RERA to Grade Real Estate Promoters for Enhanced Credibility

Swift Summary

• The Hindu Tamil Nadu Real Estate Summit, moderated by Kunal Shankar, was held on August 5, 2025, in Chennai.
• Jayaprakash Padmanaban of Fox Mandal & Associates proposed that the tamil Nadu Real Estate Regulatory Authority (TNRERA) could start grading real estate promoters based on good practices to enhance accountability and transparency.
• Sanjay Chugh of ANAROCK Property Consultants suggested TNRERA could enforce additional measures like green building norms and safety audits, contributing to sustainability and protecting home buyers.
• Chugh highlighted challenges in apartment redevelopment requiring developer engagement with property owners and urged RERA guidelines for clarity. he also emphasized Chennai’s potential for vertical development.
• Sridharan Swaminathan of Sabari & LYRA Properties advocated for vertical growth in cities or relocation to satellite towns supported by improved infrastructure and transportation systems such as Metro Rail connectivity.

Images from the event:

Indian Opinion Analysis
The ideas presented at the Hindu Tamil Nadu Real Estate Summit suggest proactive steps toward addressing long-standing issues within the real estate sector while fostering sustainable growth opportunities in urban areas like Chennai. Proposals such as grading developers under TNRERA aim to promote transparency and public trust, potentially encouraging better regulatory compliance across the industry. Enhanced focus on sustainability measures by incorporating green building norms demonstrates an alignment with global priorities while safeguarding environmental interests.

Discussions around vertical development underscore urban expansion challenges faced by metropolitan areas like Chennai-where limited space necessitates innovative infrastructure planning-and highlight the role of government authorities in enabling seamless transitions through improved transport connectivity like metro systems. Such initiatives can help meet growing housing demands without compromising livability, offering a balanced model for urban progress.

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