RERA Implementation: Why this is the Right Time to Buy a Home?

In the last couple of months, Indian real estate has been buzzing with RERA wind that has entirely changed the industry, giving a cheer for home buyers, but chill to developers. Real Estate Regulation and Development  (RERA) Act was officially implemented on 1st May 2017 making every home buyer curious to know how it will impact in home buying process and is it right time to invest in the property? Though, there will be quite confusing over its implication, but two things are clear with its implementation- Firstly, it will see a great decrease in the number of delayed projects and increase in the quality of projects.

After its implementation, a section of home buyers applauded the decision, though a few are still confused its actual impact.

Change in the Market Dynamics

There is no doubt that the real estate market has changed dramatically, including the demand and supply scenario. The demand must benefit the expectation raised by the act. However, developers will have to wait to see how these new norms will affect the on-going and up-coming projects. Increase in the demand and limited supply position will help in ensuring that every city that faces high-unsold inventory will have equilibrium.

According to the act, every state after the implementation of the act needs to draft its own regulations and establish the act within a year.

Developers were given time till July to get their projects registered under RERA. For many developers this could be a setback because buyers who have invested on their projects will ask for the amendment set by the RERA. Meanwhile, buyers must now consider investing in projects which fall under the act.

Let us now explore why buying a home during RERA regime is the right decision:

  • No More Delays in the Projects:

One of the biggest benefits home buyer will have is no more deferrals in the project. Now the builders will have to deposit 70% of the project funds in dedicated or escrow bank accounts to avoid delayed deliveries. In recent years, there has been a complaint from home buyers of getting late possession which eventually brings loss to the buyer financially. Developers have to provide complete details about the completion date or possession date of the project. Once this information provided in RERA, the developer has to follow the same. In case of delayed deliveries, the customer will now be entitled to a compensation equal to the EMI the buyer is paying to the bank.

  • Getting Access to the Project Details:

Home buyers can now have access to complete details about the RERA registered projects. One can find complete details about the division, district, amenities, possession date and other information. So if you’re planning to invest in upcoming projects, then first check if it has been registered under RERA.

  • Completely Legal Projects:

As per the RERA guidelines, developers will have to submit all the documents required about the project. Government approvals, land title status, project plan, and other official documents. This makes the project completely legal and builds the confidence in investing in the project.

  • More Transparency in the Project:

Transparency is what the real estate sector lacks and RERA will help in bringing down this issue. RERA has made this mandatory for developers to mention complete details about the price per sq.ft including the carpet area and built-up area of the apartment.

  • After Sales Service:

Under RERA, home buyer has complete right over asking for after sales service in the project within one year of possession. It is the duty of the developer to offer complete after sales service to the buyer once the deal gets closed.

  • No More Violation of Rules:

RERA allows home buyers to let their grievances heard. If the authority finds that the developer has violated the order of the tribunal or rule of RERA, then it will result to 3 years of imprisonment along with a hefty fine.

  • No Compromise in the Quality of the Project:

Developers constructing the project need to ensure of high-quality material are involved. Recently, there have been cases of building collapsing resulting to loss of lives. To bring down this mishap, the act has made it mandatory to provide the material information used in the project.

Conclusion:

Overall, for home buyers investing on a new residential project under RERA is a beneficial investment. Though in many states RERA rules still has to be notified, but in near months, rules will be levied on every real estate developer. Complete transparency and seamless procedure of the project will go a long way.

View Gurgaon Projects on – http://www.reiasindia.com/

M3M Heights at M3M 65th Avenue- Redefining City Future Urban Living

M3M Heights at M3M 65th Avenue- Redefining City Future Urban Living

M3M India Launched M3M Heights , A Luxury Living Residence at M3M 65th Avenue Gurgaon, Its RERA Registered Projects with License No-1, M3M Heights offers 2 & 3 Bhk Apartments with Luxury Amenities.

