H-RERA issues directive for sale of apartments
Real Estate

H-RERA issues directive for sale of apartments

The Haryana Real Estate Regulatory Authority (H-RERA) has issued regulations for the sale of apartments or buildings in real estate projects on a carpet area basis.

Previously, apartments were sold on a super built-up area basis. After the issuance of the new regulations, sales on a super area basis shall be treated as fraudulent and an unfair trade practice by the promoters.

The Gurugram-based regulator warned that penal proceedings would be initiated against the promoter or the real estate agent violating the instructions.

Carpet area means the net usable floor area excluding the area covered by external walls, service shafts, balconies, verandahs, open terraces, according to the H-RERA Act, which came into effect on 1 May 2017. The conveyance deed shall be executed only on a carpet area basis. The sale of an apartment or building is only on a carpet area basis. So the sale of a super area or any other basis is illegal.

H-RERA told the media the practice of the sale of real estate on a super area basis is misleading, ambiguous, opaque, and gives rise to confusion and complexities and at times result in avoidable litigation.

These regulations have been made by the authority to ensure the sale of plot, apartment, or building, as the case may be, or sale of real estate projects, efficiently and transparently and to protect the interest of consumers in the real estate sector, said H-RERA.

Noting that before the Real Estate (Regulation and Development) Act of 2016 came into existence, there was a lack of a legal description for the term 'carpet area', H-RERA said the Act has provided a specific and concrete definition of carpet area, which now has addressed the vagueness and uncertainty in this regard.

Image Source


Also Read: Haryana RERA calls out Adani for ad

Also Read: Haryana RERA bans sale of 50,000 unregistered units

The Haryana Real Estate Regulatory Authority (H-RERA) has issued regulations for the sale of apartments or buildings in real estate projects on a carpet area basis. Previously, apartments were sold on a super built-up area basis. After the issuance of the new regulations, sales on a super area basis shall be treated as fraudulent and an unfair trade practice by the promoters. The Gurugram-based regulator warned that penal proceedings would be initiated against the promoter or the real estate agent violating the instructions. Carpet area means the net usable floor area excluding the area covered by external walls, service shafts, balconies, verandahs, open terraces, according to the H-RERA Act, which came into effect on 1 May 2017. The conveyance deed shall be executed only on a carpet area basis. The sale of an apartment or building is only on a carpet area basis. So the sale of a super area or any other basis is illegal. H-RERA told the media the practice of the sale of real estate on a super area basis is misleading, ambiguous, opaque, and gives rise to confusion and complexities and at times result in avoidable litigation. These regulations have been made by the authority to ensure the sale of plot, apartment, or building, as the case may be, or sale of real estate projects, efficiently and transparently and to protect the interest of consumers in the real estate sector, said H-RERA. Noting that before the Real Estate (Regulation and Development) Act of 2016 came into existence, there was a lack of a legal description for the term 'carpet area', H-RERA said the Act has provided a specific and concrete definition of carpet area, which now has addressed the vagueness and uncertainty in this regard. Image Source Also Read: Haryana RERA calls out Adani for ad Also Read: Haryana RERA bans sale of 50,000 unregistered units

Next Story
Infrastructure Energy

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Next Story
Real Estate

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world..

Next Story
Real Estate

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App