HRERA Regulates Apartments Sale On Carpet Area Basis
Move by Haryana Real Estate Regulatory Authority, (HRERA) to regulate the sale of apartments/Floors only on the basis of carpet area comes out as a big relief to the homebuyers. Considering the objectives and intentions of the Real Estate (Regulation and Development) Act, 2016 [RERA] and the Rules made thereunder, it was felt that it was the need of the hour to frame regulations on the sale of apartment/ floors in a real estate project on the basis of Carpet Area. The purpose of these regulations is to ensure more efficiency and transparency in the procedure of the sale of apartments/ floors and parallelly to safeguard the interest of consumers in this sector. Selling apartments /floors based on super area basis is unlawful, deceptive, vague, and leads to uncertainty. Prior to RERA, it was a common practice by builders to list their properties based on the super area to distort the homebuyers how spacious the property was. Super area of a property includes carpet area along with balconies, terrace and areas covered by wall and common areas such as lift, stairs, etc. Sale of property on the basis of super area not only gives a wrong idea about the area of the house but also decreases per square feet cost of the house. RERA has now resolved the issue of vagueness and uncertainty attached with the definition of carpet area. S. 2 (k) of the act defines carpet area as "the net usable floor area of an apartment, excluding the area covered by the external walls, areas under services shafts, exclusive balcony or verandah area and exclusive open terrace area, but includes the area covered by the internal partition walls of the apartment." Carpet area doesn't include common areas like lift, lobby, etc.
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