Before buying a property, there are a few things that you need to keep in mind so that you do not fall into any kind of trap later on and do not have to regret your decision as well. Hence, today, we are going to elaborate on the topic of why we should invest in a property that is RERA-registered. Meanwhile, if you are a resident of Gurgaon or planning to move here in the near future, then you should invest in Trevoc Royal Residences sector 56 Gurgaon. The reason is, that this property is RERA-registered and has a high resale value. Hence, let us now take a look at the importance of investing in a property that is registered under the Real Estate Regulatory Authority Act.
Top reasons to consider
If you do not know what RERA actually is, then you must note that it is something that guarantees your property is being constructed legally and is not facing any legal consequences making it a better option to invest in. So, this section will cover why you should check the RERA status of the property beforehand:
Regulatory compliance
The first advantage that this property comes with is that all the project details will be kept transparent including the layout, government approvals, Project plan, land title status, and so on. This, in turn, helps you make informed decisions ultimately reducing the chances of fraud.
Guaranteed Buyer Protection
In addition to that, it ensures Buyers' protection by adhering to all the project completion timelines and making sure that nothing comes between you and your house-to-be. In case of any delays from the end of the seller, the buyer is subject to the interest amount paid by the seller. Not just that, RERA ensures that developers are completely responsible for the rectification of any structural defects that the buyer comes across up to 5 years after the time of possession without the buyer paying any cost for this rectification. And, the developers at Trevoc Royal Residences agree to fulfill all these promises.
Ensures Financial and Legal Security
A property that is RERA registered ensures financial security as it requires the developers to deposit around 70% of the funds received from buyers in a separate bank account so that this fund can only be used for the construction/completion of the project thereby minimizing any chances of funds being used for another purpose. Since Trevoc Royal Residences Sector 56 Gurgaon is an RERA-registered property, it does not demand you to pay any hidden charges. In addition to that, it also calls for complying with the legal practices making it a safe property option to invest in.
Conclusion:
A property that is RERA registered increases the Trust and Credibility amongst buyers and buyers also have a feeling of satisfaction knowing that they are investing in a property that is legally approved. Alongside helping the buyers make informed decisions, it ensures that you are investing in a property that keeps everything transparent. So, it would be a great idea that you consider Trevoc Royal Residences sector 56 Gurgaon for any future investments.
