RERA Impact on Real Estate Projects Such As Alphathum Noida
RERA's Impact on Real Estate Projects Such As Alphathum Noida:-
At present time various builders in Noida and Greater Noida are coming under a list of defaulters because the builders are not able to provide homes to their buyers. In this situation the hard earned money of buyers in risk and they depends on the mercy of builders, and builders were cheating them again again.
Now the Government of India enacted the Real Estate (Regulation and Development) Act 2016 on 26th March 2016 and all its provisions came into effect, from May 1, 2017.
Developers have been given until the end of July 2017, to register their projects under RERA. Likewise, real estate agents, who also fall under its ambit, are still in the process of registering themselves. Several states still need to notify the rules under the Act and most importantly for buyers, developers/promoters need to register their projects under RERA.
Now builders have registered their projects under RERA so new home buyers would not be cheated so buyers should be suggested that they may go for invest money in new project or any project but before going to buy they should check that the project should be registered under RERA.
A project namely Aplphathum Noida is a commercial project in which office spaces are developing by the Bhutani Group. The connectivity is good, location is good and Alphathum Noida is registered under RERA.
At present time various builders in Noida and Greater Noida are coming under a list of defaulters because the builders are not able to provide homes to their buyers. In this situation the hard earned money of buyers in risk and they depends on the mercy of builders, and builders were cheating them again again.
Now the Government of India enacted the Real Estate (Regulation and Development) Act 2016 on 26th March 2016 and all its provisions came into effect, from May 1, 2017.
Developers have been given until the end of July 2017, to register their projects under RERA. Likewise, real estate agents, who also fall under its ambit, are still in the process of registering themselves. Several states still need to notify the rules under the Act and most importantly for buyers, developers/promoters need to register their projects under RERA.
Now builders have registered their projects under RERA so new home buyers would not be cheated so buyers should be suggested that they may go for invest money in new project or any project but before going to buy they should check that the project should be registered under RERA.
A project namely Aplphathum Noida is a commercial project in which office spaces are developing by the Bhutani Group. The connectivity is good, location is good and Alphathum Noida is registered under RERA.
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