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Government Orders: Pay Only for Carpet Area & Not Super Built-Up Area

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Government Orders: Pay Only for Carpet Area & Not Super Built-Up Area

Last updated: February 6 2017
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  • Government Orders: Pay Only for Carpet Area & Not Super Built-Up Area

    Over the years, home buyers have been arm twisted into paying for more than what is the actual area of the flat. A 1000 square feet house in Juhu priced at Rs 25,000 per square feet, should cost you Rs 2.5 crore. But thanks to the inclusion of the built up area which puts the saleable area of the flat at 1350 square feet, you have to pay Rs 3.37 crore.

    Though the civic body has banned the sale of flat on the basis of built up area, the builder lobby has largely ignored the diktat, thanks to the lack of punitive measures.
  • #2

    #2

    Re : Government Orders: Pay Only for Carpet Area & Not Super Built-Up Area

    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?

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    • #3

      #3

      Re : Government Orders: Pay Only for Carpet Area & Not Super Built-Up Area

      Originally posted by Rahul_Pune View Post
      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?
      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.

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      • #4

        #4

        Re : Government Orders: Pay Only for Carpet Area & Not Super Built-Up Area

        Is govt trying to put this rule in action???
        Last edited July 5 2011, 05:21 PM.

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        • #5

          #5

          Re : Government Orders: Pay Only for Carpet Area & Not Super Built-Up Area

          Originally posted by Rahul_Pune View Post
          Is govt trying to put this rule in action???


          yes read this article in times of india

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          • #6

            #6

            Re : Government Orders: Pay Only for Carpet Area & Not Super Built-Up Area

            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.

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            • #7

              #7

              Re : Government Orders: Pay Only for Carpet Area & Not Super Built-Up Area

              Originally posted by mamol View Post
              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.
              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.

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              • #8

                #8

                Re : Government Orders: Pay Only for Carpet Area & Not Super Built-Up Area

                Carpet area VS super built up area
                ******.com » Blog Archive » You PAY for super built-up and you GET carpet area! Understanding LOADING is necessary…

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                • saurabh.ceo
                  saurabh.ceo commented
                  Editing a comment
                  That too carpet area now include all internal walls and even side walls of balconies or dry balcony. Wow.. So basically post RERA carpet area is no more the place where one can spread a carpet. It means higher loading.

                  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.
                  Last edited April 5 2018, 08:14 PM.
              • #9

                #9

                Re : Government Orders: Pay Only for Carpet Area & Not Super Built-Up Area

                Originally posted by pnb_2k View Post
                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.
                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. 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.

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                • #10

                  #10

                  Re : Government Orders: Pay Only for Carpet Area & Not Super Built-Up Area

                  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 . Best to avoid such builders.
                  If you are happy, you are successful.

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