Rs , sq ft

Removed from Shortlist

My Shortlist ()
Keep track of your shortlisted properties here. Shortlist a property to get started.

Why the builder has calculated the Super Build-up Area as 1.6?

Q: I am buying a newly constructed flat in Naigaon East in Mumbai.
To calculate the cost of the balcony area, the builder has given me a formulae which is as below:
Cost of area = Area x 1.6 x 50% x Per sq.ft rate
Can anyone please help me with this 1.6?
I really can't understand this calculation.
Thanks,
Vinod
Replies (3)
1
Thanks for the explanations Sir.
Vinod Jaiswal


2
Hi Vinod,
According to the DCR amendments, balconies, flower beds, terraces, voids and niches would be counted in the floor space index. The requirement under the new rules would be only 1.6 mtrs open space on all sides of plots measuring 600 sq-mtrs or less.
Shantanu Kumar


So basically, I can't do anything about it.
28th January 2016


Yes, you can ask the builder to use the correct method of calculation instead of wrong method. If they are no agree then stay away from such project. Thanks..
Shantanu Kumar,  Mumbai
10th February 2016


3
Hi Vinod,
This is the trick used by builders/developers, when they say you can find carpet area by applying loading factor on the saleable area.
Suppose saleable Area= 1200 sq ft
Loading Factor= 25% (or 1.25)

Wrong Method (favours seller)
Carpet Area= 1200 x (100-25)% = 1200 x 75% = 900 sq ft
If you apply 1.25 or 25% loading, saleable area should be 900 sq ft + 900 x 25% = 1125 sq ft
As you can see under this method builder is charging you for 1200 - 1125 = 75 sq-ft more

Right Method (favours buyer)=
Find carpet area first by measuring actual dimensions, and then apply loading factor
Saleable area = 900 sq ft + 900 x 25% = 1125 sq-ft
Shantanu Kumar


You should also keep in mind that Balcony defines open area with roof (slab at floor height), attached to the main unit that buyer has exclusive rights to use and resell (with the main unit). Generally balcony area is added to total carpet area. FSI is applicable to balconies.
Sunil Joshi,  Mumbai
28th January 2016


4

Ask a Question
120 Characters Left











    CommonFloor Property Search Mobile App now available on Android, iOS and Windows!