Several myths are associated with the project delays, complications related to documentation, and other discrepancies. However, most of the investors are not familiar that RERA approved projects are easier to execute. Unlike the traditional property or land possession procedures, the RERA approved projects are bound to the transparent completion without any mismatch. The home buyers or investors are likely to face some common problems while closing the deal. Whether it is related to buying the plot, seeking assistance in project management & execution or the overall signing of an agreement between the seller & investor, seeking the assistance of RERA consultants in India will be the right decision.
Over the past few years, RERA consultants have imparted their knowledge base to the investors and also helped them in proceeding with error-free documentation and assuring the land due diligence. Let’s take a look at the common issues that RERA consultants address when investors or home buyers count on these urban planners:
- Poor construction approach
This is one of the common problems faced by investors when they choose unregistered projects. From the usage of inferior quality materials, leakage, and faulty structural management to poor project management, multiple challenges can arise when the RERA approved projects are not chosen.
Role of RERA consultants: After the legal due diligence is conducted by the RERA consultants in India, the project has to comply with the guidelines related to construction and other real estate matters. Apart from this, the prevention from fraudulent activities is among the other perks of RERA consultation & project registration. Hence, if any activity such as poor quality of materials, inferior construction or RERA compliance terms are violated, penalties or legal action can be taken against the real estate developer or builder.
- Unregistered projects and their consequences
This issue leads to legal disputes and legal recourse for buyers. Hence, it is not advisable to invest in unregistered and if you unknowingly choose such a project, then, connecting with the RERA consultants should be prioritized.
Role of RERA consultants: From filing, detailed documentation, compliance verification, and checking the precision of documents being submitted comprehensive assistance is offered to the investors by RERA consultants. This step is aimed at ensuring a secured investment without letting the real estate developers overlook legal compliance terms.
- Project execution delays
In the traditional land procurement and project execution methodology, seeking approval was a lengthy process. Hence, this was one of the major issues that caused delays in the project execution.
Role of RERA consultants: The top RERA consultants in India impart guidance to the investors regarding project completion compliance. Besides, these experts play a vital role in helping the home buyers or investors attain RERA approval, so that, project registration and operation processes are timely executed.
- Lack of transparency
When the buyers invest in the non-RERA-approved project, the lack of transparency is often the issue faced by them. Be it the management or timeline mismatch, the credibility factor is often missing in the case of unregistered projects.
Role of RERA consultants: When the legal due diligence, RERA approval, and other documentation processes are completed, the buyers can be assured of transparency. In the event of a violation of legal guidelines ruled out by RERA, the real estate developer can be penalized. Hence, the RERA consultants ensure security to the buyers or investors about the No-hidden clause or faulty project management.
- Unauthorized ownership transfer
When the project verification is skipped or clear titles are not checked, the consequences of unauthorized ownership transfer have to be faced by the investor. From the legal dispute, invalidation of the transfer, and potential criminal charges to the similar declaration & possession suits, several issues may be witnessed as a result of unauthorized ownership.
Role of RERA consultants: Comprehensive legal due diligence, obtaining NOC, project management, township planning, and property ownership verification are among the major aspects addressed by the RERA consultants. These provisions of RERA consultation and assistance ensure risk-free and secured investment & project management to the buyers.
Benefits of investing in RERA approved projects.
Risk mitigation, enhanced credibility, and effective dispute resolution are among some of the benefits of investing in RERA approved projects. Needless to say, the selection of reliable and renowned RERA consultants in India is a must to avail the benefits of legal compliance for real estate project completion. Furthermore, the RERA consultants troubleshoot all the issues that can lead to project completion delay, legal conflict, or inconvenience to the client throughout the project completion.
Simplify legal due diligence simplified with V3 infrasol – RERA Consultants in India
If you are not sure how to proceed with the legal due diligence or want assistance in acquiring RERA approved project, then, choose V3 Infrasol. We are a team of experienced and highly qualified RERA consultants in India who conduct comprehensive due diligence to remove all the red flags interrupting the investor’s journey. From ownership verification, the inspection of the land, and ensuring legal compliance to maintaining safety in real estate transactions, we make the legal due diligence, simplified.
