We often confuse with some common terminologies that seem to be explicit and clear. However, those terms/expressions differ from our actual perception and have a different meaning altogether. The following real estate terms- Carpet equipoise eq a prova d agua galas de sunga shows area, Built-up Area and Super Built-up Area stand in the same line. These are the conventional jargons often used by the real estate developers while purchasing a residential property to calculate the area occupied. There is a high chance that buyers would likely be hoodwinked with these calculative expressions if they aren’t clear.
Get to know these terms clearly to avoid such delusions. The basics of real estate are explained below for your better understanding.
Let’s begin with the Carpet Area. To put it simply, it is the space covered by a carpet inside the house. Carpet area is the actual utilizable area of an apartment, house, office or other commercial units excluding the wall thickness, utilities, balconies or terrace. It is generally around 70% of the built-up area which encompasses a bedroom, living room, kitchen, and other rooms. If there is a staircase inside the apartment, it is also included under the carpet area. Other common areas such as a lobby, lift, play area, clubhouse, etc. are excluded from this area.
RERA mandates the real estate developers to disclose the carpet area of an apartment/house based on which the price should be calculated. Therefore, check for the carpet area size of a house/apartment when you buy a house next time. This will help you get a clear picture of your personal space inside the house. Don’t be deceived by the builders who charge the house at the rate of the built-up area.
Next comes the Built-up Area.
If you add the wall thickness along with the area covered by carpet, then it is the built-up area of a house. Balconies and terrace are included in the built-up area. A conventional apartment/house comprising a living room, bedrooms, hall, kitchen, bathroom, balconies, shafts and utility area form the built-up area. Adding up about 10-15% of other spaces to the carpet area becomes the built-up area.
Let’s consider this example: if the built-up area of an apartment/flat is 1400 sq. ft. then about 30% of it (420 sq. ft.) constitute the wall thickness and balcony which is not usable, and the majority 70% (980 sq. ft.) is the actual usable area.
Finally, it is the Super Built-up Area.
Summing up the common areas and amenities such as lifts, lobbies, play area, park, clubhouse, staircases, shafts, etc. with the built-up area constitute the super built-up area of a house or an apartment. It is called the saleable area because developers charge a house/apartment based on this. It goes like this: if a developer charges Rs.3000 per sq. ft. of an apartment/flat which has the super built-up area of around 1300 sq. ft., then its base cost would be Rs.29 Lacs.
In a multi-story apartment, the super built-up area is calculated according to an apartment’s respective sq. ft. area. Considering the apartments (A & B) which have 1000 & 2000 sq. ft. area respectively and their total common areas about 1500 sq. ft. The share of common area for Apartment A is 500 sq. ft. and that of Apartment B is 1000 sq. ft. Adding up the common areas with the built-up area, then the super built-up area of Apartment A is 1500 sq. ft. and that of Apartment B is 3000 sq. ft. (Divided in the ratio of 1:2). The number of lifestyle amenities increases the super built-up area of an apartment/flat.
Here is another simple interpretation of these terms:
- Carpet area = Actual area covered by carpet – wall thickness
- Built-up Area = Carpet area + wall area + balcony
- Super Built-up Area = Built-up area + other common areas
It is indispensable to understand and know these real estate expressions to make your big decision while buying a house. If you are well aware of these, it becomes easier for you to get the best price quote from the developers.
Now that the basics of these real estate jargons are understood, you can now buy your new home giving value to your money.