It
is important that the homebuyers consider RERA regulations as a crucial
criterion for choosing a project. Here
is a look at the benefits that the homebuyers will receive when buying a
RERA-registered property.
1. The buyer is entitled to get all the
promised aspects by the builder. The builder also has to disclose all the
details about the project including carpet area, number of units, etc.
2. Among the funds received by the developers,
70% of it has to be transformed to an escrow account to show that the money
will not be used for other purposes.
3. Developers are not allowed to charge extra
amounts for super-build-up areas as the homebuyers need to pay only for the
carpet area in the building.
4. Builders can only sell the projects after
meeting the necessary clearances.
5. Builders are not allowed to make any
changes to the promised specifications and amenities, unless gets a written
consent from the buyers.
6. The builder has to repair any structural
defect in the building for the next five years following the time of
acquisition by the homeowner.
7. If the completion of the project is
delayed, the developer has to pay the consumer an interest which is the same as
the EMI the customer has to pay the bank.
8. If the buyer finds any deficiency in the
project he can contact the developer in written within one year of acquisition
of after-sales services.
Ladder Kerala one of the most trusted builders in Calicut offers premium homes,
apartments in Calicut, of world-class standards at Ladder Mankav Greens. The
flagship residential project, flats in Calicut, is a haven for luxury living with
an urban lifestyle.
To Know More About The Project https://ladderkerala.com/ladder-mankav-greens/
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