The Real Estate (Regulation and Development) Act, 2016 is an Act of the Parliament of India that seeks to protect homebuyers as well as help boost investments in the Real Estate industry. The Act establishes a Real Estate Regulatory Authority (RERA) in each state for regulation of the Real Estate sector and also acts as an adjudicating body for speedy dispute resolution.
The RERA Act creates a foundational structure through which the entire Real Estate sector functions. By virtue of the act, the GUJRERA [in the case of Gujarat] sets principles, procedures, standards, monitors, and regulates the development of Real Estate in the state of Gujarat.
CREDAI developers have begun selling properties according to RERA Area regulations, ceasing the old practice of super built-up areas. Amid this transition, CREDAI Ahmedabad GIHED established a webpage to elucidate the saleable areas under the RERA Act 2016. The aim is to offer a lucid understanding for all Real Estate stakeholders, be they consumers, investors, channel partners, legal advisors, developers, or enthusiasts. This initiative addresses various questions arising during the shift, ensuring clarity and simplicity for those engaging in Real Estate transactions.
Basic Understanding of
Difference Between
Super Built-Up Area (સુપર બિલ્ટઅપ Area) & RERA Carpet Area (RERA કારપેટ Area)
RERA Area =
RERA Carpet Area +
Balcony +
Wash
Super Built-Up Area =
RERA Area (RERA Carpet Area + Balcony + Wash) +
Proportionate area of all Common Development
RERA Area =
RERA Carpet Area +
Balcony
Super Built-Up Area =
RERA Area (RERA Carpet Area + Balcony) +
Proportionate area of all Common Development
RERA Area =
RERA Carpet Area +
Balcony +
Wash
Super Built-Up Area =
RERA Area (RERA Carpet Area + Balcony + Wash) +
Proportionate area of all Common Development
RERA Area =
RERA Carpet Area +
Balcony +
Wash
Super Built-Up Area =
RERA Area (RERA Carpet Area + Balcony + Wash) +
Proportionate area of all Common Development
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