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HRERA: Sale of Property only based on Carpet Area

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Recently, the Haryana Real Estate Regulatory Authority stated that a flat or an apartment would be sold only on the base of the carpet area. To add more, HRERA also asserted that the sale of the property on the basis of the super area would be considered a fraudulent and unfair trade practice.

To ensure that a plot, an apartment or a building is sold transparently, the HRERA has made specific regulations. Prior to the Real Estate (Regulation and Development) Act, 2016 came into existence; there was no legal description for the term "carpet area". The Act provided a specific definition of carpet area.
The meaning of carpet area as provided under Section 2(k) of the Act means the net usable floor area. Externals wall, service shafts, balcony, verandah and open terrace have been excluded from the definition of carpet area.

As for ongoing projects allotted based on the super area before the 2016 Act came into force, the promoter must disclose what components constitute the super area and whether or not the super area, promised in the builder-buyer agreements, exists.

Let's take a quick look over what is carpet area, built-up area & super area:-

Carpet Area-
Within the building, the carpet area is the area that can be used to spread a carpet. That is the apartment's net available space. The thickness of the interior wall is used, but the balcony or terrace is not. The carpet area is the distance between the inner walls in technical terms. Also, it will only have a staircase if it is located inside the apartment; however, the balcony, elevator, lobby, and other areas will not be included in the carpet area.

What Is The Best Way To Calculate The Total Carpet Area?
There are a few different methods for measuring carpet space. First, you should be aware that the carpet area accounts for 70% of the total built-up area. For example, if your built-up area is 1,000 square feet, your carpet area should be 70% of 1,000 square feet or 700 square feet in this situation. So you have a carpet space of 700 square feet.

Built-Up Area-
In layman's terms, the built-up area is the carpeted area plus the walled area. Balconies, terraces (with or without roofs), mezzanine floors, and other detachable living spaces such as servant rooms, etc., are included in the built-up area. You should also be aware that shared walls with other units are factored in at 50%, while other walls are computed fully. 

How Do You Calculate Your Built-Up Area?
Built-up area = carpeted area + walled areas, logically. In most cases, it is 10-15% higher than the carpet region. With the following example, you will see what I mean.
Assume that areas occupied by dry balconies and terraces account for 10% of the total built-up area, but the available area is just 70% of the total built-up area. So, if the total built-up area is 1,000 square feet, 30% of it, or 300 square feet, is unusable, leaving 700 square feet to be used.

Super-Area-
The proportionate share of the entry lobby, corridors, staircases, lift shafts, lift lobby, generator rooms, clubhouse, security office, and all other common areas in the complex are included in the super built-up area. However, the mega built-up area does not have an underground sump, water tanks, walkways, swimming pools, open sporting grounds, weather sheds, inaccessible flower beds, or lofts.

Calculation for Super Built-Up Area-
Developers use 1.25 as a multiplication equation to measure mega built-up area since it includes popular spaces such as elevators, verandas, and clubhouses. This results in a 25% growth in the gross saleable area. Loading is the term for this percentage. When calculating saleable area, few developers use loading figures. For example, if the carpet area is 600 sq ft and the contractor installs 30% loading, you would be charged for 780 sq ft even though you are only using 600 sq ft. 

Hence, At Value Homz, one of the esteemed full-service real estate and property management company, we offer expertise in the marketing and sale of a wide range of properties, including residential, commercial, and industrial. We stick & adhere to all the governmental and important policies set by the Authorities, RERA Act, etc., when it comes to marketing the products. Because of transparent & trustworthy practice in the sector over the last three decades, the group has deserved the confidence and respect of all its stakeholders with its ubiquity in the residential, commercial and industrial space.