Birla Ojasvi RERA Approval

RERA stands for Real Estate Regulatory Authority. It is an act that 70% of total real estate in the country comes to a single jurisdiction. It is stringent and an act that makes the sector work better. RERA aims to bring transparency to real estate, and choosing such projects is important to avoid any problems in the future. RERA Certified property alone can market and sell the property. Investors or Home buyers can easily buy the property if it is RERA-Approved by the state government. The Builder has to complete all the construction as per the act and given timeline.

Birla Ojasvi RERA Approval Status?

Yes, Birla Ojasvi has been approved by the RERA board in Karnataka state on 4th September 2024. Birla Ojasvi's RERA Number: PRM/KA/RERA/1251/310/PR/040924/006989. The Acknowledgment number is ACK/KA/RERA/1251/310/PR/081223/007659. The project is set to launch on 27th September 2024. All the necessary approvals like BDA, BBMP, and other major banks have been received. The possession date of this project is from Jan 2031.

Birla Ojasvi RERA Approval Key dates:

• Acknowledgment Number: ACK/KA/RERA/1251/310/PR/081223/007659
• Registration Number: PRM/KA/RERA/1251/310/PR/040924/006989
• Promoter Name: Birla Estates Private Limited
• Project Name: Birla Ojasvi
• Status: APPROVED
• District: Bengaluru Urban
• Taluk: Bengaluru South
• RERA Approved Date: 4 Sept 2024
• Proposed Completion Date: 11 Jan 2031
• Proposed Completion Date at the time of registration: 11 Jan 2031

Birla RR Nagar is a stunning upcoming project in RR Nagar in West Bangalore. It has 1 BHK, 2, 3, and 4 BHK flats and Row Houses. The project is developing on 10 acres and has 607 flats over 3 high-rise towers. It also features 8 premium row houses in a single-gated community.

The approval begins with the registration of the project with the authority, and Birla Ojasvi complies with this requirement. By registering the project, the project ensures that all details, including project plans and timelines, are submitted. The approval gives a secure investment option. It gives buyers confidence to invest in this project.

Bira Ojasvi's project status in RR Nagar indicates an exciting beginning for widespread development in the city after the launch. The project has 80 percent of open area and a lot of gardens and parks.

Following RERA rules, the project will provide all details to the buyers. It has all the details, such as net area details, master plans, site plans, and floor plans for buyers. The project is responsible for delays, price, title, and quality concerns. Buyers will have the right to receive a refund of their initial deposit if there are any issues.

Benefits of Birla Ojasvi RERA Buyers can buy Birla Ojasvi at RR Nagar as it is RERA-approved, and they can be sure that they will get

• Legally Authorized: RERA registration under the state government grants builders legal authority to market and sell apartments, plots, and villas under the Rea Act. It empowers the buyers with the right to know every detail of the projects in real estate they wish to invest in.
• Easy to buy: The project is clear and gives all the details to the buyers.
• Register complaints : Buyers can give any complaints; the authority will lay fines if they fail to meet the guidelines.
• Legal Actions : Buyers will get what they are promised; if not, buyers can take legal action against them.
• Timely Delivery : The project will be completed on time. Buyers can complain if they do not get the project in time.
• Interest on Delayed Payment :If the project is not given on promised time, buyers can get interest on delayed payment.

Birla Ojasvi RERA Approval Key dates:

1. Birla Alokya: It is the first residential project of Birla Estate in Bangalore launched in 2019. The RERA was approved on 24-07-2019, and RERA NO: PRM/KA/RERA/1250/304/PR/190724/002725.
2. Birla Tisya: Birla Tisya is a luxury segment project approved by RERA on 22/10/2021. RERA NO: PRM/KA/RERA/1251/309/PR/211022/004371.
3. Birla Trimaya Phase 1: This new project at Devalanahalli was approved by RERA on 30/08/2023, and RERA NO: PRM/KA/RERA/1250/303/PR/300823/006200.
4. Birla Trimaya Phase 2: Received RERA on 04/09/2024 with RERA NO: PRM/KA/RERA/1250/303/PR/300823/006200.

When a project gets approval from RERA, buyers are given all information regarding the carpet area and Super Built-Up Area. The Board established a method for calculating the carpet area. It was different before RERA, as builders did it according to their choice. After getting the approval, the details of the project and the payment plan will be revealed. Buyers can check the official website for the Birla Ojasvi RERA number.

Karnataka RERA Board FAQ 1. What is the difference between RERA registered and RERA approved?

RERA registration ensures the Government legally recognizes the project, and construction and plans are made based on rules set by the state government. RERA-approved properties refer to additional assurances without any dispute or litigation; records are clean and clear with well-maintained quality.

2. How can I check if the property is RERA-approved in Bangalore?

Go to the official website of RERA Karnataka - https://rera.karnataka.gov.in/. On the home page, click the "Project Status" option from the top. Enter the project name that should be verified, select the project name and submit. If the name don’t pop up, it means the project is not yet RERA Approved or waiting for approval.

3. Is it safe to buy an apartment that is not RERA-approved?

No, Buying Apartments not registered or approved under RERA is not advisable. The Buyers may face many disputes, delays in construction, fraud, and legal challenges in the future.

4. Is RERA good or bad?

RERA is one of the best steps taken by the Government for the security of Investors and Home buyers. RERA is Good, which makes the builder follow its rules and regulations and deliver the project to buyers on the promised time by maintaining assured quality. It is always safe to buy an apartment that is RERA-approved only. Builders provide all the information before the launch to RERA.

5. What if RERA approval is not there?

Never buy a property like Apartments, Plots, or Villas from the builder if the RERA is not Approved. It is considered illegal. The builder cannot even promote or sell the apartments without RERA Approval.

6. What if RERA is rejected?

If RERA rejects the project, the builder has to delay the launch of the project and cannot sell or promote his projects. He has to re-apply for RERA with correction and wait for the approval.