M3M Heights, M3M Heights Gurgaon, M3M city Heights, M3M Heights booking, M3M Heights offers, M3M Heights location, M3M Heights apartments Size, M3M Heights assured return
M3M Heights, M3M Heights Gurgaon, M3M city Heights, M3M Heights booking, M3M Heights offers, M3M Heights location, M3M Heights apartments Size, M3M Heights assured return

M3M Heights Floor Plan

  • TYPE-1- 2 BHK + 2 TOILET- 1250 Sqft
  • TYPE-2- 2 BHK + 2 TOILET- 1350 Sqft
  • TYPE-3- 2 BHK + 2 TOILET- 1400 Sqft
  • TYPE-4- 2 BHK + 2 TOILET + STUDY- 1450 Sqft
  • TYPE-5- 3 BHK + 3 TOILET- 1850 Sqft
  • TYPE-6- 2 BHK + 2 TOILET+SQ- 1950 Sqft
  • TYPE-7- 3 BHK + 3 TOILET+SQ- 2000 Sqft

Flexi Payment Option at M3M Heights

POSSESSION LINKED PAYMENT PLAN

  • Pay 40% in 3 Month Rest 60% on Possession and Get 9% Assured Return
  • Price- Rs 9900/Sqft Less Rs 1000/Sqft Inaugural Discount for First 100 Booking- Effective Price For POSSESSION LINKED PAYMENT PLAN Scheme- Rs 8900/Sqft

SUBVENTION TILL POSSESSION

  • Pay 5% Now, Rest From Subvention Scheme till Possession- NO EMI Till Possession
  • Price- Rs 9900/Sqft Less Rs 1000/Sqft Inaugural Discount less Additional discount of Rs. 500/Per Sqft for First 100 Booking-Effective Price for Subvention Scheme-Rs 8400/Sqft

POSSESSION LINKED PLANS

  • Price- Rs 9900/Sqft Less Rs 1000/Sqft Inaugural Discount less Additional discount of Rs. 500/Per Sqft for First 100 Booking- Effective Price for POSSESSION LINKED PLANS- Rs 7900/Sqft

 MASTERSTROKE PROPOSITION- Only Applicable on first 100 bookings OR 30th sept’17

  • For POSSESSION LINKED PAYMENT PLAN-You pay 5% we pay 5%
  • For SUBVENTION TILL POSSESSION -You pay 5% We pay 15% (AT POSSESSION, IN CASE OF BUYBACK)
  • For POSSESSION LINKED PLAN WITH CPR-You pay 30% , We offer 100% TPR Ts 1000/Sqft -YOU PAY 30% WE PAY 30% (AT POSSESSION, IN CASE OF BUYBACK)

M3M Heights Luxury Amenities

ARRIVAL PLAZA | MULTIPURPOSE COURTS | PEDESTRIAN ACTITIVTY STREETS | PALM SEATING COURT | CENTRAL WATER FEATURE | WALKWAY/ JOGGING TRACKS | MULTIPURPOSE LAWNS | CRICKET PITCH | HEALING GARDEN | KID PLAY AREAAS

For More Detail Visit- http://www.reiasindia.com/properties/M3M-Heights.html

Limited Period Offers Feel Free to Call Us 099999-64462/ 0124-4224462

 

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Singaporean Style Residence comes to Gurgaon as M3M Merlin gets delivered!

M3M Merlin is a first-of-its-kind residential project, competitively priced to cater to the ever-growing professional community in the Gurgaon’s Golf course extension region.

M3M project brings world-class apartments to bring forth Singapore style high-rise living. Strategically planned to meet today’s constantly evolving residential needs, the project offers a number of options to choose from. M3M Merlin has 520 units of 3 and 4 BHK residences in Sector 67 with easy connectivity to South Delhi and NH-8, making it an ideal location to experience a stylish lifestyle

M3M Merlin, M3M Merlin Gurgaon, M3M Merlin Sector 67 Gurgaon
M3M Merlin, M3M Merlin Gurgaon, M3M Merlin Sector 67 Gurgaon

Furthermore, M3M Merlin will be accompanied by two of M3M’s prominent commercial projects, M3M Urbana in sector 67 and M3M Cosmopolitan in sector 66. These will be the largest integrated commercial development projects, with M3M Cosmopolitan being the first hi-street retail on Golf Course Extension Road.

