News articles tagged Carpet Area

RERA update: The Uttar Pradesh Real Estate Regulatory Authority issues five directives to protect the interests of purchasers

UPRERA mandates real estate developers to register projects under names on approved maps, sell only by carpet area, and include co-allottees in complaints.

Flats in Haryana only be sold on basis of carpet area: HRERA

HRERA issues new rules mandating residential property sales based on carpet area, deemed illegal otherwise.

CREDAI NCR ponders over regulating property dealers

CREDAI NCR aims to regulate property dealers and boost home sales by mandating disclosure of saleable and carpet areas in brochures, introducing lock-in periods for resale, and imposing higher transfer charges.

Real estate regulator likely to become a reality

The housing ministry intends to introduce a real estate regulator to curb sector illegalities. The bill, aimed at safeguarding buyers, defines carpet area and mandates project registration.

Order of Documents for Property Sale

Key documents for property sales in India include the sale deed, housing society share certificate, NOC, and title clearance. Buyers and sellers must also verify building age, area, parking, and ownership details.

Checklist for NRIs Willing To Invest In Real Estate

Buying real estate in India as an NRI requires careful planning, due diligence, and potentially using a Power of Attorney. Research builders, visit sites, secure home loans through banks, and consider property management solutions.

Calculate Before Buying

HDFC chairman criticizes developers for not differentiating between super built-up and carpet area, misleading buyers. Industry experts discuss varying building bylaws and the unavoidable inclusion of FSI-free areas in property pricing.