Understanding the Difference Between RERA Carpet Area and MOFA Carpet Area:
Greetings from the fascinating world of real estate purchasing! It is important to comprehend the various phrases used in the real estate sector when it comes to buying a house. In addition to RERA Surface and MOFA Surface, two other important terms are Built Surface, Super Built Surface, and Final Surface. Each of these terms represents different measurement standards for determining the area of a property. In this blog, we will explore the differences between RERA Surface, MOFA Surface, Built Surface, and Super Built Final Surface, highlighting their definitions, their implications, and their importance for real estate buyers and developers.
Defining RERA Carpet Area:
Surface RERA, a concept introduced by the Real Estate Regulation and Development Act, aims to regulate the real estate sector in India. The RERA Surface represents the net usable area within the walls of an apartment, excluding the thickness of the exterior walls, common areas, and other areas defined according to the RERA guidelines. It illustrates the real area that the buyer can exploit inside the apartment. It is like a personal space, where every square meter counts to create a welcoming and functional home.
Understanding the MOFA Surface:
The MOFA Surface, applicable specifically in the state of Maharashtra, is defined by the Maharashtra Condominium Apartments Act. The MOFA Surface includes the net usable area inside the walls of the apartment, as well as the thickness of the exterior walls and balconies. The MOFA Surface tends to be larger than the RERA Surface as it incorporates the extra space occupied by the exterior walls and balconies. It is a generous space that offers more possibilities for development and appreciation of external views.
Understanding Super Built-up Area:
The Built Area refers to the total area of a property, encompassing both the RERA Surface and MOFA Surface Areas of the apartment and the thickness of the walls. It represents the actual usable space inside the apartment, including the different rooms, bathrooms, kitchen, and corridors, as well as the surfaces occupied by the walls. By understanding the Built Area, buyers can have a more complete view of the space available in the property, which can help them plan the interior layout optimally. However, it is important to note that the Built Area may vary depending on local regulations and practices of real estate developers, it is therefore essential to consult the specific specifications provided by the developer or seller to obtain a precise estimate of the Built Area of a given property.
Exploring Final Carpet Area:
The Super Built Surface, also known as Surface Sale, represents the total built area of an apartment, walls, balconies, and common areas such as corridors, entrance lobbies, stairs, and other shared spaces. It contains the space allotted proportionally to each flat in accordance with their unique Surface, as well as shared utilities. A comprehensive picture of the area offered to buyers, encompassing both their private space and common places, is provided by The Super Built Surface. It is used to determine the total cost of the apartment and to assess the extent of available space, including shared facilities, that contribute to the comfort and convenience of residents.
Implications for Property Buyers:
Real estate buyers must have a thorough understanding of the many types of floor space since it will directly affect how much usable space they will have in the purchased property. The MOFA Surface includes the additional area used by the exterior walls and balconies, but the RERA Surface provides the most realistic portrayal of the actually usable surface inside the apartment. Walls and communal spaces are included in the Built Surface and Super Built Surface, along with other components of the property. However, to indicate the exclusive useable surface, the Final Carpet Area subtracts the proportional share of communal areas. Buyers should consider all these aspects and make sure they are aware of the numerous safeguards offered by the developer when evaluating a home. This enables them to make an informed decision and ensures that the available space meets their specific needs and expectations.
Significance for Property Developers:
Real estate developers must comply with the regulations and guidelines regarding ground surface measurements in order to maintain transparency and avoid legal problems. The RERA has brought greater responsibility in the real estate sector, ensuring that the advertised floor area corresponds to the area usable inside the apartment. Developers must accurately calculate and disclose the RERA Surface, MOFA Surface, Constructed Surface, Super Constructed Surface, and Final Carpet Area in their marketing materials and contracts. Compliance with these standards helps build trust with buyers and mitigate the risk of litigation or legal complications. Developers who meet these standards demonstrate their commitment to buyer satisfaction and strengthen their reputation in the real estate market.
Conclusion:
Understanding the different types of floor surfaces such as RERA Surface, MOFA Surface, Built Surface, Super Built Surface and Final Carpet Area is essential for buyers and developers. Each measurement standard represents different aspects of the property and has an impact on the usable space available to buyers. The RERA Surface offers the most accurate representation of the usable surface, while the MOFA Surface includes exterior walls and balconies. The Built Area includes the space occupied by the walls, while the Super Built Area also includes the common areas. The Final Carpet Area deducts the proportional share of common spaces to represent the exclusive RERA Surface and MOFA Surface.
FAQs,
1. What is the difference between RERA Carpet Area and MOFA Carpet Area?
Ans: External walls and common areas are not included in the RERA Carpet Area, whereas they are in the MOFA Carpet Area.
2. Which legislation does MOFA Carpet Area refer to?
Ans: The Maharashtra Ownership Flats Act, or MOFA Carpet Area, is only applicable to the Indian state of Maharashtra.
