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Press Release / News & Society / Leverage the RERA Home Advantage to Move into Greater Noida’s The Hemisphere

Leverage the RERA Home Advantage to Move into Greater Noida’s The Hemisphere

By The Hemisphere on August 24 2017 | 37 Views

If you are looking for a residential property with the protection of RERA as well as a dream lifestyle in Greater Noida, come to The Hemisphere.

The Real Estate (Regulation and Development) Act, 2016 is aimed at protecting home-buyers. Hence, the law vests power in the hands of customers to help them make informed decisions, seek solutions and get the required compensation for any injustice meted out to them by builders and developers. Along with making builders accountable for delivery timelines, the Act offers you the following benefits:

Access to detailed information: The mandatory registration of projects, developers, promoters and agents with the real estate regulatory authorities will allow buyers the access to detailed information on a public domain.

Increased transparency: Easy access to information will give a thrust to housing demand in projects by established developers and will eliminate fraudulent fly-by-night players, thus making the market more organized.

Fair compensation for project delays: The Act will take stringent action against builders who actively delay projects as this impacts the financial stability of home-buyers. It imposes heavy penalty on developers for failing to meet deadlines. Buyers will be entitled to know the stage-wise time schedule of project construction including the status of water, sanitation and power. Further, the Act entitles home-buyers to claim possession of property along with completed common areas such as parks, clubs, internal roads etc.

Fair pricing and refund policy: The regulation mandates developers to charge only on the basis of carpet area. This will ensure that buyers pay for only what they purchase which is expected to reduce the overall financial burden. In addition, RERA also specifies that if a buyer wishes to cancel the booking, the developer will have to refund the amount, along with interest, within 45 days. This provision safeguards the buyers from inordinate delays in the refunding process.

Fast-tracking of grievance redressal: Further, the establishment of an appellate tribunal under state-wise RERA is also a relief to the buyers who have been troubled due to long-pending cases and inefficient grievance redressal. The mandate to settle all cases within a span of 60 days will help home-buyers regain confidence in the judicial system and reinstate their interest in realty investments.

If you are looking for a residential property with the protection of RERA as well as a dream lifestyle in Greater Noida, come to The Hemisphere. The Hemisphere is among the top real estate projects in Noida, offering its residential community in the City Centre, the centrally located posh locality of Greater Noida. It is almost 100 acres in its span with a 9-hole golf course included in it. The best part with The Hemisphere project in Greater Noida is that you rarely have to leave for enjoyment too far, unless you willfully plan to!



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