Which Area Is Mentioned In Agreement

The agreement you enter with the owner describes the different costs you have to bear to purchase the house. These include costs for utilities such as electricity and water, car parks, various taxes and, in some cases, registration fees. However, the owner may then collect some additional fees for these. Dhaval Ajmera, director of Ajmera Realty, says that “many developers provide information about the built-up area and not about the carpet surface, which is smaller than the built surface.” Now a clear definition will meet the expectations of the guests regarding the actual measures of the apartment. The carpet area usually means everything inside the exterior walls of an apartment, but without balconies, veranda, wall thickness or open terrace and wells. According to RERA, the surface of the carpet will include the surface covered by the interior walls of the apartment, as well as the surface of the net. In many projects, loading accounts for about 30% to 35% of the total area. “Precise information about the location, layout and terrain of a project will enable the buyer to make an informed decision,” says Nibhrant Shah, founder and CEO of Isprava. It would also be easy for homeowners to understand the building blocks of their tax debt on the property and the rights and facilities associated with a property if it is part of a common structure or a larger building. Once the registration is made, the owner of the apartment receives an undivided share due to the land on which the apartments are built. This means that all owners now own the land. Here, the owners literally take the accommodation buyers for a fun trip. Now they also weigh on the buyer for the parrking area.

The area reserved for car parks is not allocated to another lot, but to each owner of the undivided part of the land. As a result, gullible homeowners pay twice for the same installation. In general, the carpet surface is 70 per cent of the built area. You can only calculate the surface of the carpet if you know the exact surface built. The agreement mentions a carpet surface of 498sq ft, while the owners ask for the letter mentions the surface of the apartment as 670 sq ft (construction). My question is: if I have to sell this apartment, would I have to sell it on the basis of a carpet surface? The amount I paid the seller was construction area (670 sq ft) x psf rate. So if I am forced to sell it based on the carpet surface mentioned in the agreement, I will have a loss. In practice, one cannot have the same carpet surface and the same built surface from the base/difference described above.

Therefore, in your case, the apartment with a carpet surface of 498 m2 should measure the same area as the apartment with an area of 670 m2. The key is to revise the price (- Rs. xyz pro sq. ft.) to calibrate the two units of measurement when you want to resell it. The only document in which the construction area mentioned is the letter of needs (the original of it is to the bank that gave me the credit). After your first request, if the owner/seller negotiates the price of the apartment with regard to the built area, then you should insist that the agreement mention the same thing. If they want to mention the carper surface in the chord, calculate the proportional value relative to the carpet surface and see if the price is nice for you. The surface of a property is often calculated in three different ways: the carpet surface, the built surface and the super-built surface. Therefore, when it comes to buying a property, it can lead to a great separation between what you pay and what you actually get. It is not surprising that the maximum number of cases registered with consumer courts are against developers on the issue of fraud, with regard to the size of the apartment. In accordance with the provisions of the Real Estate (Regulation and Development) Act 2016 (RERA), it is now the duty of the developer to draw the attention of the purchaser after B.C. on the surface of the carpet and to note prices on this basis and not on the superstructure.

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