Frequently Asked Questions
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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 features a total of 40 meticulously designed apartments, offering a blend of modern living and traditional architecture. The apartments range in size from 73.39 to 120.30 square meters, providing ample space for families and individuals alike.
The project is designed with a focus on comfort and convenience, featuring spacious 2 BHK and 3 BHK units equipped with contemporary amenities. Residents can enjoy a peaceful lifestyle in a well-planned community, with plenty of green spaces and recreational areas.
Ratnakar Residency is strategically located to provide easy access to major highways, educational institutions, healthcare facilities, and shopping centers, making it an ideal choice for families and professionals. The project is set to be ready for possession by Quarter 2 of 2024, ensuring that residents can move in without delay.
In terms of infrastructure, the project is equipped with essential facilities including a centralized drainage system, a sewage treatment plant, and solid waste management systems. The development also emphasizes energy efficiency with LED lighting and timer control panels, ensuring a sustainable living environment. Fire safety measures are comprehensively integrated, providing peace of mind to all residents.
With its commitment to quality and customer satisfaction, Ratnakar Residency is poised to be a landmark in Bhubaneswar’s residential landscape. It is not just a home; it is a lifestyle choice that promises comfort, convenience, and a touch of elegance.
What is Ratnakar Residency?
Ratnakar Residency is a residential project located in Goutam Nagar, Bhubaneswar, offering 2 BHK and 3 BHK apartments designed for modern living.
What is the size range of the apartments?
The apartments range in size from 73.39 to 120.30 square meters.
What infrastructure is included in the project?
The project includes a centralized drainage system, sewage treatment plant, solid waste management systems, energy-efficient lighting, and comprehensive fire safety measures.
What amenities are available at Ratnakar Residency?
The project features spacious apartments, recreational areas, and essential facilities for a comfortable lifestyle.
Where is Ratnakar Residency located?
The project is located in Goutam Nagar, Bhubaneswar, providing easy access to major highways, educational institutions, healthcare facilities, and shopping centers.
Is Ratnakar Residency a good investment?
Yes, with its strategic location, modern amenities, and quality construction, Ratnakar Residency presents a promising investment opportunity in the growing real estate market of Bhubaneswar.
Basic Information
- Price Range:
- Property Type: Apartment
- Flat Type: 2 BHK, 3 BHK
- Project Status: Ready To Move
Project Details
- Possession Date: Quarter 2 2024
- Project Span:
- No of Towers:
- Total No of Units: 40
- Total Floors: 5
- 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
ORERA/2023/001234
Explore the Neighborhood
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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
