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Raheja Developers – Live in Awe every second of the day

With the extensive growth of a city, comes the essential need for more residential and commercial spaces. Research suggests that the coming years shall witness an increase in investments into the commercial office space sector as new investment grade projects are coming in. Commercial office spaces keep on gaining pace with foreign investors looking at a pie of the market potential.

fully furnished office spaces in Gurgaon

Astounding fully furnished office spaces in Gurgaon, represent our authenticity in design and attention given to providing the utmost comfort. We work closely with seasoned experts to guarantee that every one of their ventures is delivered to build trust and value. We consistently look to enhance social and monetary commitment and strive to be the most sought out commercial developer in the country. Every venture is of cutting edge design and are proficiently offered on a built-to-suit and ready-to-occupy basis. Raheja constantly adapts reinforced frameworks that have proven to be a catalyst for their successful ventures in relentless development in the commercial sector.

Commercial office spaces in Gurgaon from Raheja Developers have been turning many heads, as they are located in the prime commercial, business, and IT localities. Utilizing an innovative approach and positive vision for the future, we constantly strive to expand businesses, coupling a sense of innovation by providing integrated and astounding furnished office spaces in Gurgaon. This has helped to add ever increasing advancements, to effectively cater the specific needs of the clients from all over the world.

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Rera States Developers and Buyers Pay Same 10% Interest on Any Delays

Real Estate Regulatory Authority (RERA) declares that buyers of any delayed projects will get interest on the invested amount for the delay period as against 5 to 10 per square feet decided as per sales agreement, as mentioned by the chairman of Madhya Pradesh RERA Anthony de Sa. The current prescribed rate of RERA is 10%.

Anthony de Sa also said that, that only when the developers are ready to pay the buyer interest at the authority’s prescribed rate will their ongoing projects be registered with RERA. The prescribed rate is 2 percentage points above SBI’s MCLR (marginal cost of fund based lending rate) and not like the earlier contractual rates of 5 to 10 per sq ft which was accepted by the builders to pay when the sales agreement was signed. At present, as the SBI’s MCLR is 8% the developers will have to pay 10% interest on the amount paid by the buyers.

Dilbag Singh Sihag, a member of RERA Haryana committee and chief town planner of Haryana government, who is entrusted with the responsibility of finalising the RERA Rules for the state, mentions that for justice there has to be same interest rates to be paid by developers as they are charging the buyers for any delay in payments on outstanding dues and developers in Gurgaon are striving to come to terms with these rules.  So, like the 10% interest has been fixed for the developers, similarly the buyers will also be paying only 10% on delayed payments of their dues and not the penal rates of 12% to 18% as per the sales agreement.

Developers normally charge a high rate of 12% to 18% while they are paying only Rs 5 per sqft to Rs 10 per sqft on a project which costs 4,000 to 5,000 sqft. Sihag says this mismatch will be resolved only when both developers and buyers will pay the RERA prescribed rates on any delay. He, also added that no final view has been taken so far.

Chief Secretary of housing urban development, Punjab, Vini Mahajan, who is also appointed as the interim regulatory authority under RERA, says that existing buyers will get relief under RERA, clarifying that the authority is bound by the act and rules while taking the decision. So, it will only enforce the contract signed between buyers and developers with regards to RERA rules and cannot go beyond the act.

Regulators also stated that wile registering ongoing projects, developers can set their own deadline for completion of their projects, but it has to be a reasonable one. Anthony de Sa said that, say if a project was launched some eight years back and the developers returns for its registration asking for another four years for finishing it, such things cannot be granted. There is no rule book for fixing the deadline, which depends on the existing condition and stage of implementation of the project. But, once the deadline is fixed and developer fails to meet it, the regulator will take a very harsh view – he will either have to return the money back to the buyers with its interest or face dire consequences, including even a jail term, says Sihag.

RERA also assures that it will facilitate the completion of projects in time, so that all buyers are satisfied and only if the developers fail to achieve this goal, there will be stern actions taken by the regulators, which shows that apartments in Gurgaon are definitely a fair deal when one thinks of investments.

 

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Reasonable and Ideal Luxury Apartments in Delhi / NCR

Purchasing of ready to move in apartments in Gurgaon, is booming because of strong and steadily growing economy of India. Advantage of buying a ready to move in apartment is the elimination of risks associated with project execution. It’s best for people who are currently living on a rented premise.

builders in Gurgaon

Another factor which is seen as a huge benefits:

  • Security
  • Electricity Backup
  • Shopping Complexes
  • Nursing Homes
  • Creche
  • 24*7 water supply

 

Purchasing a home, getting it completed as per your requirement and moving, is an exhaustive process which involves

  1. Property inspection
  2. Locality research
  3. Research for best interiors
  4. Flat finishing etc.

real estate gurgaon

Availability of affordable homes in many parts of Delhi/NCR is one of the various drivers of the recent shift from paying rentals to paying equated monthly installments (EMI’s).Real estate developers in Delhi/NCR have taken the benefit by comparing different regions across India and used the variables in their favor. Following factors include:

  • Connectivity
  • Amenities
  • Higher price rates in other regions

 

Real estate developers now are emphasing more on reliability than popularity as buyers want transparent and trustworthy service in the present day.

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