Prestige Raintree Park RERA
Prestige Raintree Park is RERA approved, and the RERA registration number is PR/270824/006981. The builder launched the project after receiving the necessary approvals from the authorities.
Prestige Raintree Park received RERA approvals, and the number is PR/270824/006981. The project is being developed in multiple phases.
The model apartments at Prestige Raintree Park are already open for public viewing.
RERA was established in 2016 to increase real estate transparency. It is also known as the Real Estate Regulatory Authority. Buyers can avoid problems by selecting RERA-approved projects.
| Type | Apartments |
|---|---|
| Project Stage | Prelaunch |
| Location | Whitefield, Bangalore |
| Builder | Prestige Group |
| Floor Plans | 3,3.5,4 & 5 BHK |
| Price | Rs. 2.59 Cr* Onwards |
| Total Land Area | 125 Acres |
| Total Units | 1520 Units |
| Size Range | 2004 - 3698 Sq.Ft |
| Approvals | RERA |
| RERA No | PR/270824/006981 |
| Launch Date | August 2024 |
| Pre-launch Date | 29-August-2024 |
| Completion Date | 4 years from launch |
| Possession Date | Dec 2028 |
Key features and importance of RERA :
- Transparency : RERA requires developers to register their projects and provide complete information on the project, such as schedules, approvals, and plans. This transparency gives consumers precise information to empower them.
- Builder Liability : Developers are now liable for any project delay or change in the plan without approval. They must follow deadlines and promises or face fines for delays and deviating from the reserved programs. On-time project delivery is now the responsibility 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 designated project and stops money from being diverted to other initiatives.
- Title of Property : RERA requires the developer to give the buyer a clear title to the land and hold legal title. By doing this, the possibility of property ownership disputes is reduced.
- Dealer Responsibility : RERA requires the developer to give the buyer a clear title to the land and to hold legal title over it. By doing this, the possibility of property ownership disputes is reduced.
- Customer Protection : RERA places a high priority on protecting homebuyers by giving them access to a legal framework for resolving complaints and guaranteeing ethical behaviour in the real estate industry.
Prestige Raintree Park, a luxurious township project by Prestige Group in Varthur near Whitefield, East Bangalore, spans 125 acres of land. Offering 1,520 well-built residential apartment units. It offers premium 3, 3.5, 4, and 5 BHK apartments with sophisticated amenities and promises a serene green haven for a comfortable lifestyle. The project apartment unit size ranges from 2,004 sq. ft. to 3,698 sq. ft. in Bangalore's prime employment zone.
