Car parking is a top priority for homebuyers when it comes to the factors that influence their choices of properties. Finding parking in residential neighbourhoods has become a daily struggle. RERA has developed some rules to help clear up the uncertainty as there is a lot of misinformation in relation to parking spaces. I’ve provided a few RERA rules for parking allotment. Hence, before buying a property you should go through the RERA rules to avoid any confusion.
Can builder allot parking space?
High-rise societies do not have a comprehensive parking policy. In housing societies, parking spaces are considered common facilities. In addition to the real estate legislation, the regulations that control the construction of apartments in a number of States indicate that the car parking facility belongs to the common spaces and is not included in the floor area ratio given to the developer.
Parking spaces in a residential community, therefore, belong to all of the stakeholders, and a developer is not allowed to lawfully sell/allot them.
RERA rules for parking allotment:Builders are prohibited from selling or allocating open parking spots under Section 206 of the Real Estate Act.
According to the RERA Act, open parking spots constitute a part of the project's common area.
The open parking spaces must be transferred in the housing society's name and included in the deed of conveyance.
I’d like to conclude my answer here about the RERA rules for parking allotment. I hope this helps:)
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Can Builder Allot Parking Space?
Sahil
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2023-05-22T20:47:12+00:00 2023-05-22T21:22:04+00:00Comment
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