Summary:
| Photo Credit: File PHotomore-inThe Tamil Nadu Real Estate Regulatory Authority (TNRERA) has received 430 complaints against builders who failed to complete projects and hand them over on time. Following the rising number of complaints from home buyers, TNRERA has also started striking a balance between consumer protection and development of the industry. So the buyer complained to TNRERA and received refund of the remaining ?3 lakh from the developer,” said the official. The aurhorities have issued show-cause notice to 1250 projects that have failed to register with TNRERA. TNRERA has so far ordered the refund of booking amount to only one buyer, who had paid an amount of ?4 lakh for booking a house..