Apartment sale on carpet area basis only in Haryana IANS 0 The Haryana Real Estate Regulatory Authority on Tuesday said it has issued regulations for the sale of an apartment or a building in any real estate project on carpet area basis regulations only.
The Gurugram-based regulator warned that penal proceedings would be initiated against the promoter or the real estate agent violating the instructions.
The sale on super area basis shall be treated as fraudulent and an unfair trade practice by the promoter, said a statement quoting Chairman K.K. Khandelwal.
The conveyance deed shall be executed only on carpet area basis. The sale of apartment or building is only on the carpet area basis. So the sale of super area or any other basis is illegal, it said.