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Ratnakar Residency
Goutam Nagar, Bhubaneswar, Odisha
ESSEN CONSTRUCTION
Description & FAQs
Project Overview
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.
Project Details
Basic Information
- Price Range:
- Property Type: Apartment
- Flat Type: 2 BHK, 3 BHK
- Status: Ready To Move
Project Scale
- Possession: Quarter 2 2024
- Span:
- Towers:
- Units: 40
- Floors: 5
- Density:
Location & Builder
- Project: 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 Reg. No
ORERA/2023/001234
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About ESSEN CONSTRUCTION
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, …
Read more here »Buyer's Due-Diligence Guide
Serious about Ratnakar Residency? Check the Facts First.
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What My Reports Uncover:
- Builder Strength: past delivery record, financial health, open court cases.
- Legal & Title: RERA filings, land title chain, critical NOCs and clearances.
- Construction Reality: on-site progress versus promised timeline, independent quality checks.
- Total Cost Clarity: launch-to-date price trend, hidden charges, payment-plan cash flow.
- Location & Liveability: travel times, upcoming infrastructure, environmental risks.
- Exit & Rental Liquidity: resale registrations, rental yields, bank project approvals.
- Buyer Sentiment: real customer complaints, maintenance issues, defect logs.
- Red Flags: a concise list of any critical concerns I uncover.
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