CARPET AND BUILT UP AREA TRAP

1. CARPET AND BUILT UP AREATRAP Today we talk about one TRAP - INCREASE IN SUPERAREA. No Cost EscalationClause? As a normal practice in NCR, Real estate developersoften enter concurrences with purchasers with "No Price Escalation Clause". So, when there is a cost increase due to delays and other issue, that is a standard, at that point very often builders are in a troublesome spot as they can't pass this information to the buyers by thisterms. As of now, developers have discovered alternative method for going around the "No Cost Escalation Clause" by expanding the "Super Area" of theProjects.

2. Builders do it with exemption amid a work in progress at the time of handover and so forth. This is a way that can be found by Real estate developers, probably in arrangement with Architects, which is utilized to the hilt by mostly all builders paying little attention tofamily. How does this Trapfunction! A purchaser booked a flat of size 1000 sqft in the year 2012. The developer accepts to deliver the same at a cost of Rs. 10, 000 for each sqft by the year 2017. By the date of finalization, the flat's area is expanded somewhere in the range of 75 sqft to 200 sqft concerning the manufacturer's level of trust in himself having the capacity to submitwrongs.

3. The purchaser is compelled to hack up an additional amount of this additional size anything from 75 sqft to 200 sqft at Rs. 10, 000 rupees each sqft. Not just this, apart from this the buyer will pay extra taxes, government costs, other society levy (assesses on them), stamp obligation due to expandedsize. So, in such a circumstance the customer is staying with no options as he/she has already paid almost 95% of the money, has eagerly waited for the product to be delivered before the committed date and legal help requires some seriousenergy. Are there any alternate options to make amove? The suggested steps of action in such a circumstance are as per the following. Raise the following questions from yourbuilder. When was,this expanded Area found? When were, the applicable experts informed of the same? What were the perceptions of the experts about thesame? What has been the relating increment in the CARPET and the BUILT-UP areaof the apartment. It is thus very necessary to ask the correct change in measurements that has occurred by this increase inarea? What was the extra material acquired to develop the extra area? What amount it exceed from the initialcapital?

4. Has the civil worker been paid per the expanded area? What has been the modification in the format designs given to him to doing thedevelopment? How has the expansion plan in the said area affected the in general FAR of the project? If this is happening anoverall increment in the FAR, has the same been regularized by the panel orexperts? If there is an expansion in the area has the same been approve by the importantReal estate companiesby getting the reexamined lay out plansauthorized? Generally, developers won't answer to these similarquestions and deviate the issue under the carpet. On the off chance that they neglect to answer on composed questions regarding the matter it is obviously a given that the ascent in zone is anunderhanded method to raise the cost and is making wrongful disappointments to the purchasers. The developers should when this happens turn around the charges so accumulated. What should be possible to escapethis? If possible, the buyers under such conditions should look for legitimate and administrative process. That they can approach the different government organization bodies for the violation of act, under customer security act etc. Gratefully the recently approved RERA likewise has also one option to keep an eye on this illegalmovement. Under this Act the developer must acquire written consent of 2 to3

5. purchasers to impact any such change. Henceforth the wronged purchasers can manage the state RERA body forredressal.