Understanding RERA Carpet Area: A Must-Know for Home Buyers
Attention Home Buyers! Are you aware of the RERA carpet area calculation method? If not, let us tell you why it's important.
RERA (Real Estate Regulatory Authority) carpet area is a standardised method of calculating the usable area within a residential property. It excludes common areas such as balconies, verandas, and service areas and includes only the internal walls of the property. This ensures that the home-buying customer pays only for the actual usable area of the property and not for any unnecessary common areas.
In contrast, traditional carpet area calculations often include external walls and other common areas, which may inflate the actual usable area of the property. This can lead to discrepancies in pricing and put the home-buying customer at a disadvantage.
Home-buying customers can use the RERA carpet area calculation method to ensure transparency and fairness in their transactions. It helps avoid disputes and ensures that the customer gets what they pay for.
Propcore recommends educating home buyers about the RERA carpet area calculation method. It's an important aspect of real estate transactions that can help home buyers make informed decisions when purchasing a property.
So, the next time you consider buying a property, ask your real estate agent or developers about the RERA carpet area calculation method. Trust me; it'll save you from unnecessary confusion and help you get the most value for your investment.