Thanks a lot Abhijit, We often see the advertisements flashing something similar to, Buy an apartment at just Rs 3500/sq-ft.!! but when we registered the flat the @3500/sq-ft. then it come to know that it is just the basic price, the actual price is much more than that. Is it true?
Hello Lekshmi Ji..... This is another term, which is not often used by builders. However, it is important to know this term. Simply put, loading factor gives you the % difference between the carpet area and super built-up area. Loading factor when added to 1 and multiplied by the carpet area gives the super built-up area. Thus, the formula is:
Super built-up area = Carpet area (1+ loading factor)
Yes, the loading factor is different in different cities. For example, in Bangalore it is anywhere between 25-30%. This means that the super built-up area is 25-30% more than the carpet area. In Mumbai, the loading is much higher than that of Bangalore. It is around 40% of the carpet area in Mumbai.
Well Dwarkesh, Built-up area is also known as plinth area. It is the total size of your apartment unit including walls, sit-out, balcony, terrace and utility. You can also take it as a area covered by a building on all floors including any cantilevered portion. It is usually consider 10% higher than the carpet area. This term may not be used as often as super built-area, yet, may be often confused with the latter.
Hahahaha.......no, i just follow the real estate market. I am just a common man like you. But we should have the knowledge of common terminologies as it often confuse.
Super Built-up area or Saleable area both are the same. This is one of the most commonly used term by the builder while describing the size of an apartment. Also called as saleable area, the super built-up area is the size of your apartment plus the common areas proportioned to the unit. These common areas may include swimming pool, community centre, gymnasium, clubhouse, lobby, staircase and lift. Open areas such as gardens, parks, play areas and terrace are also included in this. Hence,
Super built-up area:- Built-up area + amenities and common areas.
Yes it is true......when a buyer or an investor meet a builder or look at the project brochure, they will encounter different terminologies that describe the size of the apartment.
Carpet area:- it means the net usable floor area within a building excluding the area that is covered by the walls or any other areas specifically exempted from floor space index computation. This covers all the rooms in your house including kitchen, living room, bed rooms, bathroom and utility. Some builders tend to add the balcony as part of the carpet area while others do not. Hence, you should confirm with the builder about this.