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Buyers Have Nothing To Fear, Rera Protects All : Move Into Premium Golfing Lifestyle Now!
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There is a serious reason to be happy for every home buyers, with all 92 Sections of the Real Estate (Regulation & Development) Act, 2016, coming into effect. The Act ushers in the much-desired accountability, transparency and efficiency in the sector, defining the rights and obligations of both the buyers and developers.
States that have notified the rules include Andhra Pradesh, Bihar, Gujarat, Maharashtra, Madhya Pradesh, Odisha, and Uttar Pradesh. UTs where the rules have been notified by central ministries include Andaman and Nicobar Islands, Chandigarh, Dadra and Nagar Haveli, Daman and Diu, Delhi and Lakshadweep. Also, under the provisions of the law, all existing projects must be registered with the state's regulatory authority by July. This means new project cannot be launched without registration. Hence, no new projects can be launched in states where a real estate authority has not been appointed.
While the Government and the Urban Development Ministry have been pressing states to stick to the deadline, some states have failed to comply. However, buyers in such states will be protected under the clauses of the Central law. Alternatively, the buyer will also have the option to approach courts against these states. States which reportedly diluted norms while notifying the law will also have to make amend.
Citing industry data, a Press Trust of India report says that about 2,349 to 4,488 real estate projects have been launched every year between 2011 and 2015. This makes for a total of 17,526 projects, with investments of Rs 13.70 lakh crore in 27 cities, including 15 state capitals. While the new law would whet the buyers hunger for real estate, new launch numbers might substantially come down in the short-term, says industry experts. With the real estate law coming into force, new launches may witness a drop in the short term as developers may wait to see how the new norms turn out.
According to current estimates, there are 76,000 active players in the sector while about 10 lakh consumers invest in real estate every year. As the law would mandate developers to register their projects with the authority in their respective states and strictly following the norms, the number of active developers is likely to come down substantially. The number of investors, on the other hand, is likely to rise.
There has hardly been any upwards movement as far as property prices are concerned. In the quarter ending March, property prices remained range-bound in all cities, excluding Hyderabad. According to experts, prices are not likely to move up any time soon. Hence this seems to be the best time to move into your own dream house. One of the best options post GST is to possess your dream home in Greater Noida where our suggestion is the Hemisphere due to its multiple advantages.
The Hemisphere is poised to add premium sheen to it with its golf themed living splendor. We are proud to present to you The Hemisphere, fine luxury villa living, spread over a 100 acre site. Nestled in the City Centre of Greater Noida, The Hemisphere boasts of an advantageous location. The private residences of this exclusive community encircle a 9-hole golf course and other equally lavish lifestyle features.
Inspired by the very best from the world, The Hemisphere Golf Villas provide a million ways to experience the luxury living. These worlds’ finest luxury villas are the perfect amalgamation of sheer luxury & suburban lifestyle and have the multiple luxury clubs, a full- fledged sports complex, a wellness centre, banquet halls, orchards, hi tech cloud based security and more. These exquisite villas are meticulously crafted hence define elegance & class and offer all the residents the taste of luxury villa living.
A life well lived needs to be elevated to an exquisite living style. Where your passions flow and immerse in the playground of life. Each action enhanced to a 360 o vision. Of a life of living luxury with every amenity & facility conceivable at hand. Yet tightly embraced in greens. A placid certitude of sustainable living ensuring peace of mind-always!
Your search leads to Greater Noida villas. Where connectivity reaches out to bring the Capital and NCR closer. Greens bloom and Pollution stays away. A planned sub city of ample spaces that allows a life you choose. And then settle yourself in a luxury villa in Greater NOIDA.
Nestling here, at THE HEMISPHERE, choose a life embedded in haute living even as you ensconce yourself in the greens. Amongst all the villas in Greater NOIDA, it’s centrally located and well connected to offices, children’s education, dining, partying holes & entertainment hubs of Delhi-NCR by the Metro, Road and Air. The 100 acres golf residence villas project property offers a 9-hole golf course in its span. Amidst expanses of greenery. And an embedded green construction that allows you to revel & celebrate a sustainable life. All that you can think of in terms of facilities are at a short distance in this golf residence villas. And also something you wish – crème de la crème community – wedded to a golfing high-living!
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