Brigade Insignia Rera Approval

Brigade Insignia RERA has been approved, and the RERA number is PRM/KA/RERA/1251/309/PR/180524/006894. The project is developing in Yelahanka, Hebbal Road, Bangalore. The completion date of the project is set for Dec 2028.

RERA, which means Real Estate Regulatory Authority, was introduced in 2016. It aims to safeguard homebuyers and boost investments in real estate. This law is applicable to all states to oversee the real estate sector. It helps settle disputes quickly and fairly.

Brigade Insignia Project Highlights

The marvellous site is developing on 6 acres of land and has 80% open space. The township offers 3 & 4 BHK apartments in different sizes. The floor plan, master plan and prices of the flats will be available soon. After receiving the RERA approval, the construction of the project will begin. Model apartments will be ready for buyers to see and understand the flats.

RERA-approved townships are safe for investment and provide transparency. If a buyer is not satisfied at any point, the builder will refund the amount to the buyer. RERA sets a rule that the builders must give the original plans for their projects and cannot change them without the buyer's consent.

The benefits of RERA-approved projects are:

1. Standardised carpet area - The RERA Act has fixed a standard carpet area for constructing an apartment. A standard formula has been set to calculate the carpet area. This way, builders cannot increase the size and price of the unit.
2. Limited advance payment - As per RERA, the builder can only take up to 10% of the project's total cost as advance fees from the buyer. This helps buyers avoid rushing to gather funds or paying a large amount upfront.
3. Builder's responsibility - If any structural defects or quality issues arise within 5 years of possession, the builder must fix them within 30 days without charging the buyer.
4. Buyers to take money back in case of false promise - If the builder does not provide what was promised, then the buyer can take the refund.
5. Buyer's right to know - The buyer has the right to access all information regarding the project. It includes details about the layout, progress of execution, and completion status.

The RERA Act ensures that developers provide accurate information to buyers. It prevents buyers from facing delays in project delivery. Since RERA's introduction, malpractices in the real estate sector have significantly decreased.

The Brigade Insignia RERA approval will soon be received. The project follows every guideline and uses the best construction material. The project will be delivered timely to the buyers with any issues.