What is RERA and why is RERA important?

Mumbai, the city of dreams, is a melting pot of ambition and aspiration. Homeownership remains a cornerstone of financial security and a symbol of success for many Mumbaikars. However, navigating the real estate market in this dynamic metropolis can be daunting, especially for first-time buyers.
Here at Right Channel Constructions, we understand the challenges you face. We are committed to building not just houses, but homes, and to fostering trust and transparency throughout the buying process. A crucial factor in achieving this is the Real Estate (Regulation and Development) Act, or RERA.

What is RERA?

Enacted in 2016, RERA is a game-changer for the Indian real estate sector. It establishes a regulatory framework to protect the interests of homebuyers and promote a more accountable and transparent industry. Here in Maharashtra, the MahaRERA authority oversees the implementation of the Act.

Why is RERA Important for You, the Homebuyer?

RERA empowers you with several key benefits:

• 1. Enhanced Transparency: Developers are obligated to register their projects with MahaRERA and disclose crucial project details online, including carpet area, amenities, approvals, and completion timelines. This information empowers you to make informed decisions based on facts, not just marketing promises.
• 2. Protection from Delays: Timely project completion is a major concern for many buyers. RERA imposes strict penalties on developers for delays, ensuring you get possession of your property within a reasonable timeframe.
• 3. Fair Dispute Resolution: Disagreements between buyers and developers are inevitable. RERA establishes fast-track dispute resolution mechanisms, saving you time and money compared to traditional litigation processes.
• 4. Escrow Account Security: Your hard-earned money goes a long way. RERA mandates developers to deposit a significant portion of the collected funds into an escrow account. These funds can only be withdrawn for project development, safeguarding your investment.

Right Channel Constructions: Embracing RERA for a Better Tomorrow

At Right Channel Constructions, we view RERA not just as a regulatory requirement, but as a cornerstone of our commitment to ethical and responsible business practices. We actively participate in RERA workshops and training programs to ensure our team remains updated on the latest regulations.

Transparency at Every Step

We believe in providing complete transparency throughout the buying journey. Our project information, including MahaRERA registration numbers, floor plans, and construction updates, are readily available on our website & social media and are shared openly with all interested buyers. We encourage open communication and address any questions or concerns promptly.

A Focus on Timely Completion

We understand the importance of timely possession of your property. We meticulously plan every project with realistic timelines and deploy robust project management systems to ensure adherence to those schedules. Our track record of on-time completion speaks for itself, giving you peace of mind and allowing you to focus on planning your future in your new home.

Building Trust Through Quality

At Right Channel Constructions, we are committed to delivering high-quality construction that surpasses industry standards. We use the finest materials and employ skilled professionals to ensure your home is built to last. We back this commitment with a comprehensive warranty, providing you with the security and confidence you deserve.

Why Choose Right Channel Constructions for Your Dream Home in Malad?

Malad, a vibrant and well-connected neighborhood in Mumbai, offers a unique blend of affordability, convenience, and community. Here at Right Channel Constructions, we are proud to be a leading developer of affordable residential properties in Malad.
Our projects are strategically located, offering easy access to essential services, educational institutions, and recreational facilities. We focus on creating well-designed, functional living spaces that cater to the needs of modern families.

Beyond Bricks and Mortar: Building a Community

We believe in building not just homes, but a sense of community. Our projects foster a sense of belonging through well-designed common areas, amenities that encourage interaction, and a commitment to fostering a positive and inclusive environment for our residents.

Investing in Your Future with Right Channel Constructions

At Right Channel Constructions, we are here to help you navigate the Mumbai property market with confidence. With RERA as a guiding framework and our unwavering commitment to transparency, quality, and timely delivery, we are confident that we can be your partner in realizing your dream of homeownership in Malad.
Get in touch with our team today to learn more about our ongoing projects and how we can help you find your perfect home in Mumbai.
Remember: With RERA in place, buying a property in Mumbai doesn’t have to be a gamble. Choose a developer with a proven track record of ethical practices and a commitment to building trust, like Right Channel Constructions. Together, let’s build a brighter future for you and your family