Godrej Tiara is waiting for RERA approval, which is expected to be received by November 2024. After that, the project will be launched. The project's possession date is 2028, and the builder will complete it soon.
RERA, known as the Real Estate Regulatory Authority, is a regulatory act that controls the real estate market and protects the rights of the buyers. It aims to give complete 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.
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
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. Godrej Tiara has submitted all the information, and it will get a unique RERA number so buyers can invest in the property without any hassle.
RERA will shield buyers from careless building policies and any other building flaws. Builders will fix all issues in Godrej Tiara without any extra fees if they are found within the first five years of ownership.
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 Godrej Tiara is RERA registered, it will be finished on the specified completion date.
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.
