Buyers will not wait too Long for Possession

Robust steps have been taken in real estate sector to bring transparency and easy investment because buying a home has always been a fret task whether one will get its possession or not, the quality of the construction and more concerns are attached to it.

Earlier no steps were regarding the same and because of this the real estate market went down as well, but now the lucrative steps have been taken whereas a buyer you don’t have to wait for possession but because if the builder fails to deliver you the project on time, then you will be getting its amount and if it takes more time or in fact, no in the position to deliver, then the builder is liable to pay the amount with the simple interest of 10 per cent per annum (from the date of payment) without any delay.

So these sterling steps have escalated the demand and sale of properties which surely a sign of improvement in the market.

Now all the builders are aware of the penalty that they have to pay if they fail to deliver project on time and this has created a consciousness among them so that they make sure they deliver project on time, take care of the construction quality, doesn’t make any false promises to the home buyers and investors and even more things have to be followed to stay away from the troubles.

Recently, the Unitech one of the biggest developers had to refund Rs 9 Lakhs to a Gurgaon based home buyer as the project was not delivered and it took extra years for it, so the action was taken.

Now if you have any investment plan, then you can go for it because the RERA ensure you have a trouble free investment and buy your dream home because today’s step will bring high perks.

Interestingly, now it is not just about the space that you get, but along with this, advanced security system, green ambience, new features, grand living space, perfect location to welcome all opportunities and more are nicely added to the latest projects where it takes the experience to a different level.

Recently launched project “Godrej South Estate” in Okhla New Delhi gleaned immense attention because the builder Godrej Properties for the first time added an exotic home centre in the capital city and probably, the first project with more than 20 air purification systems that keep it ambience really fresh and active.

This step has been taken because of the poor air quality has the Delhi is suffering from, according to the survey ”, Delhi air is as equal as smoking a cigarette” so definitely it is good to step by the Godrej Properties because this major contribution was required.