UP-RERA requires apartment sales based on carpet area

10 Jan 2024 CW Team

In a move aimed at enhancing transparency and protecting homebuyers' interests, the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has directed promoters to sell apartments based on carpet area alone. This decision aligns with the regulator's commitment to fair practices and ensuring that buyers have accurate information about the actual usable space in their purchased units.

The new directive emphasises the importance of providing clarity in real estate transactions, focusing on the carpet area as the basis for selling residential units. Carpet area, which excludes the thickness of internal walls, provides a more accurate representation of the usable space within an apartment.

By shifting the focus to carpet area, UP-RERA aims to prevent ambiguity and misrepresentation in property transactions. This regulation is poised to empower homebuyers with precise information, allowing them to make informed decisions based on the actual liveable space in the apartments they are considering.

This step by UP-RERA is part of a broader initiative to instill confidence in the real estate market and strengthen buyer protection measures. The move reflects a commitment to ethical and transparent practices within the real estate sector, fostering a more reliable and consumer-friendly environment for property transactions in Uttar Pradesh.

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