Benefits of RERA are many. Owning a home is every person’s dream. Real Estate Regulations Act (RERA) introduced in 2016 is meant to safeguard that dream of every Indian.
Real estate is an investment of a lifetime and not everybody can afford a home for themselves in the metros, tier I and tier II cities like Guwahati in Assam. To add to the misery, every developer / builder earlier had his own norms and standards. They followed different practices and structured the builder-buyer agreement in a manner that favoured the builders. The common buyer had very limited rights.
Real Estate Regulation Authority (RERA) was instituted to protect and safeguard the rights of the common man who invests his lifelong savings in buying a home. RERA specifies certain norms for building and development of real estate, which will enhance the transparency in transactions in the real estate sector. Benefits of RERA include several rights to the home buyers and has also specified certain rules and regulations to be followed by all builders/ developers. It also specifies the creation of an Appellate Tribunal for each state to understand and tackle complaints by home buyers.
10 Major Benefits of RERA Act
Here are the 10 major benefits of RERA act for the common home buyers:
Standardized Carpet Area:
Earlier, the carpet area on which the builder calculated the price of the property was not defined. Every builder/developer had his own method of calculation of the Carpet Area. Now, the method of calculation is defined and standardized by the RERA Act and the same formula has to be used by all builders and developers.
The definition of carpet area as given by the law is:
Carpet area means the net usable floor area of an apartment, excluding the area covered by the external walls, areas under services shafts, exclusive balcony or verandah area and exclusive open terrace area, but includes the area covered by the internal partition walls of the apartment.
This definition is a direct benefit of RERA and has an impact on the Real Estate prices, as most developers charge on the basis of carpet area. Builders compute the price of a property by multiplying the carpet area by the rate per square feet.
Rate of interest on default:
In case of default in payment by the buyer or default in completion of the project by the builder, the rate of interest to be paid shall be the same for both parties. Earlier, the interest burden on the home buyer was higher than the interest that the builder agrees to pay in case of construction delays. There was no parity in the interest to be paid by both the parties. The RERA Act has now clearly specified that the interest rate shall be the same for both the parties.
Lesser risk of builder going bankrupt
A developer usually has several projects, which are being constructed simultaneously. Earlier builders were free to divert the funds raised from Project A to fund the construction of Project B. Now, this would not be possible after the introduction of RERA. The builder is liable to deposit 70% of the amount realized in for the project in a separate bank account. He can withdraw from such account only on the basis of completion of project, which shall be certified by a civil engineer, architect and a chartered accountant in practice.
RERA will ensure that the builders use funds collected for a project, for the same project and this will reduce their chance of getting bankrupt. It will also ensure timely completion of the property as the funds are being used in the right project.
Advance Payment:
The builder can take not more than 10% of the cost of the flat, apartment or villa as advance or application fees as the case may be, before entering into an agreement of sale.
Buyer Rights as Benefits of RERA
The home buyer enjoys various rights under this act. They are detailed in the following paragraphs explaining the benefits of RERA.
Right of the buyer in case of false promises:
In case there is a mismatch in the commitments made by the builder and the actual project, the buyer has the option to withdraw from the project, wherein he is entitled to full refund of the amount paid as advance or otherwise along with interest and claim compensation.
Right of the buyer in case of Defect after possession:
The builder shall rectify any defect free of any charge if the defect is discovered within 5 years. The defect can be a structural defect or any defect in workmanship, quality, provision, or service. The builder will rectify all such defects at no extra cost within 30 days. If the builder fails to do so, the buyer shall be entitled to claim compensation for the same.
Rights of the buyer in case of delay in possession:
If the builder fails to complete the project on the due date of completion, then the buyer has two options:
To withdraw from the project, wherein he shall be entitled to full refund along with interest payable from the due date of completion till the amount is refunded.
To continue with the project till the completion, wherein he will be entitled to compensation along with interest payable from the due date of completion of project till the project is actually completed.
Rights of the buyer in case of defect in Title:
Even after taking possession of the property, the Rights of the buyer are protected. If the buyer finds a defect in the title of property, then he or she can claim compensation from the builder. There is no time limit within which the buyer have to report the defect.
Right to information:
The buyer is entitled to all the information related to the project. The right to information clause gives him that privilege. He can ask details about the plan layout, execution plan, stage wise completion status etc.
Appellate Authority for Grievance Redressal:
The home buyer can take the builder to the state authority set up under RERA for any grievances. It has the power to redress all grievances. The buyer can file an appeal with the Appellate Tribunal if he is dissatisfied with the order. The tribunal will redress your case within 60 days, or shall record the reasons of such failure.
