Prestige Gardenia Estates RERA

Prestige Gardenia Estates RERA is still waiting for its approval. The project is in a pre-launch phase now, with many offers for early buyers. The builder will strictly follow the rules and regulations put forward by the authorities.

Enacted by the Government of India in 2016, the RERA Act is designed to regulate the real estate industry by protecting the rights of home buyers and setting guidelines for developers, agents, and buyers to ensure fair transactional practices.

Advantages of investing in a RERA-approved project

• Financial Security: To prevent any possible delay in the property handover due to project delays, RERA mandates developers allocate a certain percentage of finance to an escrow account.
• Clarity on Carpet Area and Pricing: RERA sets a standard of property measurement and requires developers to sell property solely based on its carpet area.
• Protection Against False Advertisements: RERA requires property developers to provide only the most accurate and verifiable information when promoting their properties to prospective buyers.
• Timely Delivery: RERA establishes strict guidelines for project completion timelines, reducing the risk of delays. Developers are held accountable and must provide compensation for any delays, ensuring timely possession for homebuyers.

Prestige Group, the developer of Prestige Gardenia Estates, will strictly follow the rules and regulations put forward by RERA in their iconic project. Investors and end users can confidently rely upon the credibility of the building materials and construction techniques.