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PARKING UNDER RERA


 

PARKING provisions for residential projects are an important aspect addressed under the Real Estate Regulatory Authority (RERA) law. Here's an overview of how RERA regulates parking facilities:

1.    Mandatory Provision: RERA mandates that developers must provide adequate parking facilities for the residents of the project. The number of parking spaces to be provided is typically based on the size and type of the project, as determined by the local RERA regulations.

2.    Calculation of Parking Spaces: RERA specifies the minimum number of parking spaces required based on factors such as the number of residential units, unit size, and other relevant considerations. The regulations may also account for different categories of parking, such as open parking, covered parking, or basement parking.

3.    Common Area and Facilities: Parking spaces are considered part of the common areas and facilities within the project. Developers are required to disclose the details of parking facilities, including the number of parking spaces available, their location within the project, and any charges or allocations associated with them.

4.    Ownership and Allotment: RERA ensures that parking spaces are properly allocated and provided to the residents of the project. The ownership or allotment of parking spaces may vary depending on the specific arrangements set forth by the developer and approved by the local RERA authority.

5.    Separate Charges: In some cases, developers may charge separate fees or charges for the allocation or usage of parking spaces. Such charges should be disclosed to homebuyers in a transparent manner and should be in compliance with the regulations set by the local RERA authority.

6.    Compliance and Enforcement: RERA authorities are responsible for monitoring compliance with parking provisions and addressing any disputes or grievances related to parking facilities. Homebuyers can approach the relevant RERA authority if there are issues regarding the availability, allocation, or misuse of parking spaces within the project.

It's important for homebuyers to review the parking provisions specified by the developer and ensure that they align with the regulations set by the local RERA authority. By regulating parking facilities, RERA aims to provide adequate and convenient parking options for residents and prevent any unfair practices or discrepancies in parking allocation within residential projects.

 ADV LEENA KAULGEKAR

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