Delhi RERA To Mandate Carpet Area Disclosure, in Place of Super Built-Up Area in Property Ads

In a significant move to enhance transparency in the real estate sector, the Delhi Real Estate Regulatory Authority (Delhi RERA) is planning to announce new guidelines aimed at improving how builders market and advertise their real estate projects. Soon, the authority will make it mandatory for builders to advertise and sell properties based on the carpet area rather than the super built-up area.

This change comes in response to ongoing complaints from buyers who have found it confusing when developers promote properties based on super built-up areas instead of the actual usable space, the carpet area. The super built-up area includes the thickness of walls and a share of common areas, making it a larger figure than the actual usable carpet area. This often results in buyers paying for space that they cannot use.

Under the new guidelines, developers will no longer be able to market their projects using the super built-up area. Instead, they will be required to mention the carpet area, which is the actual area within the walls of a property that can be used by the residents. This change is intended to provide greater clarity to potential buyers, ensuring they know exactly what they are paying for.

The Real Estate (Regulation and Development) Act, 2016, already mandates that the carpet area should be disclosed by developers when marketing their properties. However, many developers have been bypassing this regulation and continue to market properties based on super built-up area. This has led to confusion and dissatisfaction among homebuyers, especially in Delhi, where the practice has been prevalent.

Delhi RERA has stated that it will impose heavy fines on builders found violating these new advertising guidelines. The authority has acknowledged the need for stricter enforcement of these rules to address the issues arising from the current marketing practices.

The Delhi RERA Chairman, Anand Kumar, emphasized that the new guidelines are necessary to bring transparency to the real estate market and protect consumers. He explained that there had been a significant number of complaints regarding the use of super built-up area in advertisements, and these new guidelines would help address the concerns.

Mr. Kumar, are further highlighted that new guideline is meant to ensure that buyers have a clear understanding of the actual size of the property they are purchasing, thereby addressing concerns about misleading or inflated area figures. This initiative is expected to enhance transparency and trust in property transactions, creating a positive impact for both buyers and developers.

Delhi RERA officials have also highlighted that these changes will help create a more reliable and transparent environment in the real estate market, which has often been criticized for misleading advertisements and unclear information. The authority’s move to enforce stricter compliance with these guidelines reflects its commitment to ensuring that real estate transactions are fair and transparent for all parties involved.

The implementation of these new guidelines is expected to encourage developers to follow the rules and provide accurate information in their advertisements. Buyers, on the other hand, can now make more informed decisions about their property purchases, leading to a more transparent real estate market in Delhi.