It is mandatory as per the RERA Act 2016 to sell properties as per RERA Area, thus you should insist on knowing the RERA Area of that particular apartment. Once you have the RERA Area of that apartment, you can easily see what you are getting for the price you are going to pay and also compare RERA Area of multiple projects before making your decision.

NO, the RERA Act as well as the RERA Area applies to all real estate transactions. Be it an apartment you buy, a commercial office, a shop or a plotted development. In the act, the “apartment” word is mentioned as a single example to give clarity on the subject and avoid confusion by using multiple types of development and terminologies.

NO, the cost of the property in the old practice of super built-up area and now RERA Area is the SAME. Even the size of the Property will also remain the SAME. Only the method of buying/selling of property has changed for better clarity and measurable transparency.

YES, the RERA Area of the property you are buying is the same, but the facilities, features, parking, common area development type and size, and other value additions provided in the projects will always be different. Thus, the price points will be different. Based on these considerations one can compare and then decide to buy the property.

Box price of the property is the one single BASIC price you will pay for the apartment you are looking to buy.

YES, society maintenance cost, maintenance deposit, Stamp duty, GST and any other statutory taxes and duties applicable from time to time are to be paid over and above the Box price of the apartment.

RERA Area is easily available to verify on the respective RERA Authority website in your state of residence. All the project details along with the particular unit area you want to verify can be easily seen and verified before buying a property.

RERA Area is easily available to see in the brochure of the project, the website of the project, and all legal documentation of the unit when purchased [ i.e. Agreement to sale, Sale deed, Allotment letter, Booking letter………….] and verify the same on the RERA Authority website in your state of residence.

Nothing to worry. Only the method of selling/buying the property has changed and not the actual area of the property. You can visit your developer and they will be able to show and explain to you the old method of calculation and the new method of RERA Area. The legal documentation if executed buy you and also the RERA authority website would also have the RERA Area mentioned clearly for you to refer.

Only the method of selling/buying the property has changed and not the actual area of the property. You can visit your developer and they will be able to show and explain to you the old method of calculation and the new method of RERA Area. Additionally, the RERA authority website would have all the details for you to refer to and verify.

Not to worry. Old deeds have a general practice of mentioning the BUILT-UP area of the unit along with the super built-up area of the property in the legal deeds. You have to compare the Built-up area and RERA Area of the two properties you are making a comparison of while making a decision. The difference in both areas would be only due to the area of the external walls of the same property which is included in the built-up area, whereas in the RERA Area, it is not considered.

The built-up area includes the outer walls of the property when calculating area, whereas the RERA Area does not include the outer walls for the same property. Thus, the difference. Rest all the area remains same for a particular property.

A clearly verifiable area always gives better clarity, thus in the long run RERA Area would give better valuation clarity for the property. When comparing old areas based on super built-up or built-up, one can easily verify the actual physical area of the property, compare and based on that valuation can be easily derived.