Arvind The Park has met all requirements and possibilities to get sanctioned by RERA. The official number of Arvind The Park RERA Approval is ACK/KA/RERA/1250/303/PR/050325/007549. The project also has other approvals like BBMP, BDA, and BMRDC.

RERA approval denotes that a real estate project has been registered with an approval document by the Real Estate Regulatory Authority, which ensures regulations and encourages transparency to the buyers.

Arvind The Park is a luxurious and spacious plotted development project. The location of this great project is in Devanahalli, Bangalore. This project development is spread over 100+ acres, offering 340 plots in phase 1. The starting price of the units is INR 42 lakhs onwards.

The Process of RERA Approval:

This RERA approval date is a milestone in the real estate project development process. It is a crucial step. On the RERA approval date, the sequence of events happens –

• Developers need to register their real estate projects for RERA approval before advertising.
• They must produce authentic documents of project details. Land title, approvals, scheduled delivery date and layout structure.
• Builders are obligated to disclose their RERA information on their website.
• Developers need to have an emergency escrow account, where 70% of the funds will be stored from the buyers’ deposits. The amount can only be used for specific special construction or emergency purposes.
• Developers must clearly mention the total net carpet area of a plot. Net carpet area includes useable floors within the walls, excluding balconies, common area and terrace.

Key Characteristics and Significance of RERA :
Complete Transparency:

RERA ensures honesty in real estate transactions. RERA makes it compulsory for builders as well as developers to submit timely and proper information about the project. It helps to maintain transparency and build trust amongst the buyers.

Calculation Of Standard Carpet Size:

RERA has regular and standard carpet size measurements, on which the sale of the property by developers depends. It helps the buyers to compare and differentiate between 2 properties before making the final decision.

Timely Delivery:

By booking a plot at this project ensures timely project delivery. As per the rules, Arvind The Park RERA Approval ensures that buyers are taking over their plots legally on the mentioned date.

Dispute Resolve System

RERA presents the opportunity for buyers to have a smooth dispute resolution system with the builders. Though the chances are close to none, if you have any grievances or doubts about your property, you can easily take this up with the developers with adjudicating officers and appellate tribunals. It can help in resolving the issue faster.