RERA, or Real Estate Regulation Act, was enacted in 2013 in response to India's real estate sector's ongoing issues and challenges. The Indian Union Cabinet approved the bill in 2016 with immediate effect. The RERA Act, or RERA certificate, protects investors and prospective homeowners from property fraud. RERA rules and guidelines help to increase the real estate industry's transparency, accountability, and efficiency.
| Type of Project | Apartment |
|---|---|
| Project Stage | New launch |
| Location | S Medihalli, East Bangalore |
| Builder | Puravankara |
| Floor Plans | 3 & 4 BHK |
| Price Range | Onrequest |
| Total Area | 4 Acres |
| Total Units | 150+ Units |
| Size Range | 2200 Sq.Ft - 2900 Sq.Ft |
| Towers and Blocks | Onrequest |
| Approvals | Onrequest |
| RERA No | Applied |
| Launch Date | Onrequest |
| Possession Date | 2028 Onwards |
RERA requires developers to register their projects and submit all relevant project documentation. Builders must provide documents, including the project master plan, development time, and licenses from the authorities. Customers and investors are certified by this transparency, which provides them with accurate information.
Developers are now accountable for any unapproved changes in the plan or project delays. They risk penalties for missing deadlines and breaking reserved program guidelines, so they must provide proper information. The developer now must deliver projects on time.
A percentage of the project's cost needs to be deposited by builders into a separate bank account. This provision prevents funds from being transferred to undesignated projects and ensures that resources are allotted to the approved project.
RERA requires the developer to give the buyer a clear title to the land and hold legal title. By doing this, the possibility of property ownership disputes is reduced.
RERA provides homebuyers and investors with a legal framework to settle complaints and property fraud to ensure ethical behaviour by the developers.
Purva Kensho Hills is a luxurious plotted development by Puravankara Limited in S. Medihalli near Sarjapur and Attibele main Road in East Bangalore. The project spans over 45 acres of land and offers 700+ well-built residential Plots. It offers premium 30 x 40, 30 x 50, 30 x 60, 40 x 50, and 40 x 60 plots, with modern amenities and a peaceful, green environment that provides a comfortable lifestyle. Purva Kensho Hills has received approval from the authorities concerning RERA Number: PR/180324/007969.
Disclaimer: Any content mentioned in this website is for information purpose only and Prices are subject to change without notice. This website is just for the purpose of information only and not to be considered as an official website.
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