What is RERA ACT | Impact of RERA | All Information you need to know
We all dream of buying a decent home for ourselves, a lot of investment is made towards fulfilling this dream. It was the case earlier that the builders lobby were not transparent with their clients when it came to the selling procedure of their projects. Clients were often duped by builders and they had very limited rights when it came to the whole real estate investment process. Each builder followed their own process to secure clients, there was no uniformity whatsoever.
As a measure to safeguard the rights of home purchasers the RERA or Real Estate (Regulation and Development) Act, 2016 was formed. This act protects them from unfair practices of the builders. Real estate developers in Goa have opted to make themselves come under the purview of this legislation in order to secure the trust of the clients. To put it in a straightforward manner, builders and developers cannot sell any new project without first registering their project with the RERA. In Goa we have a Real Estate Regulatory Authority to regulate real estate development if buyers face any hassles against the builder in their dealings they can approach this body with their complaints.
RERA has made it mandatory for all builders to get all approvals from different agencies of the government before they can commence with any project. Real estate companies will be given a registration number by the regulator which is needed to be mentioned in every property sale. The RERA authority has all the power to ensure that proper procedure is followed, if not it can impose penalties and imprisonment. Read here RERA Benefits to Home Buyers
Must have Amenities in a Luxury Apartment Project
We at Classic Squares insist on top quality services in everything that we do. We make sure to deliver well designed living spaces inside apartments as well as around it. We believe that anyone investing in a luxury real estate needs to get the best of amenities providing them with value for their money. Here is a list of essential amenities a luxurious residential project must have.
- Gym
- Swimming Pool
- Mini Theatre
- Play Area
- Balcony Garden
- Luxurious Rooms
- Modular Kitchen
You cannot label your apartment as a luxury apartment if you do not have these amenities. A luxury apartment project is such that it must pamper the owner to the maximum limit. We customize luxury apartments to meet all the needs of our clients and give them that luxurious feeling in all that they do in their homes.
2BHK and 3BHK Apartment-Which is the best option to invest in
Real estate happens to be one of the best investments you can ever make. We at Classic Squares do understand that every bit of investment is a major commitment from the end of our clients. We are here to help create your dream home and assist you even in deciding the best options for you. A dilemma that often strikes us is whether to invest in a 2BHK or a 3BHK apartment in Goa.
In our opinion, buying 2BHK or a 3BHK are great investments. We cannot generalise and say that one of them is the best for all clients. The final choice of whether a 2BHK or 3BHK is a good investment lies with you according to your needs and comfort. We will talk about a few things to keep in mind before deciding as to which investment suits you.
- Size of Family
- Budget
- Advantages of Owning a 2BHK & 3BHK
The final decision belongs to you as in our opinion both a 2BHK and a 3BHK are great investments. It finally boils down to the fact of making sure you get value for money, great amenities, a safe surrounding and quality construction.
Why Buy Home in Goa?
Almost every home in Goa will look like your dream home. They are perfect for those calm and cozy moments.Goa has a scenic environment as opposed to metros, thus making it the best location to buy a home away from those concrete jungles. Long stretches of sandy areas, pristine beaches and an untouched inhabitation makes it the perfect place to own a home.
The greenery around Goa makes it the perfect pollution free environment. The paddy fields around you have such a calming nature on your body. The climate in Goa is perfect.It is neither too hot nor too cold, plus the rainy season is the most beautiful season of the state.There are several reasons for you to buy your home in Goa.Known for its ‘Sushegado’ lifestyle and peaceful living Goa is the favourite place for the young and the old alike. When you are in Goa you tend to forget your worries and feel relaxed. Owning a house in Goa is a feeling of happiness and it is also a great investment if you are a regular visitor to Goa.
Reasons to Own Home in Goa:
- Sense of Security
Cost of Living
Rent it Out
Unique Architectural Houses
Wise Investment
