Parking details must in allotment letter & sale agreement of flats: MahaRERA

In response to numerous grievances raised by buyers regarding parking space arrangements provided by developers, the Maharashtra Real Estate Authority (MahaRERA) has recently enforced a new regulation. This regulation mandates the inclusion of comprehensive parking information within the annexures of the Allotment Letter and Agreement for Sale.

The housing regulatory authority has received multiple grievances, including issues such as a building's beam blocking vehicle parking, inability to park vehicles in the designated area, doors that cannot be opened for exit, and insufficient maneuvering space. MahaRERA has taken these complaints seriously and has responded by issuing a standardized draft that includes an agreement for sale and an allotment letter. 

MahaRERA has released a standard draft clause outlined in the circular's annexure, to be incorporated into legal paperwork, containing comprehensive information on parking lot number, dimensions, location, etc. within the structure. This prescribed clause aims to avoid any confusion or disagreements in the future, and developers are required to append these specifics to both the allotment letter and sales agreement.

The Model Agreement for Sale, released in December 2022, now requires the inclusion of Force Majeure, Carpet Area, Defect Liability Period, and Transfer Agreement in all sale agreements. Additionally, parking has been designated as non-negotiable, and any alterations made without the consent of the homebuyer will not be recognized by MahaRERA.

Hence, MahaRERA emphasizes the importance of strictly following the circular and the standard draft clause, which provides comprehensive information about parking slots. By doing so, it aims to avoid any inconvenience or frustration that homebuyers may encounter regarding parking facilities after relocating to a new home.