As a new homebuyer, there are several things one must consider, such as budget planning, home loan arrangements, location, developer, apartment size, amenities, paperwork, legal formalities, etc. In addition, you must have a proper understanding of different real estate concepts to be an informed buyer. One such concept is a flat's RERA carpet area, which is critical in real estate. This blog explains what RERA carpet area means and other relevant information in detail.

Know What is RERA Carpet Area in Flat and its Significance

Definition of RERA Carpet Area

Since the Real Estate Regulatory Authority's (RERA) introduction in 2016, a new terminology known as 'RERA carpet area' has emerged in the Indian real estate industry. What carpet area means - as per the definition provided under RERA Act's Section 2 (k) - is the net usable floor area of an apartment, excluding the area covered by the external walls, area 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.

Ever since RERA came into effect, real estate developers must compulsorily disclose what is RERA carpet area in flat. They can no longer use any other terminologies that may have been used before to calculate the apartment size.

RERA Carpet Area Inclusions:

• Living room
• Bedroom(s)
• Toilet(s) & Bathroom(s)
• Kitchen & Dining room
• Other rooms, if any
• The flat's internal partition walls

RERA Carpet Area Exclusions:

• Area of external walls
• Utility areas - exclusive balcony/verandah area / exclusive open terrace area
• The area under service shafts

Formula for the Calculation of RERA Carpet Area

Now that you know what RERA carpet area means, the following is an easy formula to calculate what is RERA carpet area in flat:

RERA Carpet Area = Net usable floor area of an apartment (excluding the external wall area, area under service shafts, exclusive open terrace area, exclusive balcony, verandah area) + Area of the Internal Partition Walls of the Apartment.

The Positive Impact of RERA Carpet Area

• It has eliminated unnecessary confusion among homebuyers since there's only one term to denote the apartment size. Aside from its inclusion of the internal wall area, the RERA carpet area gives a close enough estimate of the flat’s usable area that will be available to the occupants.
• It has ensured uniformity in the real estate industry's practices.
• It has made the Indian real estate market very transparent.
• It has helped build increased confidence and trust among investors and buyers.
• It has brought about fairness in property pricing.

Key Things to Note About RERA Carpet Area:

1. Before you finalise a property, ensure that your developer has specified not just the flat's configuration but also what is RERA carpet area of flat in the marketing brochures as well as in the sales agreement and deed.
2. In ready-possession properties, you won't find any discrepancies in the RERA carpet area size of the apartment you buy, since you are given exactly what the developer promises.

Conclusion

This blog attempts to educate you about what RERA carpet area means, so that you can gain more confidence as a buyer or investor. Understanding the concept thoroughly can give you an edge over other prospective buyers in the market. For expert insights, get in touch with K Raheja Realty - one of India's best real estate developers!