• Home
  • About us
  • Project Information
      • Grandthum
      • World-Square-Mall
      • Cyberthum
      • i-Thum
      • Alphathum
      about
      about

      Grandthum located in the prominent area of Greater Noida commercial district (Noida Extension), the project consists of twin-stories retail with two office towers connected above and a two Level underground parking below.

      Read more
      about
      about

      A pioneering development in Ghaziabad, The World Square Mall is the destination that the entire city flocks to everyday of every week. And that isn't just for its convenient location but also for the constant and exciting events calendar.

      Read more
      about
      about

      Cyberthum stands at the cutting edge of technology that drives tomorrow. Part of a 26.8 Acre mixed use development, it is the definition and the benchmark of what tomorrow's landmarks will be built on.

      Read more
      about
      about

      One of NCR's most successful business destination I-THUM has created multiple success stories through its facilitation of businesses both in terms of infrastructure and inspirations.

      Read more
      about
      about

      At Alphathum, that very courage is our spark for every initiative, be it creating India's most efficient business towers or creating the blueprint for the physical, emotional and financial well-being of the occupants and customers of our developments.

      Read more
  • Media Center
  • Work with us
  • Reach us
  • Blogs
MENU
  • Home Home
  • About Us About Us
  • Project Information Project Information
  • Media Center Media Center
  • Work With Us Work With Us
  • Reach Us Reach Us
  • Blogs Blogs
MENU

RERA and its impact on Real Estate.

Blogs
October 21, 2021December 2, 2021grandthum Real Estate

RERA and its impact on Real Estate.


The Real Estate Regulation (Development) Act 2016 came into effect on May 1, 2017. Under this act, the main aim was to increase investments in the real estate sector and create transparency between buyers and builders.

Why has RERA become important?


For many years, buyers complained about the transactions of the real estate being favourable towards the developers.
Seeing this, RERA and the Government of India aimed to have equitable and fair deals between seller and buyer, especially in the primary market.


What projects come under RERA?


• Commercial and residential projects, which include plot developments.
• The project is measuring more than 500sq. Meter or eight units.
• Projects which do not have a completion certificate.
• Projects for renovation, repair not involving re-allotment, marketing, advertising, or selling.


Impact of RERA on:


Builders-


According to RERA, builders have to register properties above 500sq. Meter or 8units. Under the act, they also have to do away with terms like built-up area. The property will be sold based on carpet area and any structural defect within five years of handling the building to the buyer; the developer will be liable. It is compulsory to register any new project before the commencement.


Brokers-


Due to the unorganized planning of real estate in India, RERA came into effect and made it compulsory for every broker to be registered before engaging in any project. Only licensed brokers can carry out the business of real estate. They are also required to provide complete and confirmed information to the buyers. Any false intention will be penalized by RERA.


Buyers-


They are the real king under RERA. Any wrongdoing against them by developers or brokers will cost the laters a high penalty. Delayed possession to the buyer also can cost them.


Uttar Pradesh and RERA:


RERA ordered every state to have regulatory bodies, especially to solve disputes between buyers and builders within 60 days. Following the guideline, Uttar Pradesh RERA was established on March 10th, 2016, having two centres, one in Lucknow and the other in NCR. It includes real estate micro-market like Noida, Ghaziabad, Greater Noida, and many more.

The core value of UP RERA are:
• Accountability and transparency
• Equity
• Commitment
• Credibility


UP RERA is deliberate to achieve the following objectives as soon as possible. These are:

  • Allottees are responsible for building and protecting investors’ trust in real estate.
  • Being fair and transparent by reducing fraud and project submission delays.
  • Take care of the standardization of PAN.
  • Building a proper communication bridge between the buyers and the sellers.
  • Entrusting the investors and developers with the responsibility to ensure everything is carried out significantly.
  • Regulatory agencies are established with an oversight to manage the enforcement of the contracts.
  • The reliable governors of the sectors are advanced to bring the confidence of the investors.
    RERA has led to an increase in investments in real estate and encourages foreign investments too.
Tagged Brokers, Builders, Buildings, Buyers, Commercial, Office, Projects, Real estate, RERA, Residential
grandthum Real Estate
Website https://grandthum.com

Post navigation

Tech Strategies: Driving the future of Real Estate.
IGBC-Green Buildings

Free consultation

Get Started Now!

We would be happy to provide you free consultation for your brand queries

Contact us

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related Posts

Blogs
May 14, 2022May 16, 2022grandthum Real Estate

Corporate Real Estate 2022: Responsibilities & Management!

Tagged Bhutani Group, Bhutani Infra, bhutanigrandthum, Buildings, commercial project, Commercial Project Noida, corporate real estate, Grandthum, Investment, Office, realestate, Spaces
Blogs
April 11, 2022April 11, 2022grandthum Real Estate

How to Use Cryptocurrency in Real Estate in Three Ways:

Tagged Bhutani Group, Bhutani Infra, Buildings, Commercial Project Noida, Commercial Real Estate, Commercial Space Noida, Grandthum, Grandthum By Bhutani, Grandthum Real Estate, Office, Real estate, Retail Spaces in Greater Noida, Spaces
Blogs
March 25, 2022March 25, 2022grandthum Real Estate

In 2022, the Real Estate Market will reach new Heights.