If the builder wants to appeal against any order, he shall have to deposit to the Appellate Tribunal against the order of the Authority, then he shall have to deposit at least 30% of the penalty, or such higher percentage as may be determined by the Appellate Tribunal. He may also need to pay the total amount to be paid to the home buyer including interest and compensation imposed on him, if any, or with both, as the case may be, before the said appeal is heard.
It’s that time of year again where fun, food & festivities take over in the family home. The much-awaited festival of light Diwali is here! This festival is all about colours, lights, diyas and crackers, in order to celebrate the victory of happiness, prosperity and goodness.
Although, bursting firecrackers is increasingly becoming unpopular as it creates environmental, noise and air pollution; yet it would be presumptuous to assume that you would not light a fire cracker. Bursting fire crackers is something everyone including children and adults enjoy. So lets take a moment to know how you and your loved ones can celebrate the festival safely, without injury or accidents.
Protech Group advises these simple safety guidelines and precautions to make this Diwali a memorable and special occasion for yourself and your family.
Clothes and Shoes
The primary danger during Diwali festival is from a fire. We strictly advise you to wear close fitting 100% cotton clothes while bursting crackers or lighting other fire items. You must not wear synthetic clothes since they easily catch fire, and get stuck to your skin.
Secondly, we must always wear fully covered shoes while lighting fireworks, or even when you are in the fireworks area watching others light crackers.
Open area for Fireworks
Most often than not, we celebrate Diwali with a large group of close family and friends. So it is important we choose a wide open space outside our homes. We must clean the area free from trash, debris and other flammable material.
It is during this time that we decorate and our houses with candles and diyas. So we must ensure that the candles are away from curtains or other inflammable items at home.
Fire Extinguisher
We should always invest in a fire extinguisher to be kept in the close proximity of the fireworks area. We should keep a bucket of sand or water in a corner to dispose off the spent fireworks. It is better to keep the emergency number of the fire brigade and the nearby hospital in case of any fire emergency. In the case of a simple burn, immediately wash the area with tap water. Seek medical attention if it is a serious burn.
Noise & Air Pollution
The major concerns about Diwali arise from noise and air pollution that hampers our health. People suffering from respiratory illnesses such as asthma, bronchitis are greatly affected by the toxic chemical smoke released by the fireworks. People with respiratory problems should stay indoors and wear protective masks while venturing out. The dust and chemicals from fireworks can irritate the eyes. In case of any burning sensation in the eyes, we must wash the eyes thoroughly with lots of water.
Increasing environmental noise with loud bursting sounds can damage the ear drum and cause hearing impairment. It may cause a hike in blood pressure and may affect the sick and the elderly. Use ear plugs if the noise is too loud, or opt for low noise fireworks like sparklers and flowerpots.
For pet lovers, we must note that pets find it unbearable to tolerate so much bursting noise. They get scared and uncomfortable with bursting sound.
Cracker Safety Tips
If at all we have to buy crackers, we must buy quality crackers. Quality crackers have a lesser risk of mis-firing accidents. We should light one cracker at a time and after lighting it, we shouldn’t become over confident and try to show off by staying close to the lighted cracker.
A very important safety tip is to ensure that children play with crackers under adult supervision. We must instruct our kids about the usage of firecrackers and the proper ways of disposing them. Never should we allow any minor to play with crackers alone.
We should always keep a first aid kit handy with burn creams like Burnol and Silverex. In case of minor burns or injuries, we can get immediate medical attention.
Spread Awareness
The motto is that we should all be aware and be careful. It is important to spread the safety tips amongst all the people around the society. It is even better if we can collectively opt for a cracker free Diwali. Even if we can’t raise a consensus for a cracker free Diwali, we must be sensitive and avoid bursting crackers near hospitals, old age homes and crowded public places. We must always remember that our celebration should not be a reason of discomfort to the others.
Diwali is a festival of happiness and we need to keep it happy for ourselves and our neighbours. Fire crackers are not a plaything and you should not use them on someone just for fun. We should follow these precautions in order to celebrate a peaceful and pleasant Diwali not only this year, but for every year.
If you are, we think that Protech Galaxy is a good option to consider.
Purchasing a home is a big step. It’s not a purely financial decision; it’s also an emotional one. So it makes sense to be nervous to make such a large purchase. Apart from a sense of accomplishment, purchasing a home of your own is about building equity instead of throwing away money on rent. It also helps in saving a significant amount of your income taxes. Going by the trend in the market, we believe that buying a home is a great investment that is most likely to pay you handsome dividends.
Why Protech Galaxy?
Protech Group has established itself as one of the trusted real estate builders of Guwahati with over 12 projects in a span of a little over 10 years. Across Guwahati, Protech Group has built residential complexes of repute such as Protech Harkanan, Protech Park and Protech Heritage. With every project, Protech Group has learnt and has become better in providing cosy, comfortable and most importantly durable homes that increases in valuation.
