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RERA in Karnataka- Guidelines for a Better Investment Stratergy

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Karnataka has showcased some of the best real estate projects the state has to offer. Developing cities, Especially Bangalore has witnessed realtors from all across the country set their respective bases to cater to the demand raised by potential investors. <b><a href="http://sobhadreamvalleybellahalli.grihhpravesh.com/" target="_blank">Sobha Dream Gardens by Sobha developers</a></b> is one such project that is strategically located to precision at Bellahalli in Bangalore. The project offers fabulous high-rise architecture marvels so residents can enjoy stunning views of landscaped gardens surrounding the project. After the introduction by policies set by the government like RERA and GST, the demand for affordable housing has increased considerably. These are rules that have to be strictly adhered to be the realtors in terms of product and service offering. Prior to such policies, realtors use to set expectations and fail to deliver them on time. Architecture developments are pivotal in impacting customer purchase decisions which in turn establishes long-standing relationships with key clients. Failure on keeping up with rules and regulations of these policies may end up disastrous for realtors. From cancellation of builder licenses till imprisonment, everyone has to pay a price without any scope of negotiation. Builders are now careful as attention to detail has become crucial in order to provide high-class realty services. </div>
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<tr><td style="text-align: center;"><a href="https://4.bp.blogspot.com/-OkaQoLeQkZU/W82mleYYuyI/AAAAAAAADuM/UDPz1AywwmgcYWg7xoCrRZv2sqJkPsKogCLcBGAs/s1600/sobha%2Bdream%2Bgardens-%2Brera%2Bact.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img alt="Sobha Dream Gardens - Rera Act" border="0" data-original-height="445" data-original-width="595" height="297" src="https://4.bp.blogspot.com/-OkaQoLeQkZU/W82mleYYuyI/AAAAAAAADuM/UDPz1AywwmgcYWg7xoCrRZv2sqJkPsKogCLcBGAs/s400/sobha%2Bdream%2Bgardens-%2Brera%2Bact.jpg" title="Sobha Dream Gardens - Rera Act" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Real-Estate Regulation Act</td></tr>
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What should investors know about RERA before planning on investment decisions ?</h2>
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Because of these policies, situations in the real estate market have become far more polished and uniform. Prior to these regulations, there were real estate brokers and developers who were delaying on delivering the final product and estimations that were set were not met. This resulted in the downfall of the real estate market as the main focus wasn’t on customer satisfaction. Land deeds and legal documents weren’t shared on most occasions which is not the way to go about it. Here, we have listed some pointers of information that residents should look out for before they plan on contacting realtors for their investment requirements. </div>
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Make note if a realtor has registered themselves under the RERA regulation act</h3>
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It is mandatory that every realtor who have come up with a new residential project register themselves under the RERA act. This is to keep track of records and sales prospects. Residents, on the other hand should ask for such information before they begin their transactions with the respective realtor. </div>
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Disclosure of legal and other relevant documents</h3>
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It is crucial that residents are given every legal document about the project that comprises of all salient features about the property. Failure to do so can end up costly for potential investors. Goes without saying, this is a great move by the government to have a single act that every realtor should abide by. Be it about the amenities, project property size, location or floor plan specifications, every minute detail should be put forward so residents have a sense of trustworthiness towards the realtor. </div>
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Deliver product services on time</h3>
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Property developers should keep in mind that the clauses on paper should be strictly adhered to. For instance, the time of completion of the project should described with utmost precision and residents should be able to move in within that time frame. </div>
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<blockquote class="imgur-embed-pub" data-id="a/SlMV34I" lang="en">
<a href="https://imgur.com/SlMV34I">Property Registration Documents</a></blockquote>
<script async="" charset="utf-8" src="//s.imgur.com/min/embed.js"></script>

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Rectify or replace flaws in the foundation within 2 years of possession</h3>
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Within two years of possession of the property, if residents find structural defects in the property, it is the sole responsibility of the realtor to rectify these unexpected flaws with immediate effect.<br />
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70% of the revenues from residents to be deposited into a separate bank account</div>
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It is a must that realtors plan their revenues responsibly in order to avoid accountability issues in the future. According to the RERA act, money collected from prospective investors towards a particular project, 70% of it should be transferred to a separate bank account in order to cover up the losses for defects in the foundation. Money can be withdrawn from this account only after an approval from an architect, engineer and a chartered accountant. </div>
<iframe allowfullscreen="" frameborder="0" height="485" marginheight="0" marginwidth="0" mozallowfullscreen="" scrolling="no" src="https://www.slideserve.com/embed/8050501" style="border-width: 1px 1px 0; border: 1px solid #ccc; margin-bottom: 5px;" webkitallowfullscreen="" width="600"> </iframe>

