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RERA: Real Estate Regulatory Authority

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RERA: Real Estate Regulatory Authority

Last updated: July 5 2011
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  • RERA: Real Estate Regulatory Authority

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

    Govt
  • #2

    #2

    Re : RERA: Real Estate Regulatory Authority

    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.

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    • #3

      #3

      Re : RERA: Real Estate Regulatory Authority

      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

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      • #4

        #4

        Re : RERA: Real Estate Regulatory Authority

        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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