Carpet Area
A complete guide to what "Carpet Area" means in real estate and how it applies to property transactions in India.
Definition
Carpet area is the net usable floor area of an apartment, measured from the inner surfaces of the walls. It includes the area of bedrooms, living room, kitchen, bathrooms, and balconies but excludes the thickness of walls, common areas, and service shafts.
Use of Carpet Area in Real Estate
Under RERA (Real Estate Regulation and Development Act, 2016), developers in India are required to sell residential units based on carpet area, not super built-up area. This ensures transparency and prevents developers from inflating the area. Carpet area typically accounts for 65-75% of the super built-up area. Homebuyers should always compare properties on a carpet area basis for accurate price comparisons.
Key Takeaway
Understanding "Carpet Area" is essential for making informed real estate decisions. Always consult a qualified professional for advice specific to your situation.
Disclaimer: This glossary is for educational purposes only and does not constitute legal or financial advice. Definitions may not reflect the most current regulatory changes. Please consult a qualified professional for guidance specific to your transaction.