What Is RERA Carpet Area in Real Estate? According to the 2016 Real Estate Regulatory Authority (RERA), the carpet area is the net useable floor area of a unit in addition to the internal walls, except for external walls size, utility shafts, balconies/ verandah areas exclusive, and open terraces space exclusive. Exclusive here refers towards […]

The advent of the RERA Act in 2016 streamlined the real estate market. This has mainly benefited property buyers in a number of ways. But let???s first understand why there was a need for the centralized Real Estate Regulatory Authority (RERA). And whether it has been effective in safeguarding the interests of homebuyers. Before RERA, […]