To begin with, people struggle with one thing, car parking. Laws are very unclear when it comes to parking spaces. Buyers prefer a property with car parking over the property, which does not have any parking facilities. Car parking in the flat agreement is a very important part. This is important to avoid shelling out excessive.
The real estate act is not very clear when it comes to parking. You tend to pay a lot of money for parking slots and it totally depends upon the project. There is no guarantee that your parking slot will be available or not. As a builder, you must make sure that all the specifications regarding the parking space are there in the builder buyer agreement. It is important to note if the builder follows it accordingly.
Let us discuss the RERA rules for car parking.
Car Parking: RERA Rules
As per this act, the open parking spaces are actually a part of common areas. This also defines a garage as a place within a project having a roof, which also has walls on three sides for parking any vehicle. They should not include any uncovered parking space. There is no comprehensive policy related to the parking space in high-rise societies.
Buying a Flat
When you are buying a flat, you are often given two options. The first one is having open parking and the second one is having a covered pattern. It is important to know that residents do not have exclusive rights for open car parking spaces. Whoever comes first gets the parking slot. On the other hand, if you go for a covered parking slot, you will be given exclusive rights for that area.
As per laws, a builder should give parking space in a housing society but there are actually no standard rules related to allocation of this space. The law is not clear and builders cancel covered parking spots. This law also changes from every state to state.
According to the Supreme Court ruling, the developers of a residential apartment or commercial building must hand the parking area to the management organisation. It is important to know that all these committees should work in accordance to the people living in the society or in the commercial space.
Car Parking: The Struggle
Living in an area with many people has many advantages. It also has various disadvantages, as the struggle for the parking space is real. You should know that it is important to enquire your builder and property dealer about the parking space. This is an important step before taking the deal forward. You have more than one car or vehicle that you need to park? Make sure that you put it across and clear it with the builder beforehand. If you do not have a vehicle, you do not have to shell out money for the parking space.
Wrapping up
Always make sure that the rules and regulations are studied and adhered to. The laws might be unclear about the parking spaces which are given with properties. However, societies have their own rules with regards to it. To put in simple words, follow these rules and make sure that you study them before purchasing a house.
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