Provident Botanico RERA

Provident Botanico RERA full form is the Real Estate (Regulation and Development) Act, 2016. RERA was formulated to regulate India's hitherto unorganized and unregulated real estate sector. Without an efficient regulator, the incidents of tussle and disputes between homebuyers and developers increased.

The RERA Act of 2016 was implemented to address the concerns and grievances of real estate developers, homebuyers, realty agents, and other real estate sector stakeholders. After the implementation of the RERA Act, Rera-approved projects are preferred by homebuyers.

The RERA Act has brought some benefits from the day it was implemented. Some important ones are:

  • RERA has improved transparency and accountability in India's real estate sector. RERA Act protects the rights of both homebuyers and real estate developers.
  • RERA has reduced the delays in project completions and prevented misleading information from homebuyers.
  • RERA safeguards the interest of homebuyers by imposing penalties on defaulting developers for delaying projects or not abiding by the Act.
  • For any project construction delay, the developer has to pay 2% to the homebuyer.
  • The developer has to resolve the concerns of homebuyers within 120 days.
  • As per the RERA Act, the developer can only collect up to 10% as advance from homebuyers
  • In case of any discrepancy in the title deed, the Act gives the right to the homebuyer to ask for compensation from the developer.
  • Post the project delivery, the developer has to provide free-of-cost services for construction defects to homebuyers for up to the first five years.
  • The developers must disclose the project details on RERA's official website, which will be updated regularly to ensure buyer's trust.

Provident Botanico
Type Apartments
Project Stage Upcoming
Location Whitefield, Bangalore
Builder Provident Housing
Floor Plans 1,2 & 3 BHK
Price Onrequest
Total Land Area Onrequest
Total Units Onrequest
Size Range Onrequest
Approvals NA
RERA No Onrequest
Launch Date Onrequest
Possession Date Onrequest

More than 500 sq m real estate projects must be registered with RERA authorities. In addition, every such builder has to inform the homebuyer of the progress of construction, abide by the timelines, and follow the rules stated in the RERA Act.Benefits of the RERA Act, 2016

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