Mumbai: Developers might legally sell parking spaces

The proposed Maharashtra Housing (Regulation and Development) Bill includes some clauses regarding legalizing the sale of parking spaces. This entails that the total price of the flat shall include price of the limited common areas and facilities while parking space should be shown separately, to be paid by the flat's owner. Such measures will allow builders to legally sell parking spots and also curtail the practice of some people who after purchase of a property in a housing complex, later sell higher value.

 

As per a Supreme Court directive passed in 2010, parking space(s) cannot be sold separately as such space(s) forms part of common areas and facility and are not considered to be individual units. However, the  practice by which builders find a way around this ruling is by including its cost within the sales agreement and then asserting that the parking is free of cost.