Features of M3M Merlin

M3M Merlin Gurgaon Spread across almost 14 acres of land, consisting of over eight acres of open landscaped area and three-sided open residences ensuring abundant contact with nature, M3M Merlin is an expression of architecture in harmony with the environment. It has standalone towers with two apartments on a floor and a clear view of the central greens for all residences. Other features that set it apart from the regular residential products in the city are:

M3M Merlin will be accompanied by two of M3M’s prominent commercial projects, M3M Urbana in sector 67 and M3M Cosmopolitan in sector 66
M3M Merlin will be accompanied by two of M3M’s prominent commercial projects, M3M Urbana in sector 67 and M3M Cosmopolitan in sector 66

International Design:

Designed by the world-renowned DP Architects of Singapore, M3M Merlin is specially landscaped by celebrated Belt Collins. Also, the construction acclaims go to Larsen and Toubro.

It has everything that promotes the good side of internationally modern lifestyles such as 10,000 sq. ft. of a world-class club with exclusive salon, cafe, and gym. There are also six different kinds of swimming pools including a wading pool, toddler’s pool, Jacuzzi pool and others for various purposes.

m3m merlin gurgaon offers3 and 4 Bhk Apartments in gurgaon
m3m merlin gurgaon offers3 and 4 Bhk Apartments in gurgaon

To foster a healthy way of life, M3M Merlin is equipped with dedicated courts and areas for Lawn tennis, basketball, badminton, and cricket within the building complex.

M3M Merlin Lucrative catchment Area:

  • Surrounded by some of the best neighbourhoods in the region, there is a decent concentration of social and infrastructural facilities around. The area is already home to HNI population of more than 15,000 families.
  • It’s a catchment of high-end projects like M3M Golf Estate, M3M Latitude, M3M Polo Suites, M3M St. Andrews and the city’s largest multi-purpose developments – M3M Urbana and M3M Cosmopolitan.
  • In addition, with over 1,000 Retail shops & offices (M3M Tee Point) proposed in the vicinity, life will certainly be convenient. Plus, one would also have access to a 7-star entertainment complex with M3M Urbana Premium.

M3M’s project partners include:

  • Ac – Daikin
  • Lifts – ThyssenKrupp
  • Chinaware, CP fittings – Kohler
  • Pre-engineered Hardwood Door – Sandor
  • Hardware – Dorset Kaba

About M3M

Within just a short span of time, M3M has emerged as a distinguished real estate developer. With the group’s key project launches, designed and developed in association with world-renowned partners, it has proved that speed, class, and innovation lie at the core of its vision.

On a delivery spree:

M3M Group recently delivered two of its important commercial projects – M3M Urbana, largest integrated commercial development and M3M Cosmopolitan, the only hi-street retail on Golf Course Road Extension.

Three of its residential projects – M3M Golf Estate, M3M Merlin and M3M Woodshire – approximately 2,000 units spanning over more than 100 acres of prime development – are now lined up for delivery.

For more Information About M3M Merlin Please Visit- http://www.reiasindia.com/properties/M3M-Merlin.html

Or Call us at 09999964462 or Email Us at – INFOREIAS@GMAIL.COM

Drop Your Contact Information we will be in Touch with You

Ireo Grand Arch Best Rental Property on Golf Course Road

IREO Grand Arch, is part of a 700+ acre township called the IREO City, located at the Golf Course Road Extension on 60 meter wide sector road, in Sector-58. The construction is being done by L&T and follow the Shear Wall Construction concept. The Shear Wall Construction method ensures a completely brick less structure, and hence delivering a quality finish and a seepage free product for the lifetime.  A lot of thought has gone into planning The Grand Arch. Unlike most developments, The Grand Arch has a very Multi-dimensional feel to it, as the towers are well placed, and of different heights (4 Towers of G+7, 4 Towers of G+29 and 1 Tower of G+22). Also, there are plenty of open spaces & landscaped gardens, giving each resident a sense of space & freedom.

