Bangalore has been one of those cities in India which has seen the phase of rapid development and advancement since the beginning of this century. In the early 2000, Bangalore started drawing the attention of the whole nation as it was gradually grooming up to become a hub of Information Technology(IT) industries and corporate business organizations which was backed by a friendly work environment. This developmental change in Bangalore started making a positive impact on the real estate scenario of the nearby places, mainly in Gottigere and in the nearby places. Bannerghatta Road or State Highway 87 is the primary and active connection between the central part of the city of Bangalore and the outskirt places like Jigani, Anekal and Gottigere. Gottigere and the nearby places Locations such as Arekere, Hulimavu, Gottigere, Puttenahalli and JP Nagar Phases 6 and 7 are close to Bannerghatta Road, are going through several residential developments. Bannerghatta Road and Gottigere are equally prevalent as far as the rent facilities are concerned. Prestige Park Square With the advancement in the city of Bangalore, Gottigere has evolved into a robust micro market, rendering it to be an influential business zone. It is because of this reason, the real estate started taking large strides in this area. Prestige Park Square in one such project of the Prestige Estates Projects Limited which is creating huge buzz in and around the concerned area for its comprehensive facilities and varied utility. The cream location of South Bangalore and the availability of super specialty services all around, has made the project more enticing. Apartments The luxuriously planned project is spread over a wide area of about 8 acres. This splendid creation of apartments usually caters 2 and 3 BHK apartments to its customers. The project will consist of 3 buildings with a composition of about 586 units. Apart from the lavishly-designed apartments, the other amenities that add to the elegance of this place are the presence of a badminton court, amphitheatre, landscape garden all around, indoor games facilities, squash and tennis playing arena, swimming pool for both adults and kids, party hall, parks meant for leisure and club houses. Moreover, the project is located close to the proximity of several schools, offices, hospitals, shopping centres and other social infrastructures, making life here quite smart and comfortable. Price tags The base price of the Prestige Park Square is Rs. 66.34 lacs. The EMI starts at 41.3 lacs. The price allotted here for the apartments begins from Rs. 4940 per square feet. The 2 BHK flats cover an area of 1115 square feet and the 3 BHK flats covers an area of 1130 square feet. The project is expected to hit the market by the year 2022. It helps the clients with various choices of financial assistance with which it is collaborated such as the Axis Bank, HDFC Home Loans, LIC Housing Finance Limited, etc. Contact number: 8553159202 More space with enthralling interior design and that too within an affordable range is what is responsible for making the project more eye-catching and convenient of for the interested buyers. Prestige Park Square is aimed at providing all suitable services to its residents in the best way possible.
0 Comments
RERA has streamlined and restrained the real estate sector. All data identified with ventures are in the public domain now and effortlessly accessible. Transparency has expanded fundamentally which has imparted trust in purchasers. Well known developers are coming up with projects like Prestige Park Square located in Bannerghatta Road that are RERA registered to ensure quality to the end customers A complaint under the RERA is required to be in the frame endorsed under the separate states' rules. The complaint can be documented regarding a project enrolled under RERA, within the recommended time confine, for infringement or contravention of arrangements of the act or the rules or regulations framed under RERA. HOW TO FILE THE COMPLAINT A complaint can be recorded under Section 31 of RERA either with the Real Estate Regulatory Authority or the adjudicating officer. This complaint can be documented against promoters, allottees as well as real estate agents. Numerous state governments have laid out the methods for documenting applications under RERA. A complaint must be in the form recommended according to the separate state government's principles. In the event that a purchaser's rights are disregarded or any arrangements of the Act is repudiated then an objection can be documented under RERA in the format provided by the separate state government. You have to visit the RERA portal of the particular state government. The expenses for filing varies from state to state. IMPORTANT DETAILS Some of the important details that needs to be furnished while filing for RERA are:
ROLE OF NCDRC The National Consumer Disputes Redressal Commission or as commonly known NCDRC may set aside time for final adjudication so RERA offers a desire for quick disposal and early resolution of a complaint. On the off chance that the case is pending before the NCDRC then you can pull back the case and approach the RERA specialist specifically. The best piece of RERA is that you can expect a speedier resolution in contrast with other lawful discussions besides. It is a quasi-judicial authority implied for just land matters. In this manner, real estate cases can be better dealt with under RERA. BENEFITS OF RERA
