Pune’s real estate industry has seen multifold changes in the last 15 years. From the IT boom to the rising per capita income and greater global exposure, builders in Pune have seen unprecedented growth. However, arguably the biggest impact happened on 1st May 2017.
With the introduction of the Real Estate Regulatory Act (RERA), the Government of India aims to bridge the gap between buyers’ expectations and reality for residential projects. Since the bill is a first of its kind, there is a certain level of ambiguity within the developers’ community. Both, regular and premium developers in Pune are preparing to meet the mandatory requirements laid down under RERA.
At Kundan Spaces we’re welcoming RERA with a big smile. Since three decades we’ve strived to earn a reputation of being amongst the most premium developers in Pune. This has been possible due to our strict adherence to self-made policies, similar to those under RERA.
Be it timely possession, assured use of good quality materials or complete transparency in legal paperwork, we’ve been consistent across all our residential projects in Pune. Each of our ongoing projects, some including luxurious flats in NIBM, Pune, has been planned as per the exacting standards of our RERA-like policies. Our core values - on-time delivery, no deviations from plans, fair and transparent practices, and obtaining all statutory permissions - form the strong foundation of every project that we undertake.
One of the key points under RERA is to ensure that projects are completed and delivered on time. Since inception in 1986, the Kundan Spaces team has had a common vision - winning people’s trust and loyalty. To ensure timely delivery of our residential projects in Pune, we have always followed honest accounting practices and even have a system for regular updates to customers.
Over the years we have earned goodwill and trust of being premium developers in Pune. Our customers have experienced our transparent practices, and they have been our biggest inspiration to grow. In times to come RERA will play a big role in defining how customers perceive residential projects. We’re confident that our luxurious residential projects in NIBM, Pune will provide Puneites with the comfort, style and opulence they deserve.
Only time will tell how big an impression RERA makes on the real estate industry in Pune. Throughout this journey, Kundan Spaces will continuously strive to achieve its vision of total customer satisfaction. And creating homes that bring families together.