Ireo Grand Arch, Grand Arch Gurgaon, Ireo Grand Arch Price, Grand Arch Ireo, Ireo The Grand Arch Gurgaon, Ireo Grand Arch Floor Plan, Ireo Grand Arch Resale, Ireo Grand Arch Sector 58 Gurgaon
Ireo Grand Arch, Grand Arch Gurgaon, Ireo Grand Arch Price, Grand Arch Ireo, Ireo The Grand Arch Gurgaon, Ireo Grand Arch Floor Plan, Ireo Grand Arch Resale, Ireo Grand Arch Sector 58 Gurgaon

Ireo Grand Arch, Gurgaon- A Name That Defines Luxury Living in Gurgaon:-

IREO Grand Arch Includes World-Class Amenities That Attract Prospective Buyers Like 30000 Sqft World Class Club House Some Of The Attractive Features Swimming Pool, Fitness Trails, Jogging Track,Gymnasium,Yoga Ireo City Spread over 800 acres, the integrated township, will offer a unique mix of features such as an elevated walk way connecting the entire township, art centers, theatres,50 Acres World Class Golf park etc. Ireo City development will also include schools, hospital, parks, luxury hotels, shopping malls, service apartments and office complexes, Hotel Hyatt.

Ireo Grand Arch East & West Wing Sizes Floor Plan:-

  • 3 Bd-Sq Area-2164 Sqft. @Rental Rs 42000/Sqft + Maintenance Rs 12000/
  • 3 Bd-Sq-St-Lawn Area- 2427 Sqft.@ Rental Rs 55000/Sqft + Maintenance Rs 14000/-

Ireo Grand Arch Single & Midrise Tower:-

  • 3 Bd-Sq–Front Lawns Area- 2163/2164 Sqft.@Rental Rs 42000/Sqft + Maintenance Rs 12000/
  • 4 Bd-Sq-St Areas 2857/2865 Sqft. @Rental Rs 55000/Sqft + Maintenance Rs 15000/

Ireo Grand Arch Gurgaon Facility-:-

  • Arrive In Style, Skywalk Network, Clubhouse, Sports Centre.
  • Energy Efficient Living, Unique Two Bedroom Duplexes.
  • 4 Side Open Apartments, Villa like Apartments.
  • Recreation Facilities, Lush Landscape.
  • High Speed Elevators Treated Water Supply, Piped Gas.
  • VRV & VRF-Variable Refrigerant Flow Technology with Heating and Cooling.
  • 100% Power Back-Up, 3 Tier Securities.
  • Sports Facilities, Tennis, Badminton and Basketball Courts.
  • 10 Feet High Ceiling, Special Wardrobe Spa.
  • Duplex apartment with double height ceiling over the lounge and dining area.
  • CCTV In Basement and Main Entrance Lobby for Surveillance.

Visit Ireo Grand Arch Video- https://youtu.be/G6mggUnDh8M

For Further Assistance Call us at +91-99999-64462 / 0124-4224462

FOr Any Query About Real Estate Projects Be in Touch with Us-

Emaar Palm Terraces Select Construction Update

Emaar Palm Terraces Select Offers 4 & 5 Bhk Ultra Luxury Apartments at Palm Drive on Golf Course Extn Road gurgaon, This is Constructed by IL & FS. Possession Expected by December 2017.

Emaar Palm terraces select, A part of the palm drive development, Is spread over f 8 acres. The project comprises of 12 towers and a total of 262 apartments and 16 pent houses. With only 2 apartments per floor and 2 dedicated lifts, It gives a sense of exclusivity and privacy. Ideally located, Off the golf course extension road, With easy access from the main road, It is surrounded by residential neighborhoods that have excellent infrastructure and access to the city commercial sectors. Palm terraces select enjoys wide open spaces and a fresh, Green, Natural environment.

Emaar Palm Terraces Select Construction Scheduled

Emaar Palm Terraces Select Birds view

Emaar Palm Terraces Select Internal Court Updates

 

For More Detail About Emaar Palm Terraces Select Visit- https://goo.gl/jX94m2

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