Lansum Elena Rera

The Real Estate (Regulation and Development) Act, called RERA, is a set of rules made by the Government of India to manage the real estate industry. Its goal is to make sure that the real estate market is fair and clear. It mandates projects to be registered, protecting homebuyers and setting up ways to solve problems.

The Lansum Elena project has been officially approved by the Telangana RERA Board and is properly registered with RERA. The RERA registered number for phase 1 is P02400007478.

Highlights of Lansum Elena

RERA gives buyers clear information about properties and deals between developers and buyers. Builders must follow all the rules of the Act, and if they don't, buyers can file complaints against them. Lansen Elena RERA helps make transactions clear between builders and buyers.

ADVANTAGES OF LANSUM ELENA RERA

• A set formula is used to figure out the carpet area of flats. This stops developers from using carpet areas to raise prices.
• Buyers have the right to be informed about all aspects of the project, including its layout and current status of completion.
• The first payment will not be more than 10% of the total project cost.
• If there are any issues with the property within 5 years of receiving it, the builder will fix them within 30 days at no extra cost to the buyer.
• Once the plans are finalized, builders cannot change anything without the buyer's agreement.
• If the buyer finds a mistake in the property's ownership when they get it, they can receive compensation.
• If the project changes from what was promised, the buyer can say no to buy the property and get their advance money back.

Under RERA rules, Lansum Elena promises to be completely transparent with its buyers. It includes sharing important details like site plans, area measurements, and floor plans with potential customers. Once registered with RERA, the project must deal with any issues related to delays, pricing, property ownership, and construction quality. If there's a gap between what was promised the buyers can get their full deposit back.

The project offers top-notch facilities and is worth investing in. The project was launched in December 2023 and is currently under construction. Developing in Kokapet, the project will be delivered in December 2028.