Q:According to rera, if all flats are sold on purely carpet area basis, how will balcony or pocket terrace be sold to owner? How will that be calculated legally?
Latest Answer: As stated in the circular, the terrace, veranda, external wall and the balcony will not come under the carpet area even it is exclusively dedicated to the flat owner whereas the internal partition wall will be included in the carpet area. This move by the Maharashtra RERA will bring consistency in the real estate sector and will bar developers from selling flats on the basis of the built up area.
Q:With demonetization, the property prices are expected to fall up to 30% and the builders are facing the heat. Therefore, this Act will become a crucial tool to protect buyers.https://lexcomply.com/blog/the-real-estate-act/
Latest Answer: i don,t think so that residential property prices slow down due to demonetization .the new real estate bill bring clarity for both property buyers and sellers and government also finding flexible method for solve the problems of real estate developers
