Hi,
This query is specific to MahaRera, our building is going for redevelopment and builder will be giving us a new flat in the new building. During the discussions with Builder, the question came up if there is +/- area in the new building, how to handle this, I have below observations related to this and require your help in understanding the same
1. Our DA/PAA is mentioning a specific area (Rera Carpet), so that is what we should get
2. The plan would have been approved by BMC and project registered in Rera, so builder is duty bound to give us the agreed upon area
3. Incase of there is a deficit in our area, whatever the deficit is the builder has to compensate to the extent of the deficit
4. Incase the area increases (which ideally would not) we as buyers are not responsible to pay the builder
5. Some members mentioned that there is a +/-3% variance clause in Rera, which means if there is upto 3% deficit in area members won't be compensated similarly till if there is a increase in area upto 3% then members are not required pay, is this true
Would really help if you could help me understand this
Also is there any link where I could get the Rera Act documentation
