Importance of Buying a RERA registered Project in Ambegaon
If you’re all set to buy a home at a project in Ambegaon, rest assured, you’ve made a great decision. Counted amongst the most sought-after localities in the city of Pune, Ambegaon is distinguished for offering a world-class lifestyle coupled with unparalleled residential projects to complement your elegant taste.
While purchasing a home is an exhilarating experience you must be looking forward to, it’s advisable to proceed meticulously, lest something important is left out unknowingly.
Adhering to mandatory rules and regulations such as buying RERA (Real Estate Regulations Act) approved property is one such aspect that homebuyers ought not to overlook while buying property. Therefore, before you step into the advanced phase of property purchase in Ambegaon (or any other location in Pune for that matter) wherein you make the payment, you need to make sure you’re familiar with the state government’s RERA Act and proceed accordingly.
How RERA is Revolutionizing Property Purchase
Recent times have witnessed quantum changes in the field of real estate. The introduction of RERA to regulate buying and selling of property is one of them.
The chief aim of RERA is to protect property buyers from the corrupt practices and exploitation of unscrupulous builders. At the same time, this Act also looks after the interests of property developers and builders; it would be unfair to regard any of the parties distrustfully. The introduction of RERA has altered the way property transactions, both residential and commercial, take place now. It has brought about transparency and ethics in the real estate sector, which manages to keep malpractices in check.
RERA prescribes and enforces norms for property construction and development with an aim to regulate the entire procedure by weeding out fraudulent practices. Homebuyers are advised to invest in RERA-registered projects to ensure their interests are not harmed. If you are planning to buy property in any project in Pune, make sure it is RERA certified before proceeding.
Homebuyers looking for property in different parts of the city such as Ambegaon are now seeking RERA-approved projects. Real estate watchers regard it as a positive development slated to set things in favor of buyers.
Suggested Read: https://www.nirmandevelopers.in/blog/it-is-the-right-time-to-buy-a-rera-registered-flat-pune/
Introduced in the year 2016, the RERA Act, in simple words, aims to facilitate:
- Dissuasion of corrupt practices
- Bringing about uniformity and transparency in real estate transactions
- Placing the onus on builders to keep buyers updated project completion status
- Guaranteeing pertinent rights to home buyers
- Ensuring relevant certain rules and regulations are followed by builders and developers
- Initiation of suitable action in case of transgression or misappropriation on part of builders and developers
- Putting up all project details on RERA’s official website
- Accepting payment as per rules framed for carpet area (not charging buyers for facilities like lifts, lobbies, stairs, etc.)
- Maintaining a separate bank account for payment accepted from buyers
- Facing action in case of delay in giving possession
- Resolving disputes within 120 days
and many more provisions that safeguard buyers of both, residential as well as commercial properties.
A Message for Homebuyers Keen on Exploring a Quality Project in Ambegaon
For astute homebuyers, Ambegaon is clearly a preferred destination on account of a host of factors such as:
- Lush, serene surroundings
- Availability of modern amenities and facilities for all
- Excellent connectivity and well-developed infrastructure
- Proximity to industrial hubs and IT companies in and around Ambegaon
- Lavish lifestyle
Also Read: https://www.nirmandevelopers.in/spotlight-ambegaon-why-prefer-flats-in-a-good-housing-society/
Nirman Developers, Pune’s reputed and accomplished property developers, are recognized for the benchmark they have with their constructions in Ambegaon and beyond. Their projects, Nirman Viva and Nirman Aura, both located in Ambegaon, are testimony to the sheer exclusivity homebuyers have in store by choosing to live here.
Not only are these projects a statement of impeccability on all fronts, but are RERA-approved and fully compliant with all the required regulations. Both the projects meet all your needs, designed to take your lifestyle to the next level.