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Updates about the project from conceptualization until completion</h3>
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It is the responsibility of the investor that they get appropriate information and regular updates about property development at varied stages of project. This is important as the residents can predict what the future holds for them as far as overall land value is concerned. </div>
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<a href="http://www.easyseobacklinks.com/blog/2018/10/18/this-monsoon-this-festive-season-brighten-up-your-home-and-embrace-ultimate-happiness/" target="_blank" title="Sobha Dream Garden specifications">Sobha Dream Garden specifications</a> are certainly in line with industry standards and expectations that are set by individual customers. With amenities like no other, residents are sure to sail through life with effortless ease. The project enjoys impeccable connectivity benefits as numerous IT tech parks are in close proximity which is an added advantage for residents who are willing to rent out the property. Some of the prestigious schools, colleges and medical institutions are in close proximity so residents needn’t worry about their everyday commute.<br />
If You are impressed about Shoba Properties and the specidication they provide in thier projects Check out <a href="https://sobhadreamgardensapartments.tumblr.com/post/179145152826/why-should-you-choose-sobha-dream-gardens-as-your" target="_blank">Why Should you invest in Sobha Dream Gardens??</a><br />
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Suggested Links :<br />
<a href="https://www.linkedin.com/pulse/check-out-how-real-estate-advisor-can-help-you-home-buying-avani-d/?published=t" target="_blank"> How RealEstate advisor can help in home buying process</a>.
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<span style="font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif;"><span style="background-color: white; font-size: 13px; white-space: pre-wrap;"><a href="https://www.powershow.com/view0/8bd942-YzVkO/Sobha_Dream_gardens_-_Call_for_Bookings_powerpoint_ppt_presentation?varnishcache=1" target="_blank">Soha Dream Gardens - Call for Bookings.</a></span></span></div>
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RERA in Karnataka- Guidelines for a Better Investment Stratergy

Karnataka has showcased some of the best real estate projects the state has to offer. Developing cities, Especially Bangalore has witne...

17:38

Concorde Mayfair - An Investment Destination

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Acquiring an asset is always for a greater good. Asset like
an own house has deep sentimental value attached to it. Staying as tenants is a
good choice, however, is a temporary solution. Planning in investing in a real
estate property is a very important decision. A lot of thought and comparison
goes into practice as property investments are long term in nature. Residents
all over Bangalore are looking for similar opportunities for the entire
family’s prosperity. Renowned developers Concorde group have come up with one
such project called <b><a href="http://www.concordemayfairprojects.in/" target="_blank" title="Concorde Mayfair Medahalli">Concorde Mayfair</a> </b>located
at Medahalli, Bangalore. </div>
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With Medahalli as a location, the project enjoys great
connectivity to all prominent landmarks around the city. With luxurious spaces
to offer, residents can either buy property for rentals or for personal
occupancy. With other real estate projects in close proximity and with the
introduction of Bangalore metro, the rates of land appreciation are increasing
rapidly. With elegant high-rise buildings, the residents can have uninterrupted
views of beautiful green covers. This shows that they have worked hard in maintaining the ecological
factor. Residents plan on buying a property further out from the city needing a
place to relax and it<b> </b>poses
as an ideal choice. Being further out from the main city and with excellent
connectivity to other landmarks is one amazing prospect. The location is also
close to schools, colleges, medical institutions and entertainment
mega-Centre’s. Residents are now heading towards a feeling of royalty and
trustworthiness with <b>Concorde Mayfair. <o:p></o:p></b></div>
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<b><u>Why Concorde
Mayfair?</u></b></h2>
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Concorde group was always at the epitome of real estate
developments. The group has a wide array of spaces ranging from residential,
commercial and recreational infrastructural marvels. The organization has
developed more than 20 million sq.ft of residential space with the main
principle being customer well-being and delight. In order to have a
long-lasting impact on customers, a company should imbibe a quality of customer
perception and social well-being. The property<b> </b>does exactly the same catering to all individual requirements of
customers. </div>
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The amenities that are offered coupled up with the location benefits
satisfies all customer needs. Some of the world-class amenities that are
offered to customers constitute of Yoga decks, jogging tracks, equipped
gymnasium, play-parks for kids, spacious club houses and tennis courts. With
round the clock electric backup for key specific areas and presence of security
personnel at all times, the project<b> </b>is the safest of them all. <o:p></o:p></div>
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More on Floor Plans</h3>
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The project offers 2 and 3 BHK variants with size ranging
from 600-1785 sq.ft in a pristine location. The project being in its pre-launch
phase is enjoying the land development in and around Medahalli. Customers are
sure to have the best time with the  project<b> </b>considering the factor that influence a purchase decision. <o:p></o:p></div>
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<span style="font-family: "calibri" , "sans-serif"; font-size: 11.0pt; line-height: 107%;">Another interesting and even more admiring about
<b>Concorde Mayfair </b>is the level of
transparency and honesty that is maintained with the customers. The customers
are called for site visits and are given every detail regarding anything the
customer would need. With the airport just 30 minutes away from the site,
convenience has reached a whole new level. Why wait when you are just minutes
away from owning your dream house. </span></div>

