the Uttar Pradesh Real Estate Regulatory Authority
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Related Articles from SNS
Plenty of homes, no shortage: Why UP RERA is cautioning property buyers
Uttar Pradesh's real estate regulator said more than 1.15 lakh residential and commercial units are currently available for sale across the state, pushing back against claims of a supply shortage and cautioning buyers against making rushed investment decisions. In a statement issued this week, the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) said the current inventory levels suggest that homebuyers and investors have ample options available across different property categories...
UP RERA says carpet area is what counts, not super built-up area; here's why it matters
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) on Wednesday cautioned homebuyers against relying on super built-up area figures while purchasing flats, saying carpet area which makes the actual usable space inside a residential unit, should be the basis for any buying decision. UP RERA said the Real Estate (Regulation and Development) Act, 2016, mandates carpet area as the “standard basis” for disclosure and sale of apartments. Developers are required to list the number, type...