Uttar Pradesh RERA Warns Homebuyers Against Super Built-up Area
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has cautioned homebuyers against relying on super built-up area figures while purchasing flats, stating that carpet area, which represents the actual usable space inside a residential unit, should be the basis for any buying decision.
What is Carpet Area?
Carpets area refers to the net usable floor area of an apartment, excluding areas covered by external walls, service shafts, exclusive balconies or verandahs, and exclusive open terrace areas, but includes areas covered by internal partition walls.
What's the Difference Between Carpet Area and Built-up Area?
- Carpet Area: The actual usable space available inside a flat, where a carpet can be spread.
- Built-up Area: The total physical footprint of a property, including thickness of walls, balconies, etc.
Why is Carpet Area Important?
Carpet area is used to measure the actual usable space in a property, while built-up area measures the total dimensions of a property. Super built-up area, on the other hand, includes common areas like lift, staircase, swimming pool, gymnasium, lobby, etc.
UP RERA Urges Homebuyers to Verify Project Details
UP RERA has urged buyers to verify project details, including carpet area, on its portal before finalizing any property deal, aiming to bring greater transparency to the real estate sector and shield homebuyers from misleading information.
Claim of No Supply Crunch
UP RERA recently stated that more than 1.15 lakh residential and commercial units are currently on sale across the state, pushing back against supply shortage claims and cautioning buyers against rushed investment decisions.
Key Takeaways:
- Carpet area should be the basis for buying decisions.
- Super built-up area figures can hide the difference between advertised size and actual usable space.
- Buyers should verify project details, including carpet area, on UP RERA's portal.
- More than 1.15 lakh units are currently on sale in Uttar Pradesh.