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Apartment sale on carpet area basis only in Haryana

Apartment sale on carpet area basis only in Haryana IANS 0 The Haryana Real Estate Regulatory Authority on Tuesday said it has issued regulations for the sale of an apartment or a building in any real estate project on carpet area basis regulations only. The Gurugram-based regulator warned that penal proceedings would be initiated against the promoter or the real estate agent violating the instructions. The sale on super area basis shall be treated as fraudulent and an unfair trade practice by the promoter, said a statement quoting Chairman K.K. Khandelwal. The conveyance deed shall be executed only on carpet area basis. The sale of apartment or building is only on the carpet area basis. So the sale of super area or any other basis is illegal, it said.

Haryana real estate regulatory authority onHaryana real estate regulatory authorityReal estateஹரியானா ரியல் எஸ்டேட் ஒழுங்குமுறை அதிகாரம்ரியல் எஸ்டேட்

Sale of apartment or building to be done on basis of carpet area, rules HRERA

1058 Tribune News Service Chandigarh, April 27 The Haryana Real Estate Regulatory Authority (HRERA), Gurugram, has termed the sale of property on super area as “fraudulent and unfair trade practice” asserting that the sale of apartment or building would be done only on carpet area. Addressing a press conference, KK Khandelwal, Chairman of HARERA, asserted that the definition of super area as provided in various builder-buyer agreements was vague and there were wide variations in the definitions. “The practice of sale of real estate on super area basis is misleading, ambiguous, opaque and gives rise to confusion and complexities and at times result into avoidable litigation,” he said.

Sameer kumarHaryana real estate regulatory authorityTribune news serviceTribune newsReal estateஅதே குமார்ஹரியானா ரியல் எஸ்டேட் ஒழுங்குமுறை அதிகாரம்ட்ரிப்யூன் செய்தி சேவைட்ரிப்யூன் செய்திரியல் எஸ்டேட்

Haryana rules sale of apartments on super area fraudulent and unfair

1957 Tribune News Service Chandigarh, April 27 The Haryana Real Estate Regulatory Authority (HRERA), Gurugram, has termed the sale of property on super area as “fraudulent and unfair trade practice” asserting that the sale of apartment or building would be done only on carpet area. Addressing a press conference, KK Khandelwal, Chairman of HARERA, asserted that the definition of super area as provided in various builder-buyer agreements was vague and there were wide variations in the definitions. “The practice of sale of real estate on super area basis is misleading, ambiguous, opaque and gives rise to confusion and complexities and at times result into avoidable litigation,” he said.

Sameer kumarHaryana real estate regulatory authorityTribune news serviceTribune newsReal estateஅதே குமார்ஹரியானா ரியல் எஸ்டேட் ஒழுங்குமுறை அதிகாரம்ட்ரிப்யூன் செய்தி சேவைட்ரிப்யூன் செய்திரியல் எஸ்டேட்

Welcome To IANS Live - LatestNews - Apartment sale on carpet area basis only in Haryana

Welcome To IANS Live - LatestNews - Apartment sale on carpet area basis only in Haryana
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Apartment sale on carpet area basis only in Haryana

Apartment sale on carpet area basis only in Haryana
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Haryana real estate regulatory authority onHaryana real estate regulatory authorityReal estateஹரியானா ரியல் எஸ்டேட் ஒழுங்குமுறை அதிகாரம்ரியல் எஸ்டேட்