvals at the sites.
The implementation of these regulations is expected to significantly improve the real estate sector in Tamil Nadu. By providing clear and accessible information, the TNRERA aims to protect the interests of homebuyers and investors, reduce the risk of fraudulent practices, and promote a more ethical and transparent market.
This move by the TNRERA is a positive step towards building a more reliable and trustworthy real estate industry in Tamil Nadu. It sets a high standard for transparency and accountability, which is crucial for the long-term growth and stability of the sector.
Frequently Asked Questions
What is the purpose of the display boards mandated by TNRERA?
The purpose of the display boards is to provide clear and accessible information about real estate projects, including the name of the promoter, project details, TNRERA registration, and completion date. This enhances transparency and helps protect the interests of homebuyers and investors.
What size should the display boards be?
The display boards should be at least 2 feet x 4 feet in size and installed in a prominent location at the project site abutting the public road.
Who is responsible for installing the display boards?
The promoters of the real estate projects are responsible for installing the display boards. The installation must be certified by the Engineer/Architect associated with the project, accompanied by site photographs.
What other regulations are in place to ensure transparency in the real estate sector?
In addition to the display board requirement, the Real Estate (Regulation and Development) Act, 2016, mandates promoters to provide TNRERA registration numbers in their advertisements. The Tamil Nadu Combined Development and Building Rules, 2019, also require promoters to display planning permission approvals at the sites.
How will these regulations benefit homebuyers and investors?
These regulations will benefit homebuyers and investors by providing clear and verifiable information about real estate projects. This helps reduce the risk of fraudulent practices, protects their interests, and promotes a more ethical and transparent market.
Related News Articles
India's Rise to Realty Prominence: A Billion-Dollar Boom
India is accelerating to become the real estate capital of Asia, with a total valuation of Rs 14.2 trillion among the top 100 realty companies.
Maharashtra Cabinet Renames Pune Airport After Sant Tukaram Maharaj
The Maharashtra Cabinet has approved a proposal to rename Pune airport after the 17th-century Warkari saint and poet, Sant Tukaram Maharaj.
The Downfall of Real Estate Moguls: Alexander Brothers Arrested in Miami
In a shocking turn of events, the renowned real estate moguls, the Alexander Brothers, were recently arrested in Miami. This news has sent ripples through the business community, leaving many to wonder what led to their downfall.
Luxury Homes, Toxic Air: The Urban Pollution Paradox in India
Nithin Kamath, a prominent real estate analyst, highlights the growing concern of urban pollution in major Indian cities like Delhi, Mumbai, and Bengaluru. Despite seeing a surge in luxury real estate, these cities struggle with alarming levels of air pol
Tragic Incident: Two Workers Killed, One Injured as Slab Collapses in Chikhla Mines
A devastating slab collapse in the Chikhla mines of Manganese Ore (India) has resulted in the death of two workers and left one injured. The incident has raised serious concerns about safety protocols in the mining industry.
Women Home Buyers Witness 14% Surge in 2024: Report
A recent report by Square Yards, titled 'Key Holders of Change - Women Driving Real Estate Growth and Transformation,' reveals a significant 14% increase in women homebuyers in 2024.