Frequently Asked Questions
Explore our list of frequently asked questions to find answers to common inquiries about this project.
Ratnakar Residency
Goutam Nagar, Bhubaneswar, Odisha
ESSEN CONSTRUCTION
Ratnakar Residency is a premier residential project located in the serene locality of Goutam Nagar, Bhubaneswar. This project is designed to offer a blend of modern living and traditional architecture, making it an ideal choice for families seeking a peaceful yet connected lifestyle. The project features a total of 32 meticulously designed apartments, ranging from 2 BHK to 3 BHK configurations, ensuring ample space and comfort for all residents.
The apartments are equipped with contemporary amenities and high-quality finishes, ensuring a luxurious living experience. Residents can enjoy a well-planned layout that includes spacious bedrooms, modern kitchens, and elegant bathrooms. The project is strategically located to provide easy access to major highways, educational institutions, and healthcare facilities, making it a convenient choice for urban living.
Ratnakar Residency is committed to sustainability and energy efficiency, incorporating advanced systems for water conservation and energy management. The project is designed to minimize environmental impact while providing a comfortable living environment. With a focus on community living, the project includes amenities such as a community hall, parks, and recreational areas, promoting a healthy and active lifestyle for its residents.
Investing in Ratnakar Residency not only means acquiring a beautiful home but also becoming part of a vibrant community that values quality living and sustainability. This project is a testament to exceptional craftsmanship and attention to detail, making it a valuable addition to the real estate landscape of Bhubaneswar.
What is Ratnakar Residency?
Ratnakar Residency is a residential project located in Goutam Nagar, Bhubaneswar, offering 2 BHK and 3 BHK apartments.
What is the total number of units in the project?
The project comprises a total of 32 residential units.
What kind of infrastructure is included in the project?
The project includes modern infrastructure with a focus on sustainability and energy efficiency.
What amenities are available in Ratnakar Residency?
The project features a community hall, parks, and recreational areas for residents.
Where is Ratnakar Residency located?
The project is located in Goutam Nagar, Bhubaneswar, providing easy access to major highways and essential services.
Is Ratnakar Residency a good investment?
Yes, investing in Ratnakar Residency means acquiring a valuable asset in a prime location with a focus on quality living and sustainability.
Basic Information
- Price Range:
- Property Type: Apartment
- Flat Type: 2 BHK, 3 BHK
- Project Status: Under Construction
Project Details
- Possession Date: Quarter 2 2024
- Project Span:
- No of Towers:
- Total No of Units: 32
- Total Floors: S+4
- Project Density:
Location & Builder
- Project Name: Ratnakar Residency
- Address: Goutam Nagar, Bhubaneswar, Odisha
- Sector: Others
- Locality: Goutam Nagar
- City: Bhubaneswar, Odisha
- Builder: ESSEN CONSTRUCTION
RERA Authority
Odisha Real Estate Regulatory Authority
RERA Registration Number
RP/19/2018/00052
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ESSEN CONSTRUCTION
- No of Complaints: Not Available
- States (Active in): Odisha
Introduction
Navigating the real estate market can be a daunting task, especially when it comes to choosing a builder. In this blog post, we will delve into the performance of Essen Construction, a builder operating in Odisha, India. By examining their legal track record and the common factors in the cases they have faced, we aim to provide potential buyers with valuable insights into this construction company.
Builder Overview
Essen Construction has faced a total of 7 complaints, resulting in a mixed record of legal outcomes: they lost 6 cases and won only 1. This raises questions about their practices and reliability as a builder.
Legal Case Analysis
Cases Lost
The case that Essen Construction lost centered around a claim made by an appellant, who alleged that an apartment was sold without obtaining a registration certificate from the relevant authorities. Despite the builder's defense claiming that the project was registered, the authority found that the plaintiff's concerns were valid. This case highlights a critical issue: the importance of ensuring all necessary registrations and certificates are in order before engaging in property transactions. The loss in this matter could indicate a potential lapse in compliance with local regulations.
Cases Won
In stark contrast, the builder won 6 cases where complaints ranged from not providing fire safety equipment and completing essential amenities to not adhering to approved construction plans. In these instances, the authorities often dismissed the complaints, directing Essen Construction to implement corrective actions rather than imposing severe penalties. Common directives included:
- Installation of fire safety equipment
- Construction of separate prayer halls for community needs
- Provision of amenities as per the agreed specifications
What stands out from these victories is that while Essen Construction defended its projects based on the height of buildings (less than 15 meters), indicating lower regulatory requirements, they were still accountable for ensuring that the amenities and facilities agreed … Read more
