Birla Trimaya has received RERA approval from Karnataka RERA board in 2 Phase, Phase 1 and Phase 2. The RERA registration number of Birla Trimaya Phase 1 is PRM/KA/RERA/1250/303/PR/300823/006200 and RERA registration number of Birla Trimaya Phase 2 is PRM/KA/RERA/1250/303/PR/040924/006988. Phase 1 of Birla Trimaya received RERA approval on 30/08/2023 and Phase 2 of this project received RERA Approval on 04/09/2024.
It is the compulsory approval to be taken from the Karnataka RERA Board to begin the construction and sale of the project. The project has also received approvals from BDA, BBMP, BRDA, and banks.
The RERA stands for the Real Estate Regulation Act, passed by the Indian Government in 2016. This act made it mandatory for real estate projects that exceed 500 sq m, or 8 flats, to register with the respective State RERA boards. The RERA board's official website will carry details on the approved projects.
Birla Trimaya RERA registration is done and is visible on the official webiste. The project has received permission to start development. It is an enlisted project on all official sites and records. The project brochures and related marketing displays show the RERA number.
Birla Trimaya RERA intends to regulate smooth trades between the builder, promoter, and buyer. It will also allow its buyers to have complete access to the project details, which will be published in the public domain. Easy access to project details will build the trust of the buyers. The buyers can directly access the data about the project's progress.
It will also surge the demand for housing projects. When a project is approved by the RERA board, the buyers are entitled to have precise details on the carpet area and SBA. The Board has set a standard for defining and calculating the carpet area. It was not the case before RERA was enforced, as the builder had the liberty of formulating it per their logic.
Birla Estate takes the full onus of publishing all details related to floor plans as specified by Birla Trimaya RERA norms. The carpet area plays a major role in defining the cost of the property. With the right carpet area precepts, Birla Estate assures its investors with fair and evident transactions.
As per Birla Trimaya RERA norms, the project will keep all the key details clear to the buyers. The key data related to the site plan, net area, master plan, and floor plan are published to the customers. Once the project is registered with RERA, it deals with any issues related to delays, price, title, and quality of the building. The buyers are entitled to a full refund of the advance paid if there is any mismatch in the commitments made.
Birla Estate has declared the date of launch to be by the end of 2023. The project development is set to end in 2027. The project comes up on 53 acres and features 3000 flats. The firm takes the onus of strictly adhering to these timelines, as declared in the affidavit. The stature of the firm speaks for itself that Birla Estate has always stood by its commitments. Each of their projects has met timely completion. The sites are legally pertinent, and the tiles of the projects are absolute, freehold, and saleable.
Major benefits of Birla Trimaya RERA:
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