Legal Question in Real Estate Law in India

What is the meaning of Sale-able Area, iam from mumbai and my possessed house is going under redevelopment. Builder has mentioned in his proposed agreement a sale-able area figure which is my current carpet area, Hence i have a doubt that he is cheating me by using sale-able area term. According to me the term sale-able area is actually the superbuilt-up area. Please clarify by doubt.


Asked on 6/28/13, 3:27 am

1 Answer from Attorneys

Fca Prashant Chavan Expert Edge LLP

30.06.2013

Dear Sir / Madam,

You are very correct. The built-up area which includes wall thickness, door jams and open balcony is usually 15% to 20% more than the carpet area. Add to this figure another 10% to arrive at the super-built up area which includes the common passages inside the building.

Regards,

Read more
Answered on 6/30/13, 5:05 am


Related Questions & Answers

More Real Estate and Real Property questions and answers in India