Brigade Eternia RERA approval is under process by the Karnataka state RERA board as it has already been applied. The project is expected to receive the RERA approval in February 2025. After receiving all the necessary approvals, Brigade will launch the project and start selling.
In the real estate sector RERA approved projects help homebuyers and investors to proceed with confidence while purchasing the property. RERA approval means the project has gone through all legal verification by the Real Estate Regulatory Authority. The projects ensure Transparency, quality construction, timely delivery, and security.
Here are some of the benefits of RERA approved project
● Transparency:
Builders will provide all the original documents, and they are not allowed to change the development plans in future stages. So that buyers can easily trust as there will be no modifications.
● Fixed Payment Structure:
As per RERA rules, Builders should not ask for more than 10% advance from the buyers before the sale agreement. This money should only be dedicated to property development costs.
● Builder Authorisation:
The property developers are not allowed to advertise or sell the property before approval from necessary authorities.
● Quality Assurance:
If the buyers face any issues within 5 years of delivery, the Builder should rectify the problem within 30 days.
● Failure of timely delivery:
If the property Builder fails to deliver the project within the promised date, buyers have the right to ask for a refund.
The Brigade Eternia is a residential project developed by Brigade Enterprise in Yelahanka, North Bangalore. It has spread over 14 acres with 80% of open space. There are a total of 12 towers offering 1124 units. The apartment units are designed to present a spacious 3 and 4 BHK. Brigade Eternia's RERA approval price ranges from 2.2 Cr to 4 Cr.
After the Brigade Eternia RERA Approval process, project construction starts, and it is expected to be completed in 4 years. The possession date is set for November 2029.
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