With the new changes brought about by RERA, buying a house is now more transparent than ever. According to the RERA norms, the projects are required to disclose their actual carpet usable area, to provide accurate information about the space in their apartment. Now buyers will know the exact space that is allocated to them and the amount of space that is allocated to balconies and verandahs. RERA defines ‘carpet area’ as the ‘net usable floor area of an apartment, excluding the area covered by the external walls, areas 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’. The formula is
Carpet Area = Net Usable Floor Area + Internal Walls
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