Why Buy 2 BHK Flats in Nagpur with RERA Registration?

The Real Estate Regulatory Act (RERA) has been watershed in the history of the real estate sector in India. Passed in 2016, RERA came into effect on 1st May 2017 and Maharashtra was one of the first Indian states to implement it. Even after two years of its implementation, RERA remains a work in progress in most states of India. It has been successful in ushering a new era in the real estate sector. RERA was implemented to protect the interest of home buyers and to give a boost to investment in the real estate sector. Its success lies in the fact that today, every home buyer asks for the RERA registration number of the project, before investing.

Invest in 2BHK Flats with RERA RegistrationWhen it comes to investing in 2 BHK apartments in Nagpur or any other Indian state, it is essential to ask for the RERA registration number. It empowers you in many ways.

These include,

• Your prior consent on any minor addition or change in the project.
• Consent of 2/3rd allottees is required before making any alterations or additions in the project.
• The project promotion can be done only with the RERA number.
• Sharing information like project layout, government approvals and land title status are necessary.
• The money you give to the developer 70% will get parked in the escrow account.
• Timely completion of the project and delivery.
• Improvement in construction quality as for every defect, there is a five-year onus on the developer.  
• Formation of RWA within the specified time frame or 3 months after most of the units get sold.

RERA & Maharashtra 
If you plan to invest in an under construction or ready to move in project in Maharashtra, then you should ask for the RERA number. As Maharashtra was one of the first RERA compliant states, most authentic projects will have a RERA number. According to a report of Money Control, Maharashtra has been one of the most active states with so far 20718 projects registered under MahaRERA. So, ask the developer for the RERA number before investing.

Invest in 2 BHK Rowhouses in Nagpur, Wardha, Gondia, AmravatiBeing a RERA compliant state, it is ideal to invest in projects in Maharashtra. If you are looking for apartments or row houses in a planned township, then visit Vrindavan. Located in Jamtha, Nagpur on the Wardha road, it is a vast and well-organised township with rowhouse and flat option and loads of amenities. Moreover, the project adheres to every compliance and norm. There is a RERA registration number tooVRINDAVAN PHASE 1: P50500002672&GOKUL: P50500000854.

Being a RERA compliant state, it is ideal to invest in projects in Maharashtra. If you are looking for apartments or row houses in a planned township, then visit Vrindavan. Located in Jamtha, Nagpur on the Wardha road, it is a vast and well-organised township with rowhouse and flat option and loads of amenities. Moreover, the project adheres to every compliance and norm. There is a RERA registration number tooVRINDAVAN PHASE 1: P50500002672&GOKUL: P50500000854.

You can visit the Maharashtra RERA website and get all the necessary project details on https://maharera.mahaonline.gov.in/site/47/Introduction.

So, looking at Nagpur flats as an investment option? Then you can also plan a site visit and explore the Vrindavan township.

Alternatively, you can know more about Vrindavan from https://vrindavan.co/.