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Noida Authority order: Will registration of flats by carpet area benefit homebuyers?

The Noida Authority recently mandated that registration of flats should be on the basis of their carpet area. The move may bring much-needed relief to homebuyers who had demanded that registration of apartments should not be determined by their super area, which allowed some developers to escalate the cost of a flat. However, to get the benefit of stamp duty calculation on the basis of carpet area, the state government must issue a notification, legal experts told Moneycontrol.

What is the new rule?

The new rule mandates the registration of flats on the basis of their carpet area instead of super area.

Source: https://www.moneycontrol.com/news/business/real-estate/noida-authority-order-will-registration-of-flats-by-carpet-area-benefit-homebuyers-7785781.html

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