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.

Infrastructure Transport

09 Sep 2025

Navi Mumbai International Airport to be inaugurated on 30 September

Mumbai, 7 September 2025: After multiple delays, the much-awaited Navi Mumbai International Airport (NMIA) is set to be inaugurated on 30 September, marking a major milestone in India’s aviation infrastructure. The Airports Authority of India (AAI) has confirmed that the runway will be operational before the ceremony, with the current NOTAM set to end on 20 September, indicating project readiness.Preparations are also underway to host the Prime Minister at the inauguration. Domestic flight services are expected to commence from the new hub by late October or early November with limited opera..

IGBC Launches 32nd Chapter in Ranchi to Drive Green Building Growth

The CII Indian Green Building Council (IGBC) has launched its 32nd Chapter in Ranchi to accelerate Jharkhand’s transition towards sustainable and resilient urban infrastructure. The launch event, held on September 6 at Radisson Blu Hotel, brought together government officials, industry leaders, and sustainability experts. Sunil Kumar, IAS, Principal Secretary, Urban Development & Housing Department, Government of Jharkhand, said, “The launch of the IGBC Ranchi Chapter marks a significant step in Jharkhand’s urban development journey. The state is committed to creating a policy e..

Mindspace REIT Marks Five Years With 14.8 Per Cent Annualised Returns

Mindspace Business Parks REIT, owner and developer of a Grade-A office portfolio, has completed five years since its listing on the Indian bourses in August 2020. Despite debuting during the global pandemic, the REIT has delivered 14.8 per cent annualised total returns, expanded its portfolio, and reinforced occupier trust. Key achievements over five years include: Portfolio expansion of 30 per cent to 31.0 msf through acquisitions and new developments. Gross leasing of 25.2 msf, with occupancy sustained at 93.7 per cent. Cumulative distribution of Rs 55.9 billion to unitho..