Three Benefits that RERA provides while investing in luxury 3 BHK flats in Andheri West

Three Benefits that RERA provides while investing in luxury 3 BHK flats in Andheri West The year 2016 saw an important act in favour of real estate buyers being passed. The real estate regulation and development act was implemented with the purpose of boosting investments in this sector. The act also intends to protect home buyers from fraud and cheating.

The rules and guidelines mentioned in this act lead to the formation the Real Estate Regulatory Authority (RERA). It states that all real estate projects in each state and union territory will be monitored by the governing authorities of the given place.

Since the formation of RERA, the real estate companies have assured more reliability and authenticity to their customers. The buyers don’t need to worry about their money being wasted or lost to some fraud. Now when you go to buy luxury 2 BHK flats in Andheri West, there is more assurance that the deal will be free from issues of cheating and fraud.

Here are a few ways in which RERA proves advantageous for the buyers – RERA simplifies real estate buying procedures RERA has made it mandatory to have online registrations for the pre booking or booking of real estate properties. Real estate builders from every state and union territories are a part of this clause and they are expected to follow it. This process makes the documentation processes easy due to which costumers find the process more streamlined with less time consumed.

Click here to book luxury 3 BHK in Andheri West RERA increases transparency Earlier when you used to go buy a luxury 3 BHK in Andheri West, the biggest issue that would arise was of timely completion and if the builder is genuine or not. But now, with RERA’s online portal, the facility of tracking the procedure of the applications and the progress of the project has become easier. Now, customers can relax and keep a check on the progress of the apartment through the online portal.

RERA guarantees project to be delivered on time RERA also assures that the customers will get the timeline that they were promised. The project will be completed on time because the builder has to provide information about the timeline of the construction. Now it is tough to keep the customer lying under false pretexts of delays due to unforeseen circumstances.

RERA is a useful tool and every real estate buyer should know about it.