4 year(s) ago
Landowners who executed JV Deals in Tamil Nadu Get Relief from TNRERA. The Tamil Nadu Real Estate Regulatory Authority (TNRERA) has issued a welcome ruling for landowners involved in joint venture housing projects. Tamil Nadu RERA has stated that land owners part of a joint venture project, are not party to a case if a sale deed for Undivided Share (UDS) is executed in favour of homebuyers.
Key Takeaway:
Background:
TNRERA’s Clarification:
RERA Applicability:
Overall, this ruling brings clarity for landowners in joint ventures and protects them from unnecessary legal hassles.
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