Sobha Crystal Meadows RERA

RERA registration is compulsory before advertising, marketing, booking, selling, offering for sale, or inviting individuals to invest in any plot or building. If a builder tries to sell or market an unregistered project, a buyer might submit a complaint against the developer or builder. RERA serves as a shield to protect buyers' interests in RERA-registered projects.

The attributes of RERA are as follows:

• Transparency: RERA mandates that developers register their projects and submit all pertinent documentation. Documents such as the project master plan, development schedule, and government licenses are required from builders. This transparency certifies investors and customers by giving them truthful information.
• Builder Liability: As of right now, developers are liable for any unapproved modifications to the plan as well as project delays. They could face penalties if they miss deadlines and violate reserved program criteria. Therefore, they have to give accurate information. Project delivery on schedule is now required of the developer.
• Advance Deposits: Builders must deposit a portion of the project's cost into a different bank account. This clause guarantees that resources are allocated to the approved project and stops money from being transferred to undesignated projects.
• Title to Property: By RERA, the developer must grant the buyer a clear title to the property and maintain legal ownership. It lessens the likelihood of property ownership issues.
• Protection of the Consumer: RERA gives investors and homeowners a legal framework to resolve disputes and property fraud, guaranteeing developers would act morally.

The government of India implemented RERA to address issues that property buyers have to face. The Act was also launched to upsurge responsibility and transparency in the real estate sector. The Authority oversees the real estate sector. However, the real estate project and the agent must be registered.

Located on Sarjapur Road in East Bangalore, Sobha Crystal Meadows is a remarkable residential development with a theme of London crystal palaces. The project offers stunning duplex and triplex four-bedroom row villas. Over 26.5 acres of land are being developed for the enclave, with 290-row residences. The 4,100 sq. ft of the ground floor plus two stories make up the size of the duplex homes. A 4 BHK triplex floor space (ground floor + 3 stories + private terrace) is 4435 sq. ft. These opulent mansions have an initial cost of 7 crores. The project has applied for RERA approvals, and the builder will strictly follow the authorities' rules.