In Karnataka, finding RERA-registered projects is simple once you know where to look. This guide breaks it down for you, so you can make a confident choice while securing your future home.
What is RERA, and why does it matter?
RERA was introduced under the Real Estate (Regulation and Development) Act, 2016. Its purpose is to regulate the real estate sector and protect buyers from fraud.Here are the key benefits of the RERA Act for buyers:
- Verified projects: Builders must register their projects with RERA to ensure compliance with legal norms.
- Transparency: RERA mandates full disclosure of project details, including timelines, approvals, and funding sources.
- Protection against delays: Builders are accountable for on-time delivery. If delays occur, buyers are entitled to compensation.
How to search RERA registered projects in Karnataka
To search for RERA registered projects in Karnataka, you can:1. Go to theKarnataka RERA website.
2. Navigate to the "Projects" section.
3. Select a location, such as Bangalore.
4. Use the search filters to refine your search.
5. View the list of registered projects.
6. Verify the project's RERA registration details.
You can search for projects by providing at least one of the following parameters: project name, application number, district, taluk, promoter name, and registration number.
You can also check the RERA registration status of a project by visiting the RERA website of your state and entering the RERA number provided by the builder in the search field.
The RERA Karnataka website provides a list of registered projects, developer profiles, and businesses.It also allows homebuyers to verify the property's status, ensure compliance with RERA regulations, and file complaints in case of disputes.
Additional Read: How to file a RERA complaint online
What to check before investing?
- Builder's track record: RERA not only lists projects but also tracks the builder’s history. Check reviews, past projects, and customer feedback.
- Legal approvals: Ensure the project has all required permissions, including land ownership documents, and approvals from local authorities.
- Financial planning: Before committing to a property, calculate your budget. A home loan can ease the financial burden, making it possible to buy your dream home without stretching your finances.
Benefits of choosing RERA-registered projects in Karnataka
- Legal protection: Investing in a RERA approved project minimises risks. All project details are publicly available, making it easier to verify authenticity.
- Fair pricing: RERA ensures that builders adhere to fair pricing policies. You pay for what you get, without hidden charges.
- Accountability: Builders must complete projects within the promised timeline. Failure to do so makes them liable for penalties or compensation.
Home loan: Your key to homeownership
If you are short on funds or want to manage your finances better, consider a home loan. Bajaj Housing Finance Home Loan offers convenient repayment options, low interest rates, and quick approvals.Here are a few benefits of opting for a Bajaj Housing Finance Home Loan:
1. High loan amount: Secure a home loan of up to Rs. 15 crore* to bring your dream home to life.
2. Low interest rates: Enjoy interest rates starting 8.25%* p.a, and EMIs as low as Rs. 741/lakh*.
3. Quick approval: Get approved within 48 Hours* of applying – sometimes even sooner.
4. Flexible repayment tenure: Choose a repayment term of up to 32 years for comfortable EMIs.
5. Simple application: Take advantage of doorstep document collection for a smooth process.
6. Balance transfer facility: Move your existing home loan and get a top-up loan with better terms.
Choose Bajaj Housing Finance Home Loan and turn your dream of owning a home into a reality.