Understanding Maharera’s Tolerance on Carpet Area in Real Estate Projects

Introduction: The Maharashtra Real Estate Regulatory Authority (Maharera) has introduced a significant guideline regarding the tolerance limit for carpet area in real estate projects. According to this regulation, the actual carpet area of an apartment can vary up to 3% more or less than the area mentioned in the agreement for sale. This tolerance limit aims to provide a reasonable margin for any minor deviations in the actual size of the apartment.

Example of 3% Tolerance: To better understand the implications of the 3% tolerance on carpet area, let’s consider an apartment with a specified carpet area of 100 square feet. With the tolerance limit of 3%, the actual carpet area can range from 97 to 103 square feet. This means that if the actual carpet area falls within this range, it is considered within the prescribed limit set by Maharera.

Advisory Note for Buyers: It is crucial for buyers to proactively check the carpet size of their apartment and compare it with the sale agreement. If the actual carpet area is found to be less than the prescribed limit of 3%, buyers have the right to seek a refund for the shortfall in area. On the other hand, if the actual carpet area exceeds the 3% tolerance limit, buyers are advised to seek legal advice and guidance for appropriate action against the violation.

Conclusion: Maharera’s introduction of a tolerance limit of 3% for carpet area in real estate projects aims to ensure transparency and protect the interests of buyers. This guideline provides a reasonable margin for any minor variations in the actual size of apartments. Buyers are encouraged to be aware of their rights, check the carpet size of their apartments, and take appropriate action if the area deviates from the prescribed limit. By staying informed and proactive, buyers can ensure a fair and satisfactory real estate transaction.