RERA is a regulatory body that controls the real estate market and protects buyers' rights.RERA regulates residential and commercial real estate projects and establishes a framework for fair practices, transparency, and timely delivery of properties.
Birla Ojasvi is a pre-launch township development in Raja Rajeshwari Nagar, and the Birla Ojasvi RERA number is yet to be released. The property sprawls over 10 acres, offering 8 acres of land on green and open spaces with aesthetic rowhouses and apartments. The pioneer developer Birla Estates is developing this township with attractive features like the Iconic Sky Club at a height of 350 sqft and 40+ amenities with a 25000 sqft clubhouse.
| Type | Apartment |
|---|---|
| Project Stage | Prelaunch |
| Location | Raja Rajeshwari Nagar, Bangalore |
| Builder | Birla Estates |
| Floor Plans | 1,2 & 3 BHK |
| Price | Onrequest |
| Total Land Area | 10 Acres |
| Total Units | 600+ units |
| Size Range | 1000 - 2500 Sq Ft |
| No of Towers & Floors | 3 towers & G+33 Floors |
| Approvals | Onrequest |
| RERA No | Onrequest |
| Launch Date | Onrequest |
| Possession Date | Onrequest |
After the inception of RERA, there have been many significant edges in the real estate market. Compared to earlier days, the risks or scams in real estate purchases have drastically decreased due to RERA's policies.
As a buyer or investors, we can avail ourselves of numerous help or benefits from RERA, such as
Project delays are one of the main worries of us as buyers. To tackle this, RERA mandates that developers follow the project completion schedule given at the time of registration. Developers are responsible for any delays and might have to pay compensation.
RERA has made the registration of new residential projects mandatory. So that RERA can validate the project profile with multiple checklists and ensure that it's a worthy property to buy. After that confirmation, RERA provides the developer with a unique RERA number. RERA eases the buying process, and we get access to information that facilitates an informed decision-making process.
RERA places a cap on the amount of money builders can request from us before the sale agreement. This regulation will stop the developer from funding other projects and allow us to guarantee the security of our funds.
RERA shields purchasers from shoddy building practices and structural flaws. Developers must fix any problems without charging extra if they are found within five years of ownership.
Only with the approval of two-thirds of the buyers' developers can major changes to the project be made. The policy guarantees that the project's overarching goal stays true to what was first promised.
The RERA number should be validated on the RERA website to ensure we pick the RERA-approved property.
Check if the project details furnished by the developer match the RERA portal. Some factors to be validated are project financial status, possession date and completion date.
If navigating RERA guidelines seems overwhelming, seek advice from legal experts specialising in real estate. They can help you understand the implications and intricacies of the regulations.
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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