RERA benefits buyers in more ways than one, as it answers home buyers’ concerns, questions & calculations. Real Estate (Regulation & Development) Act (RERA) is the most discussed of the Real Estate topics that has taken the industry on a whirlwind of questions. But, the only thing you as a buyer should be concerned about is that this Act makes your buying easy, & ensures a transparent buying experience.

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RERA Rolls Out Red Carpet for Buyers
By Century Real Estate August 01, 2017

If you are a Buyer rearing to buy that premium apartment you envisioned being your dream home, read on…

Century Ethos - Bangalore RERA benefits buyers in more ways than one, as it answers home buyers’ concerns, questions & calculations. Real Estate (Regulation & Development) Act (RERA) is the most discussed of the Real Estate topics that has taken the industry on a whirlwind of questions. But, the only thing you as a buyer should be concerned about is that this Act makes your buying easy, & ensures a transparent buying experience. RERA protects consumers’ interest by promoting fair play in the real estate sector. Also, under RERA, Agents/Builders/Developers are required to share all information & documents about the project with the buyers, which they are entitled to at the time of booking a property. So, what you see is what you get, eliminating even an ounce of doubt or distress at a later stage. This also helps sellers gain home buyers’ confidence.

Century Real Estate - Wintersun - BangaloreRERA now makes it a MUST for property developers to disclose the carpet area of all units and space they sell. This benefits buyers bringing in greater transparency on what builders have to offer buyers. This data shared by builders will aid home buyers get clarity on what they are paying for. “How much livable space do I get for my money?” This is now crystal clear with RERA’s mandate on carpet area. This in fact has already boosted confidence among buyers who are now sure on taking an informed decision on the property they wish to invest.

If you are looking for luxury apartments for sale in Bangalore in developing, most sought after areas like Hebbal, Jakkur, Sarjapur Road or Raja Rajeshwari Nagar, or Bangalore apartments in general, here is what you need to know:

Area of a property is calculated in 3 ways – Carpet Area, Built-up Area & Super Built-up Area.

Century Real Estate - Wintersun - BangaloreCarpet Area is the net usable area of the apartment floor that comes within the external walls but excluding verandah, balcony, service shafts, any open space & terrace areas additional to the usable area entirely for the apartment/flat buyer.

Built-up Area is the carpet area and additional areas approved & allotted to you, like the area of the inner/outer walls, such as the balcony area.

Century Real Estate - Wintersun - BangaloreSuper Built-up Area includes the built-up area plus proportionate area of common areas such as the lobbies, lift shaft, galleries, stairs and in most ultra luxury apartments, this also includes common areas such as swimming pool, club house, & other utility areas.

As the renowned writer Mark Twain once said, “Buy Land, they are not making it anymore”,investing in a property is always the right, focused & consistently growing investment for life. RERA’s mandate swings in favor of you – the buyers. So invest wisely.

Loved reading this post? Do share it with friends. Happy Home Buying!

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