The Maharashtra Real Estate Regulatory Authority (RERA) has issued a circular clarifying the calculation of carpet area. The circular states that the balcony, veranda, and terrace, cannot be included in the carpet area, even if these are exclusive to the flat. Meanwhile, internal walls have been included in the calculation.
Maharashtra RERA has asked developers in the state to abide by this standard while preparing sale agreements. Experts anticipate the per sq ft rate to increase in certain areas on the back of the new rules while total prices of apartments are likely to remain unchanged.
This announcement will bring uniformity in the calculation of carpet area in the state and bring an end to the practice of apartments being sold on the basis of various measurements such as built up area, super built up area, etc. This caused a lot of confusion among buyers and affected the credibility of the sector.
However, a few experts such as Shirish Deshpande, Executive President, Mumbai Grahak Panchayat, have expressed their discontentment with the inclusion of inner walls in the definition of carpet area as it flouts the original definition of carpet area. Carpet area has been defined under the Real Estate (Regulation and Development) Act as the area of carpet which can be laid out wall to wall.