UPRERA mandates real estate developers to register projects under names on approved maps, sell only by carpet area, and include co-allottees in complaints.
HRERA issues new rules mandating residential property sales based on carpet area, deemed illegal otherwise.
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.
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.
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.
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.
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.