Concorde Mayfair - An Investment Destination

Acquiring an asset is always for a greater good. Asset like an own house has deep sentimental value attached to it. Staying as tenants is ...

11:24

Why will South Bangalore be a good choice for urbane living ?

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Bangalore is the city of dreams and is the most popular choice for living, for most of the people who are seeking jobs or are thinking of moving ahead in career. Bangalore provides a lot of amenities, facilities, and has a good infrastructure which is why it is one of the most popular choices of living. Bangalore has seamless transport, extremely well-defined lifestyle, and this is what makes it a popular place among the young generations. The other benefits of living in this city are excellent resources, good places of education and medical treatment and excellent recreational spots. <b><a href="http://www.prestigeparksquarebangalore.ind.in/" target="_blank" title="Prestige Park Square">Prestige Park Square</a></b> is situated on Bannerghatta Road.<o:p></o:p></div>
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Excellent location:</h2>
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JP Nagar is one of the largest sectors which is a residential area in the south of Bangalore. There are a lot of developmental projects in and around this area, including Bannerghatta road. This part of the city is dynamic and expanding. The city has expanded because of the constant growth in the population that comes from other cities, due to the immense opportunities that the city has to offer. This part of the city is resplendent with lakes, Bannerghatta national parks, and beautiful parks. <o:p></o:p></div>
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<iframe allowfullscreen="" frameborder="0" height="450" src="https://www.google.com/maps/embed?pb=!1m18!1m12!1m3!1d3889.943053813258!2d77.58557391419964!3d12.846954621078526!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x3bae6aec5e0ebced%3A0x10a47bdd12fd3664!2sPrestige+Park+Square!5e0!3m2!1sen!2sin!4v1525084447277" style="border: 0;" width="600"></iframe>

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Real estate development in this area:</h3>
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This area is filled with a lot of projects which are built to suit the needs of people who have moved here. The population is mostly comprised of people who either belong to the entrepreneurial class or belong to the working class. All real estate projects are hence built in accordance to the needs of the people, with ranging from affordable projects, to luxurious projects, and there is a wide variety of apartment choices like 1 BHK, 2 BHK, and 3 BHK, or studio apartments. The real estate projects are also fortified with a lot of amenities like the swimming pool, gymnasium, yoga centers, amphitheaters, basketball courts, squash courts and more. <o:p></o:p></div>
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Transport and connectivity:</h3>
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With the Namma metro opening up in all different parts of the city, the roads being broadened and the lanes of the highways being expanded, the expansion and growth of Bangalore is predictable. South of Bangalore is more likely to see a huge influx of <a href="https://homebuyersultimatesolutions.wordpress.com/" target="_blank">real estate properties</a> because of excellent communication and transportation, which includes the state bus terminals, carpooling services and needless to say, the upcoming metro project. <o:p></o:p></div>
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This place is a micro market which flourishes because of the amenities that it provides. The fast developing nature of these areas is also responsible for quick growth and progress. The experts say that the projects in Bangalore keep witnessing growth, and this is one of the most stable regions as per as real estate is considered. This is expected that the number of projects will increase, and so will the home buyers keep flocking to this part of the city, chiefly because of the opening of the new office IT hubs in these locations. <o:p></o:p></div>
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Experts have predicted that there will be an accumulation of unsold projects too, but the lacuna will not last long as there will be instant buyers who will occupy the projects.<o:p></o:p><br />
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You may also like to read :<br />
<a href="https://prelaunchbangaloreproperty.blogspot.com/2018/07/godrej-aqua-project-that-is-perfect-fit.html" target="_blank">Godrej Aqua- Perfect Fit For Your Family And Children </a><br />
<a href="https://prelaunchbangaloreproperty.blogspot.com/2018/07/godrej-aqua-luxury-home-along-river.html" target="_blank">Godrej Aqua - A Luxury Home Along River Banks</a></div>
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Why will South Bangalore be a good choice for urbane living ?

Bangalore is the city of dreams and is the most popular choice for living, for most of the people who are seeking jobs or are thinking of...