From RERA to Carpet Area; 6 essential Real Estate terms every homebuyer in India must know

Carpet area is among the commonly used or heard words in the world of real estate. Many often get confused whether it’s the actual area of the home or something else. So according to the Real Estate (Regulation and Development) Act (RERA), carpet area is the net usable floor area inside the apartment. It is the space where you can actually lay a carpet. Carpet Area includes living area, bedrooms, kitchens and bathrooms. But it does not include balconies, terraces, walls, and common areas such as staircases or lifts. It is important to know the property’s carpet area because under RERA, builders are needed to sell property based on carpet area, not super built-up area.