Results for #carpet

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Answered on November 08, 2017
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  • As per RERA "carpet area" means the net usable floor area of an apartment, excluding the area covered by the external walls, areas under services shafts, exclusive balcony or verandah area and exclusive open terrace area, but includes the area covered by the internal partition walls of the apartment.

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    Answered on November 08, 2017
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  • Comparison should be on following facts: 1. Type of building (e.g. Complex / stand alone / High or low rise); 2. Amenities and specifiactions; 3. Completion time and 4. On carpet area basis 5. Developer reputation and projects completed by him in the recent past

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    Answered on November 08, 2017
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  • Carpet area can be well identified on plans whereas Superbuilt up is perceived based on many common areas of the building. Therefore, the efficiency ratio totally depends upon the planning requirement and its intricacies. However, it's a mathematics which can be calculated after understanding of plans .

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    Answered on November 08, 2017
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  •  As per definition, builder cannot add balcony area or pocket terrace area as a part of the carpet area. However, it can be separately mentioned in the agreement as a disclosure to a prospective purchaser. They may be included in the lumpsum price of the apartment.


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    Answered on November 08, 2017
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  • RERA stipulates that the area handed to a flat purchaser cannot vary more than 3% from the area mentioned in the agreement. In any case, flat purchaser can claim the difference in case he is given less area than promised in agreement

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    Answered on November 08, 2017
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  • CARPET AREA IS DEFINED DIFFERENTLY UNDER DIFFERENT NORMS FOR DIFFERENT PURPOSES

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    Answered on November 08, 2017
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  • Tax liability will arise on capital gains arising out of difference between sale consideration and purchase consideration. While the sale consideration will be proportionately divided by the area of the flat, the purchase value of your flat will be aggregate of the following:
    1. For 318 sq. ft - original purchase value as per agreement.
    2. For 100 sq. ft. received free of cost - NIL
    3. For 1...
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