Prestige Eaton Park has now applied for RERA approval, currently under Karnataka RERA, and is now waiting for its registration number. The approval is expected by December 2025. After the RERA number is got, all the project details can be checked on the Karnataka RERA website (www.rera.karnataka.gov.in).
RERA stands for the Real Estate Regulations Act. It will help home buyers with safe investments. When a project is RERA-approved, it means it is safe to invest, and it will meet all the rules that are set by the government.
Once Prestige Eaton Park gets its RERA approval, it will show that the project is trustworthy to buy. It will also ensure that the builder has followed all the rules that are set by the government.
Advantages of RERA approval
- Safe Money Allocation: Builders must keep 70% of the total money they collect from every buyer, and it can only be used for this project. It will make sure that buyers' funds are safe and are not allocated for some other project.
- Shield for Buyers: If buyers face any problems with the builder, they can easily file a complaint with RERA. It will give better protection for buyers.
- Clear Information: RERA approved projects will have all the exact details about the project. It will have the layout size, number of parking slots, the quality of materials used, and the total number of units.
- Correct Handover: Builders will hand over the properties to buyers on the given completion date. Else, they must pay a fine, which will ensure the project is finished on time.
- Dispute Resolution: Buyers can raise complaints if there are any issues with quality or if they are offered what they were promised. They can complain to the RERA tribunal for a fair settlement.
- Better Quality: RERA makes sure that buyers will get the best quality homes, as builders have to follow government rules and offer quality homes.
- Builder Liability: Builders must fix if there is any defect in their construction within 5 years of possession.
Why RERA Approval is a must for Buyers
For buyers, RERA is not just a certificate, but it is an added layer of protection. With this legal proof in hand, buyers can make sure that.
- Get fixed timelines — Get clear dates for ownership.
- Legal rights — The Builder must pay a penalty if deadlines are missed. They can also complain in case of any defects in the property.
- Money is protected — 70% of the money will go into a separate project account.
- Safe to invest – Buyers can safely invest with confidence, as they can raise a complaint at any time if there are any issues.
How to Check Prestige Eaton Park RERA Online
After the project gets the approval, everyone can check whether it is approved or not at the ease of their home.
Here are the 3 quick steps to verify on the official website after approval:
- Step 1: Visit the Karnataka RERA website (www.rera.karnataka.gov.in).
- Step 2: Search for “Prestige Eaton Park” project under “Know project status”.
- Step 3: After entering the project name and clicking search, the project details will be displayed at the bottom. Click on it and check the RERA number, date of approval, and all other details.
The main points to explore on the RERA website of the Prestige Eaton Park are
- Promoter Details
- Registered sale agreement
- Bank Details
- Land Details
- Approval Layouts
- Number of units
- Uploaded Documents
- Possession Date
As soon as Prestige Eaton Park gets its approval, the RERA number will be added to this official website. Buyers can check this RERA number on the official Karnataka RERA website. After that, they can make safe investments in this project.
Conclusion
As Prestige Eaton Park will be approved soon by the Karnataka RERA Board, it is a safe project to invest in without any single legal risk. The project will have clear legal titles, which will not have any issues in the future.
Frequently Asked Questions (FAQs):
1. Which RERA Board will approve Prestige Eaton Park?
Karnataka RERA Board (KRERA) will approve the project.
2. What is the official website of the Karnataka RERA to search for the project’s details?
The official website of KRERA is https://rera.karnataka.gov.in.
3. When will Prestige Eaton Park get its RERA approval?
The approval is expected by the end of December 2025.