News
UP RERA: Promoters Must Sell Apartments According to Carpet Area


Lucknow/Gautam Buddh Nagar: UP RERA has directed all promoters to ensure sale of units/ apartments according to ‘Carpet Area only’. As per the provisions of the RERA Act and pursuant to other legal agreements/contracts, there is no justification of ‘Super Area’. Sale of units/apartments on this basis will be considered illegal and according to the provisions of RERA Act, buying and selling of apartments is legal only on the basis of carpet area.


U.P. RERA Chairman Sanjay Bhoosreddy says that “there is no abbreviation or definition of Super Area in the RERA Act. It is indeed necessary for allottees to consider Carpet Area as the actual area of the unit/apartment and pay the promoter according to this area.”
According to the RERA Act 2016, promoters mention number of units, types along with floor, balcony, terrace and area of other spaces while registering the project on the portal. In this, they mention actual area of floor space among internal walls (Carpet Area).
For agreement for sale between promoter and allottee, a model agreement for sale has been provided on the U.P. RERA portal. This model agreement for sale is also based on Carpet Area. In this way, selling apartments/units on the base of Super Area is contrary to the provisions of the RERA Act. Hence, promoters must ensure sale of units according to the Carpet Area only. Violation of this provision may cause legal action
-
News1 week ago
Gaur City Mall Buzzes as Superstar Sunny Deol Promotes Latest Film ‘Jaat’
-
News2 weeks ago
April Shower: Real Estate Gets Booster Shot as RBI Cuts Repo Rate by 25 BPS
-
News2 weeks ago
RBI’s Second Consecutive Repo Rate Cut to 6% Spurs Optimism Across Real Estate Sector
-
News1 week ago
Vegas Mall Hosts Grand Event on April 13 to Celebrate the Spirit of Baisakhi
-
News1 week ago
Superstar Sunny Deol Visits VVIP Style Mall, Ghaziabad
-
Guest Column2 weeks ago
Look East: How Noida, Greater Noida are Poised to Ride India’s Retail Leasing Surge
-
News5 days ago
Manish Jain Takes the Helm as New President of CREDAI Pune Metro
-
News1 day ago
Exploring the Surge in Luxury Residential Demand Along Dwarka Expressway