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Real Estate — Basics
Always ask for the carpet area (actual usable space inside walls) and calculate price per sq ft on carpet area, not super built-up.
Concept
Always ask for the carpet area (actual usable space inside walls) and calculate price per sq ft on carpet area, not super built-up.
Buying property involves: carpet area (usable space), built-up (carpet + walls), super built-up (built-up + share of common areas). Under RERA, builders must quote price on carpet area. Total cost includes: base price + stamp duty (4-8% by state) + registration (1%) + GST (5% for under-construction, 0% for ready) + maintenance deposit + parking.
हिंदी मेंProperty buying में: carpet area (usable space), built-up (carpet + walls), super built-up (built-up + common areas)। RERA में builder carpet area पर price बताना ज़रूरी है। Total cost: base price + stamp duty (4-8%) + registration (1%) + GST (5% under-construction) + maintenance + parking।
Example
See it in action
A flat advertised at ₹80L (1200 sq ft super built-up) actually has 850 sq ft carpet area. Real price: ₹94,118/sq ft on carpet vs ₹66,667/sq ft on super built-up. Plus stamp duty (₹4.8L) + registration (₹0.8L) + GST (₹4L) = total ₹89.6L — 12% more than the sticker price.
हिंदी में₹80L (1200 sq ft super built-up) flat — carpet area actually 850 sq ft। Real price: carpet पर ₹94,118/sq ft। Stamp duty (₹4.8L) + registration (₹0.8L) + GST (₹4L) = total ₹89.6L — sticker price से 12% ज़्यादा।
Key takeaway
Remember this
Always compare properties on carpet area price per sq ft, and budget 10-15% above the quoted price for stamp duty, registration, and other charges.
The "super built-up area" that builders quote includes common areas (lobby, stairs, garden) — you actually get 25-30% less usable space.
हिंदी मेंProperties हमेशा carpet area price per sq ft पर compare करें, और stamp duty, registration वगैरह के लिए quoted price से 10-15% ज़्यादा budget रखें।
Concept
Always verify a project's RERA registration number before paying any advance. No RERA = no legal protection.
RERA (Real Estate Regulation and Development Act, 2016) requires all projects above 500 sq m or 8 units to register. Key buyer protections: (1) builders must deposit 70% of collections in an escrow account, (2) carpet area must be clearly stated, (3) no plan changes without 2/3 buyer consent, (4) 5-year structural defect warranty, (5) penalty for delayed possession. Check your state RERA website for project details.
हिंदी मेंRERA (2016) — 500 sq m या 8 units से बड़े सभी projects को register करना ज़रूरी। Buyer protections: 70% collection escrow में, carpet area clearly बताना, plan change के लिए 2/3 buyers की consent, 5 साल structural defect warranty, delayed possession पर penalty। State RERA website पर project details check करें।
Example
See it in action
A builder promises possession in Dec 2025 but hasn't received OC (Occupation Certificate) yet. Under RERA, you can: (1) withdraw and get full refund with interest, OR (2) continue and claim compensation for the delay — typically SBI MCLR +2% per year on the amount paid.
हिंदी मेंBuilder Dec 2025 possession promise करता है लेकिन OC नहीं मिला। RERA में: (1) withdraw करें, full refund + interest मिलेगा, या (2) continue करें और delay compensation claim करें — typically SBI MCLR +2% per year paid amount पर।
Key takeaway
Remember this
RERA has shifted power from builders to buyers. Use it — check registration, report violations, and claim your rights.
RERA doesn't just protect against project delays — it ensures builders can't change the plan, must use 70% of funds for that project, and gives you a 5-year defect liability.
हिंदी मेंRERA ने power builders से buyers की तरफ shift की है। Use करें — registration check करें, violations report करें, अपने rights claim करें।
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