Assetz Codename Altitude RERA

Assetz Codename Altitude is RERA approved and the number is PR/130625/007828. The Real Estate (Regulation and Development) Act, referred as RERA, was introduced in 2016 to bring transparency, accountability, and fairness to the Indian real estate sector.

The act has played a great role in protecting the interests of homebuyers and ensuring timely project delivery. For projects like Assetz Codename Altitude, located in the prime residential belt of Kanakapura Road, Bangalore, RERA registration is a mark of legal compliance and customer-centric development.

RERA is a regulatory act implemented by the Government of India to standardize real estate transactions and practices across the country. It requires all residential and commercial real estate projects above a certain size to register with the respective state RERA authority before they can be marketed or sold.

In Karnataka, the Karnataka RERA (KRERA) oversees the implementation of this law, ensuring that developers adhere to approved plans, meet promised timelines, and maintain transparency in all dealings.

Why RERA Matters

Prior to RERA, many buyers faced issues like delayed possession, deviations from approved plans, unclear pricing, and lack of information. With the implementation of RERA, several key protections have been introduced:

• Mandatory registration of projects and agents
• Disclosure of all project details including timelines and approvals
• Penalties for delayed possession
• Standardization of sale agreements
• Regulated advance payment (not exceeding 10% without agreement)

These measures collectively safeguard the interests of homebuyers and improve trust in real estate transactions.

RERA and Assetz Codename Altitude

Assetz Codename Altitude, a premium residential development on Kanakapura Road, is a RERA approved project with the registration number PR/130625/007828. This approval confirms that the project complies with the legal and regulatory framework set by the authority.

The RERA registration ensures:

• The layout, design, and amenities mentioned in the brochure and website are as approved by KRERA.
• Construction timelines and handover schedules are clearly defined.
• All payments made toward the property are tracked, and at least 70% of collected funds are used only for construction purposes.
• Any updates or changes in the project status are made available on the official KRERA portal for public access.

For buyers evaluating a home at Assetz Codename Altitude, this transparency provides added confidence and security.

Benefits of Buying a RERA Registered Property in Bangalore

Bangalore’s real estate market has seen significant growth over the years. With increasing demand in localities like Kanakapura Road, buyers are more inclined toward RERA-approved projects due to the assurance they offer. Some key benefits include:

• Credibility of the developer
• Reduced legal risks
• Timely possession and quality assurance
• Regulated financial dealings

Given that Assetz Property Group has a strong track record in Bangalore’s residential sector, the added layer of RERA compliance further reinforces the trust buyers place in this project.

The inclusion of RERA approval (PR/130625/007828) in projects like Assetz Codename Altitude ensures that all aspects of the development—right from planning to possession—adhere to strict regulatory guidelines. In a competitive real estate market such as Bangalore, RERA registration is more than just a requirement; it is a symbol of reliability, commitment, and professionalism.

For those considering a new home or investment on Kanakapura Road, choosing a project that is RERA registered brings peace of mind and long-term value.