This is one area where builders have been duping buyers since long. Well, thanks to RERA, buyers now have some chance of saving a few lakhs. The RERA defines carpet area as ‘the net usable floor area of an apartment, excluding the area covered by the external walls, areas under services shafts, exclusive balcony or verandah area and exclusive open terrace area, but including the area covered by the internal partition walls of the apartment.

To keep it simple it is anything inside the outer walls of an apartment, but excluding the balconies, verandah or open terrace and shafts. The balcony's area will not be included now on even if it is an exclusive balcony for the flat. The area of the lift lobby, staircase lobby or any space that you can be in, before you enter the house through the main door, cannot be included too. Also, the common/exclusive shaft that is used to vent the air from kitchen/lavatory, is excluded although a walk-in wardrobe will be included.

Now this would be helpful for buyers as in many projects, loading accounts for approximately 30%-35% of the total area. and an accurate information about a project’s site, layout and plot, will empower the buyer to take an informed decision. It would also become easy for owners to understand the components of their tax liability on property and the rights and easements associated with a property, when it is part of a larger common structure or building.

It would mean a whole lot to buyers now, right? Any comments?
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