I always had a query: can I buy a parking space? When I asked my legal friend, she said, parking spaces are common places within a building or society, hence it is illegal mostly to purchase one independently from a property. They are not suited for individual sales. She informed me of more details, which I have added below for you.
Can You Buy a Parking Space?
In India, buying a parking space is subject to legal and regulatory considerations, primarily governed by the Real Estate (Regulation and Development) Act, 2016 (RERA) and local housing laws.
Parking spaces are typically treated as part of the property’s common area, but certain exceptions allow for individual ownership.
Under RERA, open parking spaces are classified as common areas and cannot be sold separately by builders. These are collectively owned by the flat owners in a residential complex.
However, a builder may sell garage spaces or specifically demarcated covered parking areas as part of the sale agreement, provided it is mentioned in the property documents.
After a housing society is formed, the society usually regulates parking spaces. The housing society allocates parking to members based on availability and society policies. In most cases, society rules restrict the sale of parking spaces to non-members or outsiders.
Even if the parking space is sold, its ownership may be legally contested if it violates the governing laws or the rights of other flat owners. Buyers should ensure the parking space is mentioned in their sale agreement and property registration to avoid disputes.
Always consult legal experts and verify documents before making such a purchase. Your query for can you buy a parking lot should be solved.
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Can I Buy a Parking Space?
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2025-01-14T06:38:19+00:00 2025-01-14T06:38:20+00:00Comment
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