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IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Mumbai > RERA: Real Estate Regulatory Authority
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Old July 5 2011, 07:40 AM   #1
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Default RERA: Real Estate Regulatory Authority

Do you think this will work.. hopefully.. what happens to UC props units being sold on saleable area..

Govt
 
Old July 5 2011, 10:17 AM   #2
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I don't think the Under Construction properties will be affected.

It will be applicable to new projects.

First of all, I doubt whether the bill will be passed this monsoon.
 
Old July 5 2011, 11:58 AM   #3
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Default no difference to builders

carpet area or saleable area makes no difference to builder community. They will quote carpet area in agreement but will hike psf rate to account for loading percentage.

in the end they make the money they want to
 
Old July 5 2011, 06:34 PM   #4
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Quote:
Originally Posted by neel2000 View Post
carpet area or saleable area makes no difference to builder community. They will quote carpet area in agreement but will hike psf rate to account for loading percentage.

in the end they make the money they want to
I totally agree with you on this one. However the only thing is that you will know what you have paid for and the builders cant turn back on the actual final carpet area, whereas if super built up is always quoted, the carpet area can change slightly at the time of agreement.
 
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