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Calculation of flat rate according to RERA when builder changing cost
29-Jul-2023 (In Property Law)
I have been thinking to purchase a ready flat first handed. The super build up area is 865 and carpet area is 510. It is an investor property and he is charging at super build up area whereas per rera flat should be at carpet area! What to do in dis situation. Is it legal activity done by investor?
According to the provisions of the Real Estate (Regulation & Development) Act 2016 (RERA), it is now the duty of the developer to make buyers aware of the developer to make buyers aware of the carpet area & quote price based on this not the superbuilt up area. It is now mandatory for the developers of all ongoing projects, to disclose the size of their apartments on the basis of carpet area (i.e the area within four walls).
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Adv. Meena Chaudhari
Navi Mumbai | 100+ Answers
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the act is not going to make any difference to the price of the property as builder or anyone is free to charge lump some price for the property but he has to mention carpet area in the agreement . thanks
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Adv. Avinash Jagannath Pawar
Mumbai | 25+ Answers
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