When it comes to investment, real estate stands out as one of the most sought-after options, demonstrating consistent growth over the years. However, this sector was plagued by unregulated activities and misinformation, making it a chaotic playground. The establishment of RERA Chhattisgarh has brought about a significant change in the landscape of the real estate sector. RERA, through its ardent rules and regulations, guarantees a reliable and transparent real estate sector and prevents fraudulence, securing your investment.
Role of RERA Chhattisgarh in Securing Your Investment
The major aim of RERA Chhattisgarh is to create transparency between the buyer and the seller in the real estate market. The Act mandates the registration of all real estate projects, thereby ensuring that you invest your money in a legal project. Builders are now obligated to provide factual project details, ensuring that you are properly informed and not misled.
RERA Chhattisgarh also dictates that builders must deposit 70 % of the obtained funds in a separate account. This stipulation ensures that the funds collected for a particular project are utilized only for that specific project, thereby safeguarding the timely completion of the project and protecting the buyer’s investment.
Importance of Bhoomi Online in Secure Property Investment
Bhoomi online is a digital initiative by the government facilitating you with seamless online access to land records. You can use this portal to verify the rightful owner of the land, check for any encumbrances, and confirm the accurate land measurements before investing.
Before RERA, the real estate transactions were majorly controlled by builders who often manipulated records or provided deceptive information to lure unsuspecting buyers. However, with the advent of Bhoomi online, you can now access the complete history of the land, making the investment process transparent and secure.
RERA Chhattisgarh and Bhoomi Online – The Intermingling
Bhoomi Online and RERA Chhattisgarh intermingle perfectly to provide you with heightened security for your investment. While RERA Chhattisgarh keeps a stringent check on the builders and their projects, Bhoomi online ascertains that you hold an authentic piece of land.
RERA Chhattisgarh mandates the builders to submit current land status, authenticated land title, and project plan to register the project. Here, Bhoomi online comes into play, as it helps in verifying these details. Therefore, the integration of RERA Chhattisgarh and Bhoomi Online has made the real estate sector a more reliable place to invest.
Redressal of Grievances under RERA Chhattisgarh
In case of discrepancies or disputes, RERA Chhattisgarh ensures a swift and effective resolution. It establishes a tribunal exclusively for handling issues related to real estate investments. This provision furthers the secure investment environment cultivated by RERA, as it provides you a platform to voice your concerns and makes sure justice is served.
Conclusion
RERA Chhattisgarh, in unison with Bhoomi Online, has revolutionized the real estate sector, shifting control from the builders to the buyers. It validates every piece of information, ensuring you invest your hard-earned money in a project that is legitimate and risk-free.
Â
So, whether you dream of owning a small piece of land, a flat, or a massive property, make sure to use RERA’s protective shield. By being mindful of these reforms and utilizing them effectively, you can navigate the vastness of the real estate market with certainty and safeguard your investment.