Gandhinagar, the capital city of Gujarat, has experienced a burgeoning growth in its real estate sector, attributed largely to its strategic planning and infrastructure development. Known for its green spaces and architectural layout, the city has become increasingly attractive to real estate developers and homebuyers alike. As Gandhinagar continues to expand, with new residential and commercial projects emerging, the need for a regulated real estate market becomes paramount.
The introduction of the Real Estate (Regulation and Development) Act, 2016 (RERA) in Gandhinagar has been instrumental in streamlining processes and boosting investor confidence. By ensuring adherence to project timelines and quality standards, coupled with accessible home loan options like those offered by Bajaj Housing Finance, prospective homeowners can navigate the market with confidence. This empowers them to make informed decisions and realise their homeownership goals effectively.
What is RERA in Gandhinagar?
The Real Estate (Regulation and Development) Act, 2016, or RERA, is a crucial legislative act implemented in Gandhinagar to safeguard the interests of home buyers and enhance the real estate investment environment. The primary objectives of RERA in Gandhinagar are to ensure transparency in project marketing and execution, protect buyer interests, and establish a fast-track dispute resolution mechanism. The Gujarat Real Estate Regulatory Authority (GUJRERA) is the governing body responsible for enforcing the regulations. The implementation of RERA in Gandhinagar has brought about various benefits, including timely delivery of projects, accurate project details available to buyers, and a significant reduction in fraud and delays.
What is the function of RERA in Gandhinagar?
RERA in Gandhinagar performs several critical functions to regulate and promote a healthy real estate environment:
- Project registration: It mandates all real estate projects and agents to register with GUJRERA before they can sell, advertise, or market properties.
- Information disclosure: Developers must provide comprehensive details about their projects, which are made accessible to the public through the GUJRERA portal.
- Grievance redressal: RERA provides a platform for buyers to voice their concerns and disputes, which are addressed in a structured and efficient manner.
RERA in Gandhinagar: How can you access approved projects list?
To access the list of RERA-approved projects in Gandhinagar, follow these steps:
- Visit the official GUJRERA website.
- Navigate to the 'Registered Projects' tab on the homepage.
- Select 'Gandhinagar' from the dropdown menu to filter projects specific to the area.
- Explore the list of projects that have been approved and registered under RERA.
- Click on any project for detailed information including registration status, developer details, and project specifications.
What are the rules and regulations of the RERA Act in Gandhinagar?
The rules and regulations under the RERA Act in Gandhinagar are designed to ensure a transparent and fair real estate market:
- Transparency: Developers must ensure full disclosure of project details, including legal title, project plan, and timeline.
- Compliance: Adherence to the approved project plans and timely completion as per the RERA registration.
- Escrow account: Mandatory deposit of 70% of the project funds received from buyers into a separate escrow account to be used for the construction of the project.
How can you register with RERA Act in Gandhinagar?
To register a project with RERA in Gandhinagar, developers need to follow these steps:
- Collect all necessary documentation, including land title proof, project plans approved by the municipal corporation, and details of the project development team.
- Complete the online registration form on the GUJRERA website.
- Submit the application along with the required registration fee and supporting documents.
- Upon verification and approval, receive a RERA registration number for the project.
What are the fees and charges of RERA in Gandhinagar?
The registration fees and charges under RERA in Gandhinagar are structured as follows:
| Project Type | Registration Fee |
| Group housing | Rs. 8 per sq. mt. of carpet area, with a minimum fee of Rs. 10,000 and a maximum of Rs. 10 lakh |
| Mixed development (residential and commercial) | Rs. 15 per sq. mt. of carpet area, minimum fee of Rs. 12,000, and a maximum of Rs. 12 lakh |
| Commercial | Rs. 20 per sq. mt. of carpet area, minimum fee of Rs. 15,000, and a maximum of Rs. 15 lakh |
| Plotted development | Rs. 10 per sq. mt. of land planned for development, minimum fee of Rs. 5,000, and a maximum of Rs. 5 lakh |
| Withdrawal of application for registration | 5% of the registration fee or Rs. 25,000, whichever is greater |
RERA has revolutionized Gandhinagar’s real estate sector, enhancing transparency, accountability, and consumer safeguards. Understanding the city's RERA guidelines and leveraging financial tools such as Bajaj Housing Finance Home Loan empowers you to confidently navigate the property market, making informed and prudent choices.
Why choose Bajaj Housing Finance Home Loan in Gandhinagar?
Bajaj Housing Finance Home Loan offers bespoke financial solutions tailored for prospective homebuyers in Gandhinagar, enhancing the property-buying experience. Here’s why Bajaj Finance is an excellent choice:
- Efficient application process: Streamline your loan application online with quick approvals often within 48 Hours* post-document verification.
- Competitive interest rates: Enjoy attractive interest rates starting as low as 8.25%* p.a, making your home loan affordable with manageable EMIs.
- Flexible repayment options: Tailor your repayment plan with options extending up to 32 years, helping you plan your finances better.
- Top-up loan for extra requirements: Secure additional funds for home improvements with minimal paperwork and competitive rates, enhancing your property’s functionality and appeal.
Opting for Bajaj Finance for your home loan in Gandhinagar not only provides flexible and cost-effective financing options but also ensures a transparent and supportive process, aiding in your journey to homeownership.
