The Regulation and Development Act is also called RERA. This powerful act was introduced in 2016, and since then, issues like delayed project deliveries, misrepresented advertising, and incomplete accountability have been cut off. The real estate industry is the biggest driver for the global economy as it serves different purposes like residential homes, industrial spaces, and investment properties.
The predominant goal of RERA is to protect buyers and boost the real estate process with ultimate transparency, accountability, and competance. This act assures timely deliveries from the developers and builders.
Mahindra Zen is a RERA based project and is awaiting the RERA number.
|Manipal County, Bangalore
|Rs. 1.78 Cr* Onwards
|Total Land Area
|1800 - 2400 Sq Ft
This regulatory body, RERA, has gained a lot of trust and added credibility to the projects it adheres to. An assurance of the delivery of projects on time has increased the number of investors and homebuyers in recent years.
The regulations brought by this body have given ample confidence to consumers, and potential buyers are coming up to invest in RERA based projects as there is no risk involved. After the implementation of RERA in India, the real estate sector has become a safe sector for investors.
Builders are encouraged to keep up building quality by the warranty period clause, thereby helping end users by offering better-built properties.
Because of RERA's tight restrictions, there is a considerable dip in fraudulent activities such as misleading marketing and unfair development practices.
RERA has created streamlined dispute resolution processes that facilitate the resolution of disputes between purchasers and developers.
Mahindra Zen is an RERA affiliated project, so many possible purchasers are awaiting the project launch of this eminent property. They could make their dream home with India’s leading real estate developer with absolute quality, on time delivery, the best returns, and great sustainability.
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