Prestige Park Ridge RERA Approval
RERA, known as the Real Estate Regulatory Authority, is a regulatory act that controls the real estate market and protects buyers' rights. It aims to give transparency in the real estate market by registering real estate projects. Compared to earlier days, the risks in the real estate market have decreased due to its policies.
Prestige Park Ridge Project Highlights
| Super Built Up Area | ON REQUEST |
| Project Type | Apartment |
| Total land in Acres | ON REQUEST |
| Unit Type | 1,2 & 3 BHK |
| Total No. of Apartments | ON REQUEST |
| Total No. of Villas | ON REQUEST |
| Starting Price | ON REQUEST |
| Launch Date | ON REQUEST |
| Completion Date | ON REQUEST |
| RERA NO | ON REQUEST |
RERA, known as the Real Estate Regulatory Authority, is a regulatory act that controls the real estate market and protects buyers' rights. It aims to give transparency in the real estate market by registering real estate projects. Compared to earlier days, the risks in the real estate market have decreased due to its policies.
Prestige Park Ridge is waiting for RERA approval, which is expected to be received by January 2024. After that, the project will be launched. The project's possession date is 2028, and the builder will complete it soon. The RERA Approval establishes a framework for fair practices and timely project delivery. It protects buyers' interests and has rules for dispute resolution.
RERA has made important edges in the real estate market, and some benefits of it are as follows
Transparency in projects
RERA can check the complete project with checklists and will ensure that it is a worthy property to buy for buyers. It eases the buying process. Buyers can access all data to get complete project details. Prestige Park Ridge has submitted all the information, and it will get a unique RERA number so buyers can invest in the property without any hassle.
Defect Fixing
RERA will shield buyers from careless building policies and any other building flaws. Builders will fix all issues in Prestige Park Ridge without any extra fees if they are found within the first five years of ownership.
No Project Delays
Builders must give a project completion date when registering with RERA. Builders must follow the project completion date given at the time of registering. They are accountable for any delays and have to pay extra fees if there is any delay. As Prestige Park Ridge is RERA registered, it will be finished on the specified completion date.
No Modifications In Plans
If there is approval from two-thirds of the buyers, builders can make changes to the project. It will be true to what was first promised in the plan. The project plan cannot be changed, and it will be promised what is given in the plan to the buyers.
How to check whether Prestige Park Ridge is RERA registered or not?
- Check the RERA Number - The RERA number of Prestige Park Ridge should be displayed on the website to make sure it is an RERA-approved property.
- Examine the complete details - Check if the project details quoted by the developer match the portal. All details like possession date and launch date should be noted.
What to do if any project violates RERA policy
Prestige Park Ridge will get the RERA approval soon, and as soon as it gets, the number will be displayed on the project site. Buyers can follow the official website for the Prestige Park Ridge RERA number, which will be received by the end of January 2024.
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