TIME FRAME FOR COMPLAINT RESOLUTION There is no particular time period provided in the RERA, for recording a complaint. In any case, a complainant ought not be complacent. Complainants under RERA will require to agree to the time period for starting procedures, as recommended in the Limitation Act, 1963. The time periods under this Act differ, in light of the particular cases. Moreover, keeping in mind the end goal to look for urgent interim relief, it is prudent to approach the RERA specialist at the earliest opportunity, after the move causing the complaint takes place. Documenting a complaint under RERA isn't a troublesome errand. You have to keep your reports prepared and hold up a complaint on the web or offline according to the certainties of the case. On the off chance that your claim is advocated, RERA will not disappoint you. RERA is for consumers and the expert will pay notice to their cases according to the Act. Get in touch with us for more for info contact - 8553159202 With projects like Godrej Verve concurring the market, people often opt for home loans to invest in their dream home, however, in the event that you are not content with your current Home Loan you can exchange your credit to another bank. Loan Transfer or Refinancing of credit is a simple alternative through which the majority of the general population these days is selecting to take the advantage of lower loan costs winning in the market. Here are some easy steps on how you can transfer your loan 1. DO THE COST BENEFIT ANALYSIS Analyze your circumstance to choose the suitability of exchanging your home credit. On the off chance that your home credit is on a fixed interest rate, at that point you should pay a prepayment penalty to exchange your loan. In this circumstance it isn't prudent to transfer your home loan. However, in the event that you have a high floating interest rate, at that point exchanging your credit to a lower interest rate will be valuable. Most driving banks are presently offering interest as low as 8.3% every year. 2. GETTING AN NOC FROM THE BANK Following stage is to get a NOC (no objection certificate) from your bank alongside - foreclosure letter, your installment history and rundown of your reports that the bank has. This procedure may take 1 – 3 weeks, differing from bank to bank. At this stage, your present Bank will endeavor to hold you by offering to slice the loan fee. It is best to take this offer and get a counter offer from another bank, with somewhat more exertion. 3. FILING APPLICATION TO THE DESIRED BANK For this you should get a NOC from your society/developer and submit confirmation of proprietorship, verification of income and so on to the bank. The bank will then check your capacity to pay the EMI. Since the procedure differs from bank to bank, it isn't conceivable to list a standard strategy here. While applying, you can choose to top up the balance on your home credit, decrease EMI or reduce tenure. 4. GET CREDIT APPROVAL This is a tedious procedure, as various banks have set diverse techniques. This procedure may take 3-4 weeks, differing from case to case. The bank will do broad historical verifications on you before they give you a credit endorsement. It will - Re-assess your home loan, Check your record of loan repayment, Check the legitimacy of proprietorship, May likewise require additional documents from you. After the Credit Approval process is finished, the bank will give you a letter expressing the financing cost at which the loan will be authorized alongside terms and conditions. When you get a credit endorsement from the new bank, it's an ideal opportunity to settle on an official conclusion to switch. You have two alternatives - Switching your home credit from your current bank to the new bank or Switching your home advance inside a similar bank to a lower loan fee 5. DOCUMENTATION In the last stage, you should finish the documentation procedure with the picked bank. Both, your old and new bank will have a particular prerequisite of set of records to finish the exchanging procedure. Because of a high difference between interest rates for existing and new clients, a few home loan clients are troubled with the high rates they are being compelled to pay. Yet, when banks begin segregating among its old and new clients, it's the ideal opportunity for you to exchange your home loan to a lower financing cost and spare cash. With the increasing pace of urbanization, the biggest challenges faced by metropolitan areas is traffic congestion, which has also become an obstacle in the development of real estate sectors in such cities. The increased population has put the existing infrastructure in the cities under stress. Also, the rapid urbanization in the metro cities has led to an increase in demand for mobility which in turn is leading to increased use of private vehicles, which results in congestion on roads, pollution, the public safety issue and increased household spending. Traffic is affecting the stress levels and the productivity, so people prefer homes that are close to their workplace. Nowadays, almost all metropolitan cities in India have huge traffic jams and the real estate market in such areas often struggle, as people prefer to buy homes at the places which offer easy connectivity. Expectations of people from real estate Perfect example that meets the expectations of people is Prestige Eden Garden located on Sarjapur Road, Bangalore which covers the best part of the area and offers an easy connectivity in and around the city. Also, the landmark of the project is very convenient for the IT professionals. The project’s excellent location linking it with all significant landmarks of Bangalore makes it the most prestigious one. Traffic and its impact on the property market The traffic adversely affects the busy lives of people which directly influence the real estate business, as no one wants to spend their precious time on jammed roads. People and their lives are so fast in metropolitan cities that they don't even have time to wait for the signals so people there prefer the locations that offer easy connectivity, such projects of the property market are successful. On the other hand, the projects that are located in the areas with huge traffic are facing a downfall. What is the government doing? Although the government is also taking several steps (like establishing the entire metro network) to decongestant cities, these may not be enough. But a well-planned and quality mass public transport system, will not only decongestant traffic and allow people to travel across the city in minimum time, but also ensure that real estate gets ample space to grow. Problems due to congestion in big/metropolitan cities
According to a research by India brand equity foundation, it is assumed that the government of India plans to invest Rs 3 trillion for developing 35,000 km of roads across the country, of which, 21,000 km will be economic corridor and 14,000 km will be feeder routes, which is expected to improve freight movement, ease traffic jams and improve intercity connections, this, in turn, will improve the property market business. |
|