Prestige Southern Star RERA Approval

Prestige Southern Star has applied for RERA approval from the Karnataka RERA Board. The RERA approval for the project will be received soon in October 2024. It has also applied for other approvals like BBMP, BMRDC, BDA, and bank approvals. The township's launch date is scheduled for October 2024. Its possession and occupation are set for Dec-2028 after 4 years of construction.

The RERA is an act that attempts to protect the interests of buyers and developers like The Prestige Group. It is for buyers and sellers as restrictions apply to housing and commercial buildings. So, try to opt for RERA-approved projects to avoid any confusion in the future.

Once the project receives the RERA approval, the RERA number of the project will be published to the public on the RERA website. After that, in the same month, the launch of the project will happen and the booking of units will start.

• RERA Approval – expected to receive the approval in October 2024
• Launch of this project – October 2024
• Possession of the project – December 2028

RERA provides the buyer complete transparency regarding the property and the transactions between buyers and developers. Buyers had to face the difficulty of not obtaining the project at the time pledged by builders, which is no longer allowed now. Since the launch of RERA, malpractices in buying have decreased fully. Builders will follow all laws under this Act, and failing buyers are given the right to raise a complaint against the builders.

Benefits of Prestige Southern Star RERA

• Buyers have the right to know all the information, including the layout and possession status of the project.
• Within 5 years of possession of the units in the property, if any problems occur, the builder will rectify them in 30 days at their cost.
• A standard formula is there to calculate the carpet area of flats. So, builders are prevented from quoting carpet areas to raise prices.
• If there is a variation in the project regarding what was assured, the buyer can refuse to buy the units and get a refund of the advance amount.
• The Act made developers ensure correctness in details provided to the buyer.
• If the buyer discovers a defect in the title at the time of possession, they can get compensation.
• The initial payment will never exceed 10% of the project’s cost.
• After all the plans, builders cannot make changes without the buyer’s consent.

The project has the plan ready, and it is waiting for RERA's approval. It will be soon as the Prestige Group always meets all standards. Then, the project launch will be done, and all details about the project will be revealed. As the builder finishes the project on time, the possession time will be on time, and buyers can have a great life in their dream homes. The site is in the pre-launch stage and will receive all the necessary approvals. The Prestige Group follows the best policies to offer an excellent living experience with luxury. The approval will be received soon, and you can check on the official site to get all the information. The Prestige Group is one of the leading construction companies, and almost every builder project is approved by RERA, and Prestige Southern Star is no exception.