Tagged Bhutani Grandthum, Bhutani Group, Bhutani Infra, Buildings, Commercial Office Space, Commercial Project Noida, Commercial Real Estate, Grandthum By Bhutani, Grandthum Real Estate, Investment, Office, Office space in Noida Extension, Real estate, Rent, Retail Spaces in Greater Noida, Spaces

RECENT POSTS

  • Corporate Real Estate 2022: Responsibilities & Management!
  • How to Use Cryptocurrency in Real Estate in Three Ways:
  • In 2022, the Real Estate Market will reach new Heights.
  • How will millennials change commercial real estate leasing in India?
  • What exactly is a Capital Tax?

Categories

  • Blogs

Color Blog

Caramels apple pie jujubes. Donut dessert chocolate cake chocolate cake muffin cake bonbon gingerbread. Bonbon donut cake marzipan icing dessert croissant. Biscuit biscuit bear claw biscuit donut cake chupa chups danish sugar plum. Cheesecake lemon drops tart toffee cake oat cake jelly-o.

Caramels apple pie jujubes. Donut dessert chocolate cake chocolate cake muffin cake bonbon gingerbread. Bonbon donut cake marzipan icing dessert croissant. Biscuit biscuit bear claw biscuit donut cake chupa chups danish sugar plum. Cheesecake lemon drops tart toffee cake oat cake jelly-o.

Follow Us:

Corporate Real Estate 2022: Responsibilities & Management!
May 14, 2022May 16, 2022grandthum Real Estate
Tagged Bhutani Group, Bhutani Infra, bhutanigrandthum, Buildings, commercial project, Commercial Project Noida, corporate real estate, Grandthum, Investment, Office, realestate, Spaces
How to Use Cryptocurrency in Real Estate in Three Ways:
April 11, 2022April 11, 2022grandthum Real Estate
Tagged Bhutani Group, Bhutani Infra, Buildings, Commercial Project Noida, Commercial Real Estate, Commercial Space Noida, Grandthum, Grandthum By Bhutani, Grandthum Real Estate, Office, Real estate, Retail Spaces in Greater Noida, Spaces
In 2022, the Real Estate Market will reach new Heights.
March 25, 2022March 25, 2022grandthum Real Estate
Tagged Bhutani Grandthum, Bhutani Group, Bhutani Infra, Buildings, Commercial Office Space, Commercial Project Noida, Commercial Real Estate, Grandthum By Bhutani, Grandthum Real Estate, Investment, Office, Office space in Noida Extension, Real estate, Rent, Retail Spaces in Greater Noida, Spaces
How will millennials change commercial real estate leasing in India?
March 24, 2022March 24, 2022grandthum Real Estate
Tagged Bhutani Grandthum, Bhutani Group, Bhutani Infra, Buildings, Commercial Office Space, Commercial Project Noida, Commercial Property, Commercial Real Estate, Grandthum, Grandthum By Bhutani, Grandthum Real Estate, Office, Real estate, Rent, Retail Spaces in Greater Noida, Spaces
What exactly is a Capital Tax?
March 23, 2022March 23, 2022grandthum Real Estate
Tagged Bhutani Group, Bhutani Infra, Buildings, Capital Tax, Commercial Office Spaces in Noida, Commercial Project Noida, Commercial Property, Commercial Real Estate, Federal Income, Grandthum By Bhutani, Office, Real estate, Rent, Spaces

#GrandthumSocial

Grandthum

Bhutani Grandthum ,Greater Noida W (Noida Extension) Walk Through.

See More

Subscribe to our newsletter

footer logo
About Us
  • Overview
  • Management
Projects
  • Iconic Twin Towers
  • Life Lives Here
  • Green Building
Grandthum
  • Home
  • Media center
  • Work with us
  • Reach us
  • Blogs
Plot no-7, Techzone 4,
Greater Noida West,
Uttar Pradesh 201308 India.
Call us: 77-000-077-00
Whatsapp: 77-000-077-00
Email: enquiry@grandthum.com

https://www.up-rera.in

UPRERAPRJ585534 | UPRERAPRJ605316 | UPRERAPRJ156612 | UPRERAPRJ103135 | UPRERAPRJ957104

© Copyright 2022 Bhutani: Grandthum. ALL RIGHT RESERVED.

© Copyright 2022 Bhutani: Grandthum. ALL RIGHT RESERVED.

https://www.up-rera.in

UPRERAPRJ585534 | UPRERAPRJ605316 | UPRERAPRJ156612 | UPRERAPRJ103135 | UPRERAPRJ957104