The RERA approval for Prestige Serenity Shores was obtained in August 2023. The project by the Prestige Group is in Gunjur, Varthur Hobli of Whitefield. It is a vast enclave that has 657 apartments of different layouts. The enclave is located on 12 acres of land in the upcoming area of the east zone.
The year 2016 saw the adoption of the Real Estate (Regulation and Development) Act. The Real Estate Regulatory Authority was then set up. It is a part of the steps by the government to help in making the real estate sector more transparent. RERA is now enforced in all the states in the country.
RERA is the platform that helps buyers and builders to work together. It has lowered the risks that come with buying real estate. Now, all the details of a project are available for buyers to see. The implementation of RERA has been a turning point in the industry. It gives buyers access to all relevant and important documents as well.
It is a stress-free process to buy a home in a RERA-approved project like Prestige Serenity Shores. If a builder has the approval, they must ensure on-time delivery. If they do not, they will have to pay damages or interest. This gives buyers, especially first-timers, a lot of peace of mind. The step strengthens and defends the rights of homebuyers.
Every real estate project that comes up in the state of Karnataka has to be approved by RERA. This holds true for all properties, residential as well as commercial. The Prestige Group always makes sure that legal approvals are obtained for every project it develops. The builder ensures that its projects are in keeping with the laws of the land.
The acknowledgment number of the application for Prestige Serenity Shores is ACK/KA/RERA/1251/446/PR/270723/007324. The enclave has now got the approval from the Authority. The project has been issued the RERA registration number PRM/KA/RERA/1251/446/PR/220823/006192. The plan for the enclave has been approved on July 15, 2023.
The best minds in the industry are involved in the project. It has been designed by the well-known architects, RSP Design Consultants (India). The experienced company Larsen and Toubro Limited will build the enclave for the Class A builder, the Prestige Group. Construction on the project will begin on November 1, 2023. It will be completed on August 31, 2027.
In the upcoming eastern part of the city, the modern enclave is designed to be the best space for people to live. There are apartments in many layouts, 1, 2, 3, and 4-BHK on a large piece of land. The RERA-approved Prestige Serenity Shores project has been laid out to have the most luxurious living conditions.
Investors in real estate are excited about the apartment project that is coming up at Gunjur. The legality of the enclave has been confirmed thanks to its RERA clearance. Interest has also gone up because of the strong name of the builder. Buyers in the city have great faith in the group and are awaiting the project.
The builder is also known for sticking to its schedule and completing its projects on time. Construction on this RERA-approved project is also on track to begin on time. Work will progress fast once it starts. Buyers in the project can rest easy that their homes are developed by the most trustworthy name in the industry.
Yes, the project of apartments has been given an approval by RERA in August 2023.
The project has the registration number PRM/KA/RERA/1251/446/PR/220823/006192. It is in East Bengaluru's Gunjur Village, in the Whitefield area.
Application for RERA approval was made in July 2023. The acknowledgment number of the project is ACK/KA/RERA/1251/446/PR/270723/007324.
The date for the project to begin is November 1, 2023. The completion date of the enclave is August 31, 2027.