For example, in high-end projects, the builder gives facilities that are significantly more superior than the recommended standards and consequently therefore the possibility of using the available FAR for developing to an sale-able unit.
So,the developer puts finance pressure on buyers in the form of an increased base price and higher loading.
Hi James,
As per my knowledge, the loading factor is constantly figured as a percentage. This changes from project to project and cities to cites. For example in Delhi-NCR, it is 20%-40%, in Bangalore 20% to 30%. Similarly like in Chennai ,it is 25% to 30%. In Mumbai metropolitan region, loading factor is more than compared to other cities, 50%-60%.
Normally most of the builders or developers will not say the loading factor of a property while discussing with property buyers. This is because, the loading factor gives the real esteem for your investment. For an example, a builder offers a super built-up area of 1000 sq-ft and, the carpet area is 700 sq-ft. The additional that the builder is charging is equivalent to 300sq-ft. This is said to be the loading factor of the unit.
Like Sujan said, now let's calculate using the equation which is said to be correct where carpet area is utilized for calculation.
Carpet area x Loading Percentage = Loading Factor x 100,
Loading Percentage = (Loading Factor x 100)/ Carpet Area,
Where Loading Factor = Super built-up area - Carpet area,
Loading Percentage = (300 x 100)/ 700 = 42.85%.
The formula which is most common in the country, considers the super built-up area as against Carpet Area. And this brings down the Loading Percentage to a large extent which the buyer might feel is favorable to him. Using the same numbers given by Sujan previously, let's calculate:
Super built-up area x Loading Percentage = Loading Factor x 100
Loading Percentage = (Loading Factor x 100)/ Super built-up area,
Where Loading Factor = Super built-up area - Carpet area,
Loading Percentage = (300 X 100)/ 1000 = 30%.
Hey Guys, I am planning to buy an apartment. I want to know some basic things like loading factor, carpet area & super build up area. what is it? How to calculate it? Kindly give an example for better understanding.
Hi James, Carpet area is basically the floor area you get inside your apartment for using. In specialized terms, it is the aggregate area accessible in your flat where carpet can be placed, excluding utility ducts & walls. Carpet area incorporates space accessible in your kitchen,restroom, living room and different rooms. A few builders have a tendency to include the balcony in this carpet area while others don't.
The super built-up area incorporates the total built up area of the flat incorporating the carpet area, walls and common areas, for example lobby, gym, staircase, clubhouse, lift and community center etc. It incorporates open areas, for example, gardens, terrace as well as play areas in extent to the unit.
Hi James, Basically loading factor makes a relationship between the super built-up area as well as the carpet area. It is the factor which when added with 1 and then multiplied by the carpet area gives the super built area. The right equation for figuring loading factor is:
Super built-up area = Carpet area (1+ loading factor)
@ James, You must understand that the outset of Loading for a builder is to recover the expense of extra facilities that he is giving, for example, terrace lobby, generator room, lifts, Parking & maintenance room. Builder needs to recover the cost of area used.
Carpet area calculation is the area determined by wall to wall measurement inside a room. Area measurements made out side including the thicknesses of the walls is the plinth area.