Real Estate

550 real estate agents registered with Tamil Nadu Real Estate Regulatory Authority

CHENNAI: A total of 550 real estate agents have been registered with the Tamil Nadu Real Estate Regulatory Authority (TNRERA) till August this year. It is a massive jump when compared with the corresponding period of 2018, where only 130 registered as real estate agents.

Data available with the TNRERA portal states that 485 registrations out of the 550 fell under the category individuals, while the rest were filed as companies. The Tamil Nadu Real Estate (Regulation and Development) Rules, 2017, mandates the registered real estate agents to maintain books of account, records and documents according to the provisions of the Income Tax Act, 1961.

Nearly 100 registered real estate agents are based in Chennai and 50 are from Madurai.

[“source=timesofindia”]