Apart from the best in class modern amenities, Protech Group has always delivered flats on or before time. For Protech Galaxy as well, that commitment stands.
Protech Galaxy is the latest residential project of Protech Group located in Bhetapara, Guwahati. The RERA registration number is ARERAKMPPROJ2017-11. It has 138 well ventilated 2 BHK / 3 BHK and 4 BHK flats available in the two separate blocks of G+7 earthquake resistant structure. Here are five reasons why you should consider Protech Galaxy in your flat buying decision making process.
Location
Protech Galaxy is located at a pollution free, completely residential area at Bhetapara, which is just 100 meters away from the NH 37 and 15 minutes from Beltola. It is close to the Hockey stadium, Maharishi Vidya Mandir, Trade Centre and various upcoming shopping destinations. It is because of this close connectivity to the National Highway and the upcoming infrastructure facilities, Protech Galaxy will one day become the new point of reference. That will strengthen its valuation and increase equity for the home owners.
Protech Galaxy is RERA Certified
The Real Estate (Regulation and Development) Act, 2016 is an Act of the Parliament of India which seeks to protect home-buyers interests. It aims to regulate the real estate and act as an adjudicating body for speedy dispute redressal.
Protech Galaxy is certified with RERA under registration number ARERAKMPPROJ2017-11. RERA ensures that your booked flat will be constructed on time or before time. Another major benefit for consumers is that the builders will quote prices based on carpet area, and not on super built-up area.
Design of Protech Galaxy
Protech Galaxy is designed by the experienced architect, Ritwik Hazarika. Care has been taken in thedesign to provide good views and cross ventilation in all the rooms. Common areas are well lit and serviced with high speed lifts. The campus also has a large arrival area with landscape that greets all visitors into the complex. Between the two blocks, there is a children playground cum lawn and swimming pool. The community hall is attached with lawn for community gatherings. The apartments are available in two different square feet ranges – 1000 Sq. Ft. and 1400 Sq. Ft., to suit different budgets.
Pradhan Mantri Awas Yojana (Urban)
Pradhan Mantri Awas Yojana (Urban), in short PMAY is a credit linked insurance scheme of the Govt of India to make housing available at affordable rates. You can avail the benefits of buying homes with low interest rates, even if your parents have their own homes.
To buy a flat in Protech Galaxy, you can avail attractive subsidy under PMAY Urban and save up to Rs. 2.67 lakhs rupees.
Additionally, we have partnered with the top banks of India – SBI, Canara Bank, HDFC Limited and Axis Bank to provide home loan facilities to help you purchase your dream home.
Value for money flats
Protech Galaxy is a newly launched project. Around 50% of the flats are still available to buy. The location is poised for development with upcoming infrastructure projects. The value of the flats is likely to appreciate significantly by the time the flats will be ready for possession.
Protech Group ensures top quality standards and premium brands when it comes to bathroom fittings, electrical fittings and kitchen fittings. The large arrival area, kids swimming pool, cantilever balconies and automated speed lifts make Protech Galaxy a value for money buy. More so, if you book the flat in this festive season.
Contact Protech Galaxy Experts
You may fill up the form in this page (click here) or sms PROTECH to 56070 for our sales experts to call you back. Thank you.
A home in Guwahati is an investment of a lifetime.
Living in Guwahati is a need for many of us. Buying a flat in the same city is a dream come true. Everyone wants to buy a flat that is a life long bliss, for it is an investment of a lifetime. We at Protech Group understands the sentiment and emotion attached to buying Protech Homes in the city of Guwahati.
Protech Group has been a pioneer real estate builder and developer of Guwahati delivering residential project after project before its committed delivery time. We have built 12 residential projects comprising 393 flats in a little over 10 years. We understand that everybody wants an ideal home for themselves.The purpose of any home is to provide the feeling of a cosy nest, which protects us from the extremities; and is durable for a long time to come.
These are the five top of mind benefits that Protech Group ensures in all its residential properties. With every newer project, Protech Group is getting better with experience.
Protech Homes – Windows and Ventilation
Apart from a strong earthquake resistant structure, proper natural light and ventilation is key to a cosy, comfortable, healthy home. We aim to design the architecture and interior walls in such a way that every flat in the residential apartment complex gets maximum possible daylight.
At the same time, it is necessary to have a scientific orientation of the house for proper ventilation and for the wind to flow seamlessly within the flat. Windows are preferred to be aluminium sliding windows for better air conditioning, noise reduction and good minimalistic look.
Inspection of Protech Homes during construction
We have have the best architectural & structural designs, yet we may falter in its implementation if we do not have a professional approach to inspection during construction. Protech Group has a definitive time-tested process that is followed by it’s technical experts to check the entire project from the foundation to its final completion. So, till we hand over the keys to you, we would have done our best to make sure that your home is built with high standards, and is ready for you to move into.
