Prestige Fernvale RERA Approval

Prestige Fernvale RERA Approval is currently pending and will be approved by the Karnataka RERA Board in December 2025. It is in the pre-launch stage, and after approval, it will be launched on 25th Dec, 2025. The other approvals, including BDA, BBMP, and banks, are also pending.

The RERA approvals show that the township is a safe option for investment and cleared all legal scrutiny. The RERA website contains all the information related to the project, including:

• The builder details
• RERA registration and acknowledgement numbers
• Project's master plan
• Floor plan
• Address along with direction, schedules, district and serial number of the plot
• Construction timeline
• Engineer, architect, CA, and other details

Townships must register themselves under RERA, and for more details, buyers can check https://rera.karnataka.gov.in/..

Prestige Fernvale, phase 6 of The Prestige City, Bangalore, is a grand apartment project. It is set on 3 acres and is home to 340 apartments of 2 and 3 BHK sizes. The details related to the venture will be uploaded on the RERA website along with reg and ack numbers.

What is RERA?

RERA (Real Estate Regulatory Authority) is a government group in India started under a law from 2016. Its main goal is to make the property market more open, honest, and organised. It manages how properties are sold and built while keeping the rights of homebuyers safe.

Additionally, RERA provides a way to solve problems or arguments quickly. It makes buying property safer and more trustworthy for everyone.

There are many benefits of RERA approval to both buyers and builders:

Making "Carpet Area" the Same for Everyone: Before RERA, builders used many different ways to calculate prices, which was very confusing. Now, there is one fixed and clear rule for measuring the carpet area. This means builders cannot pretend a house is bigger than it really is.

Making Sure the Builder Does Not Run Out of Money: In the past, builders could take money from one project and spend it on another. Now, RERA says 70% of the money collected. It has to be kept in a separate bank account.

Limit on Booking Fees: A builder cannot ask for more than 10% of the total project cost as a booking fee. This helps buyers by making sure they do not have to pay a huge amount of money at the very start.

Rights if the Building Has Problems: If any structural or quality issue is found within 5 years of possession, the builder is responsible for fixing it.

The repair must be completed at no extra cost to the buyer. They have to finish the repair within 30 days. The buyer does not have to pay anything for it.

Fair Interest for Delays: Before RERA, builders paid very low interest if they delayed handing over a house. If a buyer delayed a payment, the builder charged a much higher interest. This created an unfair situation for buyers.

Under RERA, this rule has changed. Now, both the buyer and the builder must pay the same interest rate in case of any delay.

Right to Know the Facts: Buyers have the right to see all the project details. This includes the building plans, how the construction is moving along, and when the project will be finished.

Solving Problems: If buyers, builders, or agents have any issues, they can put a complaint with RERA. They can take the problem to a higher court called the Appellate Tribunal to find a solution.

Why is RERA approval important for Arvind SkyCrest?

RERA approval is a rule made by the Indian Government that every real estate project must follow. A builder must get this approval before they can launch the project or start building. This approval proves that all the important papers have been checked.

FAQs

To review project information, visit the official Karnataka RERA website at rera.karnataka.gov.in. Navigate to the "Services" section and select "Project Status." People can search by entering the project name, the builder’s name, or the RERA registration number.

The website will show all project details, official documents, and updates regarding any complaints.

Yes, RERA registration is a requirement in Karnataka for most housing and business projects. Any project larger than 500 sq. m. or having more than 8 units must be registered before the builder can advertise or sell it.

Small projects with fewer than 8 units or those smaller than 500 sq. m. are not required to register. Penalties will be charged if these rules are not followed.

Most new and currently developing residential or commercial projects must receive RERA approval before they are promoted or sold. This rule applies to any project that is over 500 sq. m. or has more than 8 units.

Projects that were finished before May 1, 2017, and small projects below the size limits do not need this approval.

The process for obtaining RERA approval usually takes about 30 days. However, it is sometimes completed within 2 to 4 weeks.

Prestige Fernvale Highlights