Government Orders: Pay Only for Carpet Area & Not Super Built-Up Area
24 Replies22k+ ViewsLast Reply: 2 years ago
charlyk
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Started 8 years ago
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- Every builder is selling flat on built up area, If govt has any such rule then why govt is not taking any action against the builders?CommentQuote0Flag
- Originally Posted by Rahul_PuneEvery builder is selling flat on built up area, If govt has any such rule then why govt is not taking any action against the builders?
Yes the rule is there, if the rule comes into action,builders will sale with carpet area and increase the rate per psf. Its just the same way happened with the parking rule.CommentQuote1Flag - Is govt trying to put this rule in action???CommentQuote0Flag
- Originally Posted by Rahul_PuneIs govt trying to put this rule in action???
yes read this article in times of indiaCommentQuote0Flag - This is an excellent development, let them increase the rates. Atleast people will come to know the actual rate you are buying.
There is a large difference between the land rates and the "actual carpet area" rates. Builders want to quote on the super built area, because they want to show that they are only selling at 4000 rs a sq feet, the land price itself is 1500 -- and hence making nothing out of it.
However, if you calculate on carpet, the price is close to 6500-7000 per sq feet - meaning the difference between the land and the actual rate is very high.CommentQuote0Flag - Originally Posted by mamolYes the rule is there, if the rule comes into action,builders will sale with carpet area and increase the rate per psf. Its just the same way happened with the parking rule.
I don't think govt/bank is strict on this. I recently saw home agreements where builders mentioned built up area only. There is nothing mentioned like carpet area/loading etc. Bank are also reluctant on this. They are providing loan even if carpet area is not mentioned in agreement.:bab (6):CommentQuote0Flag - Carpet area VS super built up area
Groffr.com » Blog Archive » You PAY for super built-up and you GET carpet area! Understanding LOADING is necessary…CommentQuote0Flag - Originally Posted by pnb_2kI don't think govt/bank is strict on this. I recently saw home agreements where builders mentioned built up area only. There is nothing mentioned like carpet area/loading etc. Bank are also reluctant on this. They are providing loan even if carpet area is not mentioned in agreement.:bab (6):
What I came to know is the builders are already selling flats on the basis of carpet area. As per MOF act, the agreement has to be on the basis of carpet area but in this case builders are not specifying built up area in agreement but charging accroding to built up area only. :bab (45):The agreement looks like you have purchased flat on the basis of carpet area but, actually, you have paid the price of built up area.CommentQuote0Flag - And then there are crook builders who don't even display the carpet area in the brochure, only salable is mentioned. You get to know the carpet area only at time of registration :bab (45):. Best to avoid such builders.CommentQuote0Flag
- It would be really very helpful for buyers when this on paper policy comes in action.
http://www.punemirror.in/article/62/2012061320120613115929643bc2e3629/Carpet-bombed.htmlCommentQuote0Flag - The same paper says that though the law was passed 4 years back its still on papers.
Neither PMC/PCMC engineers nor builders comply with it. So I have no hope that anything wd happen.
Also there was is a law which said car parking cannot be sold so Builders implemented this law promptly. They use to take 1 lakh - 1.5 lakh for car parking, which they increased to 3-5 lakhs as infrastructure charges.:bab (5)::bab (5)::D:DCommentQuote0Flag - All these laws are useless. charge on carpet area - whats the difference. Builders will increase the price by 30% and then charge on carpet. If needed buyers can always see their carpet area and then calculate rate reverse way to compare.CommentQuote0Flag
- Does this apply to used resale properties too i.e. current rate x carpet area ?CommentQuote0Flag
- whether it is carpet, built up or super built up, doesn't matter, final cost of will remain the same, whether you consider 25 or 30% loading, it doesn't matter, if you ask them for 10% loading, they will charge you more psf and overall cost would be same. In Mumbai, they are charging 40% loading openly. Main thing is calculation of carpet area should be correct and the buyer should get exactly that carpet area.CommentQuote1Flag
E. G builder is still charging on built up/saleable.. They are only mentioning carpet area including internal walls in agreement.
Classic example of Rohan Abhilasha, Wagholi their 1BHK agreement before RERA said 390sq feet carpet area. And the same flat today says 477 carpet area. And more over salable area is 643 Sq feet.
If u ask them what's loading today they will say 643-477/477 = 166/477 = 35%
But before RERA loading was 526 - 390/390 = 136/390 = 35%
But actually post RERA if we consider old carpet area definition its actually 643 - 390/390 = 253/390 = 65% loading.
So RERA is favoring builders pocket friends.
So whenever u buy a home today Pls check carpet area and loading of pre RERA agreement(u have to insist to builder to provide/another way is enquire for any pre RERA customer of the same builder and aquire the copy) and post RERA agreement.