"With no security to fall back on, what protection does a customer have if a developer defaults? Is this not encouraging a trend of building a hawa mahal (castle in the air)?"
- Deepak Parekh, Chairman, HDFC
Large apartments or bigger common area?
Average size of a new apartment (Jan-June 2009); Source: PropEquity
Common area refers to spaces in apartments that are set apart for use by all the residents. These areas generally include corridors, staircase head rooms, electrical rooms, watchmen’s rooms, gyms, common toilets, canopies, etc.
