The Real Estate 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 of the global economy as it serves different purposes, like residential homes, industrial spaces, and investment properties. In India, RERA and the government’s model code strive to provide a more equitable and fair transaction between the buyer and the seller of properties, especially in the primary market.
The predominant goal of RERA is to protect buyers and boost the real estate process with ultimate transparency, accountability, and competence. This act assures timely deliveries from the developers and builders.
| Type | Apartments |
|---|---|
| Project Stage | Upcoming |
| Location | Whitefield, Bangalore |
| Builder | Prestige Group |
| Floor Plans | 1,2 & 3 BHK |
| Price Strating | 60 lakhs |
| Total Land Area | 40 acres |
| Total Units | Onrequest |
| Size Range | 600 - 1500 Sq Ft |
| Approvals | NA |
| RERA No | In progress |
| Launch Date | Onrequest |
| Cost Sheet | Onrequest |
This regulatory body, RERA, has gained a lot of trust and added credibility to the projects to which it adheres. Ensuring the timely delivery of projects 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 building quality by the warranty period clause, 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.
Prestige Pine Forest has been applied for RERA and is waiting for approval, 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.
Prestige Pine Forest, developed by the esteemed Prestige Group, is a distinguished residential project. Situated in the thriving locale of North Bangalore, this expansive development spans 40 acres, offering a mix of tranquillity and metropolitan convenience. With 850 units available in configurations of 1, 2, 3, and 4 BHK apartments, Prestige Pine Forest is set to cater to the diverse needs of urban dwellers.
Though its RERA number is still awaited, the project stands as a testament to the Prestige Group’s commitment to delivering quality homes that echo the principles of comfort, design, and value. The blend of a strategic location, versatile living options, and a reputable developer makes Prestige Pine Forest an attractive proposition for homebuyers and investors. Experience a unique living experience amidst nature without compromising on the accessibility to the city’s prime locations.
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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