Prestige Raintree Park Cost Sheet

RERA stands for REAL ESTATE REGULATION ACT, which was introduced in 2013 to address the persistent problems and challenges faced in India's real estate industry. In 2016, the bill was passed by the Union Cabinet of India and came into effect. RERA Act or certificate provides protection for interested homebuyers and investors. RERA sought to improve the real estate market's efficiency, accountability and transparency.

Prestige Raintree Park
Type Apartments
Project Stage Prelaunch
Location Whitefield, Bangalore
Builder Prestige Group
Floor Plans 1,2 & 3 BHK
Price Updated Soon
Total Land Area Not Available
Total Units Upcoming
Size Range Onrequest
Approvals NA
Launch Date Not Available
Pre-launch Date Coming Soon
Completion Date 5 years from launch
Possession Date NA

Key features and importance of RERA :

Prestige Raintree Park Key features and importance of RERA

  • Transparency :┬áRERA requires developers to register their projects and provide complete information on the project, such as schedules, approvals, and plans. This transparency gives consumers precise information to empower them.
  • Builder Liability : Developers are now liable for any project delay or change in the plan without approval. They must follow deadlines and promises or face fines for delays and deviating from the reserved programs. On-time project delivery is now the responsibility of the developer.
  • Advance Deposits : Builders must deposit a portion of the project's cost into a different bank account. This clause guarantees that resources are allocated to the designated project and stops money from being diverted to other initiatives.
  • Title of Property : RERA requires the developer to give the buyer a clear title to the land and hold legal title. By doing this, the possibility of property ownership disputes is reduced.
  • Dealer Responsibility : RERA requires the developer to give the buyer a clear title to the land and to hold legal title over it. By doing this, the possibility of property ownership disputes is reduced.
  • Customer Protection : RERA places a high priority on protecting homebuyers by giving them access to a legal framework for resolving complaints and guaranteeing ethical behaviour in the real estate industry.

Prestige Raintree Park, a luxurious plotted development by Prestige Group in Varthur near Electronic City in East Bangalore, spans 70 acres of land. Offering 2000 well-built residential apartment units. It offers premium 2 bedroom, 3 bedroom and 4 bedroom apartments with sophisticated amenities and promises a serene, green haven for a comfortable lifestyle. The project is yet to get RERA status from the authority. The project apartment unit size ranges from 1040 sq. ft. to 2760 sq. ft. in Bangalore's prime employment zone.

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