To ensure transparency in the property buying process, the government of India passed the RERA Act in 2016 (May). RERA refers to the Real Estate Regulatory Authority that came into existence to boost real estate investments as well as protect the home buyers. Let me tell you some of the benefits of investing in RERA approved projects in Hyderabad:
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Developers can sell their projects only after obtaining required clearances.
House buyers are required to pay only for the carpet area and builders can’t ask them to pay for the super built-up area, as was the practice until now.
Developers are required to transfer 70 percent of money received from property buyers into an escrow account. This ensures that the money meant for your project isn’t being used in other projects.
Developers are required to deliver what has been promised. Also, builders are required to disclose every detail about the project, such as the carpet area of each unit, number of units, etc.
If you want to check the list of RERA registered projects in hyderabad, then just visit the official RERA website (link). Here you can also check whether a particular project is approved by RERA or not. You will need to enter details, such as User Type, Project Name, TelanganaRERA Project/Agent Registration No., etc.
List of RERA approved projects in HyderabadYou can invest in RERA approved projects through NoBroker. Just search “RERA Properties on NoBroker” in google search and all RERA Approved properties will appear on the screen.
Buy/Sell/Rent Properties in Hyderabad at Affordable Prices through NoBroker Read how to calculate carpet area as per RERA Learn how to Search Project on RERA WebsiteI hope now you know everything about the RERA registered projects in Hyderabad.
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How to check RERA registered projects in Hyderabad?
Guddi
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2021-10-04T17:20:05+00:00 2023-09-21T15:30:19+00:00Comment
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