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Property Related Laws Maharashtra Ministry of Housing and Urban Affairs Real Estate (Regulation and Development) Act, 2016

Clarification issued with respect to definition of Garage, Covered Parking Space and Open Parking areas

30-Jul-2021 | MahaRERA/Secy/File No. 27/152/2021

Maharashtra Real Estate Regulatory Authority has issued clarification with regards to definition of Garage, Covered Parking Space and Open Parked areas and it has stated that:
i. Open parking areas are provided free of Floor Space Index (FSI);
ii. Promoters are not entitled to sell / allot open parking areas for monetary consideration;
iii. Open parking areas, garage and covered Parking space should be specifically marked and numbered at the real estate project site in accordance and as per approved / sanctioned plans and tagged to the apartment to which it is allotted; and
iv. Garage and/or covered parking space when sold/allotted for monetary consideration, the type, numbers and size as well as the place where such garage or covered parking space is situated should be mentioned in the Agreement for Sale being entered into and the plan showing the exact location / allotment along with the particulars as aforesaid should be
annexed to the Agreement for Sale.

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