Regulations Issued By Haryana RERA – Flats to Be Sold only on Carpet Area
Haryana RERA has issued directives for the sale of housing spaces or living units developed under any residential or commercial realty project. The new law will ensure that the realty projects will now be sold on a carpet area basis only.
The Haryana real estate regulator based out in Gurugram, has clearly cited that any violations will initiate penal proceedings against the confidante or the real estate dealer involved in violating the laws.
From now on, the real estate transactions if found to be conducted on a super area basis then the same shall be considered as fraudulent and trade malpractice by the promoter or the dealer mentioned in a statement by Haryana RERA Chairman Mr K.K. Khandelwal. Adding further he also said that, the conveyance deed and the sale deed must also be executed only on the basis of carpet area. So, monetary transaction done on the basis of the super area or any other basis will be held as an offence.
These laws have been formed by RERA Haryana to ensure an efficient and transparent method and to protect the interest of consumers indulging in the deals like sale of apartment, plot or any housing space, or be it sale of any other realty project in the real estate sector.
Citing that prior to the enactment of the Real Estate Act of 2016 (Regulation & Development), there resided a chaotic situation as due to lack of legal protocols due to which the sale deed was based on the ‘carpet area’. Furthermore, he emphasized that the Act has provided a clear definition of carpet area and have allowed removing the uncertainty in this regard.
