Sobha Neopolis RERA

The RERA is an act that strives to protect the interests of purchasers and developers like Sobha Limited. It is for consumers and sellers as restrictions apply to housing and commercial buildings.

The RERA for Sobha Neopolis is a superior approval got on September 2023 for all the 5 phases of the project which means that the property is safe in all ways to buy.

• Phase 1 - PRM/KA/RERA/1251/446/PR/200923/006269
• Phase 2 - PRM/KA/RERA/1251/446/PR/200923/006270
• Phase 3 - PRM/KA/RERA/1251/446/PR/220923/006282
• Phase 4 - PRM/KA/RERA/1251/446/PR/220923/006283
• Phase 5 - PRM/KA/RERA/1251/446/PR/200923/006271

RERA provides the buyer with transparency regarding the property and transactions between developers and buyers. Builders will follow all the laws laid down under the Act, failing which buyers are given the right to raise a complaint against them.

Buyers can pretty well trust and invest in this RERA-approved project.

Sobha Neopolis is an absolute RERA-approved project, as it has the RERA numbers for all its phases. The project is over 25 acres, with 1875 units over 19 towers, and each tower has 18 floors. All these phases have received approval with their respective number. So, if buyers buy this property, they will be ensured the utmost quality, dedicated timelines, and legal property. The launch of this project is in 2023, and the possession is by the end of 2027.

Benefits of Sobha Neopolis RERA

• A standard formula is used to calculate the carpet area of flats. So, promoters are prevented from quoting carpet areas to increase prices.
• Initial payment will not exceed 10% of the project’s cost.
• Buyers have the right to know all the information, including the layout and completion status of the project.
• Within 5 years of possession of the property, if any problems exist, the builder will rectify the problems in 30 days at their cost.
• After the plans, builders will not make changes without the buyer’s consent.
• If there is a change in the project in terms of what was promised, the buyer can refuse to buy the property and get a refund of the advance amount.
• If the buyer discovers a defect in the title at the time of possession, the buyer can get compensation.

The RERA Act made developers ensure correctness in the details provided to the buyer. Buyers had to face the difficulty of not obtaining the project at the time pledged by builders, which is no longer allowed. Since the launch of RERA, malpractices have decreased fully.

Why is it important to get RERA

There are a lot of benefits for the buyer and the promoter, and these are

• Builders are not allowed to use inflated carpet areas to increase rates.
• The buyer should be given a refund of the deposit if there is a difference between what they promised and what was delivered.
• The interest paid to the buyer was low if the promoter delayed possession.
• If there are any issues, the buyer may file a complaint.
• The buyer is allowed to complete disclosure of all information.

Sobha Neopolis is under construction by the real estate giant Sobha Developers. The builder follows the best policies and materials to offer an excellent living experience with safety and luxury.

If you want clarification about the RERA numbers of Sobha Neopolis, you can check on the official site and get in touch with the team. Overall, the project is the best one to invest your money and buy your dream home.