Premium brand of fittings in Protech Homes
Before opting for any property, one should make a checklist of what your builder is using in terms of electrical fittings, bathroom fittings and kitchen fittings. Bathroom fittings are very critical to the lifelong bliss quotient. Bathroom fittings of a good brand is not only elegant and adds to the beauty of the house, but also is durable in terms of no leakage and rusting.
Similarly, a good brand for electrical fittings is equally important, for it directly affects the fire safety of your home. Kitchen, being the heart of the home needs good quality granite countertops, good quality water proof laminates and electrical points at the right place for the fridge and the mixer.
In terms of tiles, are we getting the anti slippery, better water absorption and abrasion, aesthetically more appealing premium tile brand? Protech Group uses the best in class brands in all the above fittings. We don’t compromise on quality.
Exteriors & Open Space:
Quality homes have a great looking landscape, open space and a large arrival area. It is important to have the common area lighting to be efficient and connected to a 24/7 generator set. If possible, it is better to have a separate entry and an exit gate. We have planned separate entry and exit in our upcoming project, Protech Galaxy at Bhetapara.
Quality of lifts in the project also reflects the personality of the project. Protech Group installs branded automatic high speed lifts that we all will be proud of. In terms of exterior walls, they need to have a putty layered finish painted with all-weather emulsion paint for long durability. Using Cantilever technology for balconies with the finesse of vitrified tiles of matching colour gets a modern outlook for the building. On the whole, Protech Group ensures that you get the best bang for the amount of money you are spending on your future home.
A good night’s sleep in a Protech Home
At every Protech property, sophisticated inter-com facilities at entry points with CCTV monitoring provide continuous surveillance of the ground floor, entry & exit points, lifts and staircase areas. Moreover, every Protech property comes equipped with fire alarms, extinguishers, fire fighting devices and a fire fighting water reservoir. Protech homes are therefore safer and more secure, and it guarantees you a good night’s sleep to wake up fresh the next morning to work with renewed vigour.
At Protech Group, we have understood that these five points are always top of mind when it comes to planning for a cosy, durable and comfortable housing facilities. So we give our best to provide these benefits, and we are getting better at it with every new residential project.
Most of us love our kitchens. It is not only about cooking, but also about feeling good about spending time cooking. For the home maker and the food lover, the kitchen is the heart of the house.
The beauty and cleanliness of our house reflects in the cleanliness and the decor of the Kitchen. It reflects on the personality and status of the home-makers.
Here are a few tips that you may consider when you are thinking of renovating or redecorating the kitchen. They sound very simple but most of us make bad choices about simple things. Lets take your kitchen look from tired to inspired.
Focus on the Eye Level
Since we incline to see things at the eye level before really seeing the rest of the room, it will help us to focus on redecorating elements that fall at the eye level. Most noticeable changes you can make in a kitchen involve the wall tiles, fridge magnets and lower cabinets around the stove and hooks. Updating your kitchen wall décor with the theme of the kitchen will make a big visual impact. Hooks are a great way of adding storage and changing the look of your kitchen.
Apt Color
One of the best ways to create the look and feel of any room is by deciding on a theme for the kitchen. It can have a summer theme, or traditional theme. The colour should match and contrast with the theme. We are talking about small changes here. Consider your existing worktop, cabinets, kitchen stools, appliances and other fittings that can be painted, to make sure your new color will compliment them. Don’t be afraid to add small splashes of color too.
Small appliances as decoration tool
Small appliances come in various shapes and colours. A fridge may be too expensive but we can be very creative with smaller appliances like the toaster or the mixer. Even tools like spoon stand, salt and pepper stands, mats etc can act more like jewelry for your kitchen. You can easily move them around or put them away whenever you want.
De-clutter and tidy
You want your new kitchen style to sparkle, and tidying regularly is going to help do just that. Every item in the kitchen should have its own stand and storage space. Keeping your appliances clean is going to vastly improve the room’s overall look. Secondly, no one likes a grimy surface. Using mustard oil for cooking creates more grime. So cleaning regular is a must for a typical Assamese family.
New shelving
Like we said, having a space for each kitchen item gives the kitchen a very professional tidy look. Appropriate shelving helps. A floating shelf or two can really lift a kitchen and bring it in line with modern trends.This type of shelving is not only practical, but it also gives you a chance to show off some cool pieces like statement vases and stunning candles, copper pans and pretty plants.
We have have the best architectural & structural designs, yet we may falter in its implementation if we do not have a professional approach to inspection during construction. Protech Group has a definitive time-tested process that is followed by it’s technical experts to check the entire project from the foundation to its final completion. So, till we hand over the keys to you, we would have done our best to make sure that your home is built with high standards, and is ready for you to move into.