Recently my neighbour wanted to sell their parking space. He asked me, can flat owner sell parking space? I clearly said as far as I know, no, a flat owner cannot sell their designated parking space separately as it is part of the common area within the building. But, when I researched, I found it depends.
Can I Sell My Parking Space in India?
Usually, the answer is No. Here are the details I found and later informed my neighbour.
In India, laws like the Real Estate (Regulation and Development) Act, 2016 (RERA), and local housing regulations govern the sale of parking spaces.
Selling your parking space depends on its ownership status and the rules of the housing society or complex.
Parking spaces in most residential complexes, as I already mentioned, are common areas under RERA and belong collectively to all flat owners. In short, separate sale of parking spaces is not permitted unless the property deed explicitly identifies them as garages. If you sell such a space, you may violate housing society rules.
I would suggest you better consult a legal professional or your society committee to get the exact details.
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Can I Sell My Parking Space?
monu
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4 months
2025-01-14T06:42:49+00:00 2025-01-14T06:42:50+00:00Comment
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