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, whats it? How to calculate it? Kindly give an example for better understanding.
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.
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.
It is needed to get an idea of how much are the built up, carpet and super built-up areas of houses/flats you are going to buy. If it is not clear dont hesitate to recheck and ask seller. The builders may mention anywhere from 65 to 85 percent of the super built area as carpet area. That means, if the price is quoted as 1,000 sq ft super built-up area, the carpet area could be anywhere from just 650 sq ft to 850 sq ft. If the builder or seller has not mentioned this kind of break up in the agreement, you can demand him to mention it in the sales deed.
Thanks all for making me understand the meanings of these terms. Can you tell me why is it useful to know these areas of any house or flat? Is it important to know?
1. Carpet area is the area enclosed within the walls, actual area to lay the carpet. This area does not include the thickness of the inner walls. It is the actual used area of an apartment/office unit/showroom etc.
2. Built up area is the carpet area + thickness of outer walls + balcony. Terrace. ApproxÂiÂmately, built up area of a unit is 10% more than its carÂpet area.
3. Super Built Up area is the built up area + proportionate area of common areas such as the lobby, lifts shaft, stairs, etc. The plinth area along with a share of all common areas proportionately divided amongst all unit owners makes up the Super Built-up area. In some cases it also includes the common areas like swimming pool, garden, clubhouse, and others.
Carpet Area- refers to the area of the apartment, excluding the area of the walls. Built-up Area comprises the apartment area as well as the area of the walls. Super Built-up Area- This term is used only when referring to multi-dwelling units. It includes the apartment area, the area of the walls and the area under common spaces like lobby, staircase, elevators, etc.
To tell you in simple terms, Carpet area is the area of your house where you can lay carpet. Means, the area within the four walls of your house. And Built up area is the carpet area+area used for the surrounding 4 walls. Super built up area is the area including the outside space used for corridor in front of your entrance, space near steps, etc.