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Can a Builder charge on the buildup area or the carpet area of property being purchased?
i had seen and chosen a property in new panvel the buildup area is 635 sqm.i don't know whether is right or wrong because builder charged total buildup area on rate of 3300/sqm.kindly suggest and advice also that he is asking the rate on paper 14Lac bal is in black money...pls suggest is it ok or not...B/rgds-Abhay K Shrivastava
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First Answer
The Builder must mention the "carpet area" of the proeprty in the agreement as per recent changes in the Law.
If you do pay in "black" please ensure that you pay atleast the municipal valuation of the property by cheque in the sale agreement
B Malani, on Oct 16 at 11:48 pm
