Understanding the lingo used by real estate brokers may help you as a prospective homebuyer avoid costly mistakes that could hurt your chances of finding the ideal property. Brokers and realtors frequently use terms and phrases that leave us perplexed in their presence. Brokers and realtors frequently use terms and phrases that leave us perplexed in their presence. Actual Estate When purchasing a property, terms like carpet area, built-up area, and super built-up area typically escape our comprehension, or at least cause some uncertainty.
What exactly is a carpet area?
A carpet area is, to put it simply, the area of a flat that can really be used to spread a carpet. It excludes exterior common areas like elevators, stairwells, and lobbies. For a home buyer, this metric is the most helpful. The values of the property should be determined by the carpet area in accordance with RERA (Real Estate Regulatory Act). Since the carpet area only considers the inner walls’ thickness, it doesn’t count – Balcony, verandah, balcony, service shafts, and open terrace.
Comparing RERA Carpet area and Useable Carpet Area
RERA defines carpet area as “the net usable floor area of an apartment, excluding the area covered by the external walls, areas under services shafts, exclusive balcony or verandah area and exclusive open terrace area, but including the area covered by the internal partition walls of the apartment,” which is what we will refer to as RERA carpet area moving forward.
The useable carpet area of an apartment may be different from the RERA carpet area since it includes the inside walls of the apartment but excludes other features such as covered balconies, terraces, and other useable areas that are a part of the flat. The term “useable carpet area” refers to the total area that can be covered with a “carpet,” excluding walls.
Note – Normally, the carpet area makes up around 70% of the built-up area. For illustration, if the unit’s built-up area is 1300 square feet, your carpet should be about 900 square feet. The property’s dimensions are calculated by comparing one inner wall to another inner wall.
The space that follows the addition of the carpet and the wall is known as the built-up area. Remember that the wall’s area refers to the thickness of the inside walls of the unit, not it’s surface area. 20% of the total built-up area is made up of walls, which completely changes the perspective. It is simply the carpet area plus any other empty spaces, like the balconies, terraces, and flowerbeds. The built-up area also includes additional areas that are required by the authorities, such as a dry balcony, flower beds, etc.; these additional areas make up 10% of the built-up area. When you consider it, the useable area is just approximately 70% of the built-up area. The proportion may vary depending on the project or the developer, it should be noted.
Note – Built-Up Area = Carpet Area + Wall Area + Balcony Area.
Super Built-up Area
The total built-up area plus a pro-rata share of the common areas, such as a hallway, living room, lobby, etc., is known as the super built-up area, also known as the saleable area. This number increases if any of the facilities are also included. However, there are other ways to determine the saleable Area that significantly affect the final cost. More usable space inside the house does not necessarily equate to a higher super built-up area. What is covered? Flat’s built-up area, Clubhouses, an air duct, shaft/pipe ducts, Lift, staircases, lobbies a swimming pool a gym, Any more common amenities
As per RERA –
The RERA Act of 2016 mandates that builders inform customers of the carpet area and base price quotes solely on this information, NOT the super built-up area. The developer might provide the buyers with the carpet area to super built-up area ratio. The amount of space is determined by the carpet area to super built-up area ratio. A lower cost does not always equate to a better bargain. Before RERA went into effect, it was typical to base an apartment’s price on its super built-up area. But not any longer.
How is the super built area-up area calculated?
When the common area is known, the super built-up area: The amount of total space occupied by the common area must first be known in order to determine the super built-up area. Here are illustrations of how it is determined:
Assuming there are 10 apartments on a level and a total common area of 2800 square feet is covered by these apartments, one housing unit would have an area equal to the total common area divided by the number of units. 280 square feet each unit, or 2800 square feet, divided by 10 apartments.
Consider a floor with apartments that are 800, 1000, and 1200 square feet in size. If the common hallway and lobby are 1200 square feet, the super built-up area of a 1200 square foot apartment is 1,200 square feet plus 480 square feet (1,680 square feet), whereas the super built-up area of the smallest apartment is 800 square feet plus 320 square feet (1120 sq. ft).
Calculating Super built-up area https://qualitylifestyle.in/carpet-area-super-built-up-area-explained/
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