5 reasons why investing in an under-construction home is no longer risky

Homebuyers are finally getting the security and protection they deserve when investing in an under-construction property.
This good news comes in the form of the Real Estate Regulation and Development Act, which protects the rights of home buyers and makes real estate an even more secure investment.
Here’s how RERA is protecting the right of homebuyers:

Developers have to keep their promises

It is now mandatory for a developer to post all information about the project online. This includes the project plan, layout, government approvals, land title status & the schedule for completion.
Now, all the information you require when booking an under-construction home is transparent and at your fingertips!

Clearly defined carpet area

Developers can no longer be ambiguous about the size of their residences. The area of an under-construction home must clearly be stated in carpet-area and not the inaccurate super built-up area. Now you know exactly what you’re paying for!

Get Clearly defined carpet area assurance of delivery

Why should the buyer pay with inconvenience when a builder misses the delivery deadline? RERA is here to protect the rights of homebuyers by making it mandatory for builders to pay compensation in the case of a delay. This makes booking an under-construction home all the more secure!

A change in plan requires consent

And finally, RERA is now making it impossible for developers to go back on their word in regards to the project planning, without the written consent of the buyer. With these five laws firmly in place, homebuyers can now invest in an under-construction property without the uncertainty.

If you are looking to invest in Thane, why go through the hassle of looking for a trustworthy developer when you can book homes with Larkins Group, Mumbai’s most trusted builder! Presenting L’Amour, Romanesque homes in Thane by Larkins Group. The project is fully government certified and is in accordance with the Real Estate Regulation & Development Act. To know more about these spacious 2 BHK & 3 BHK apartments in Panchpakhadi, Thane West, Mumbai, click here