RERA full form means Real estate regulation act. This bill is actually pass by central government of India. And then every state govt. regulate with minor modifications as per their suitability in their states. There is a specific carpet area definition in RERA.
Carpet Area @ Real Estate (Regulation and Development) Act
The area of a property is often calculated in three different ways – carpet area, built-up area and super built-up area. Hence, when it comes to buying a property, this can lead to a lot of disconnect, between what you pay and what you actually get.
With REAR coming into the picture it is now mandatory for the developers of all ongoing projects, to disclose the size of their apartments, on the basis on carpet area (i.e., the area within four walls). This includes usable spaces, like kitchen and toilets. This imparts clarity, which was not the case earlier.
Must Read: Understand Carpet Area,Build-up Area & Super Build-up Area
According to the RERA, carpet area is defined 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 includes the area covered by the internal partition walls of the apartment’.
As per the RERA guidelines, a builder must disclose the exact carpet area, so that a customer knows what he is paying for. However, the act does not make it mandatory for the builders, to sell a flat on the basis of carpet area.
