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Residential
Introduction :
- What does Carpet Area mean?
The carpet area refers to the space in a house or apartment that can be carpeted. It is also referred to as the "net usable area" and includes the internal wall's thickness but not the balcony or patio. If the staircase is located inside the house, it is included. All builders are now required by the Real Estate Regulation and Development Act (RERA), 2016, to sell properties according to their carpet area.
- How to calculate Carpet Area?
Carpet area is calculated as follows: Area of Bedroom(s) + Area of Living Room(s) + Area of the Toilet(s) + Thickness of the Internal Walls
The thickness of the property's exterior walls, elevators, the verandah area, the balcony, etc. are not included in the carpet area. Simply add the areas of each living room, bedroom, and bathroom to determine the carpet area of a home.
- What does Built-up Area mean?
The total carpet area, interior wall area, terrace area, hallway area, balcony area, flower bed area, etc. make up the built-up space of your apartment or flat. In Indian apartments, the interior walls and balconies take up close to 30% of the total living space. This means that even if the developer claims that the unit has a built-up area of 1000 square feet, its total carpet area will not be larger than 700 square feet.
- How to calculate Built-up Area?
Built-up area is calculated as follows: Carpet Area + Balcony Area + Open Terrace Area + Exclusive Corridor Area + Exterior Wall Thickness.
What does Super Built-up Area mean?
The super built-up area refers to the overall size of the property, which includes shared spaces such elevator lobbies, hallways, staircases, clubhouses, and other amenity areas. This is also sometimes referred to as the property's saleable area. You could or might not be charged by sellers for shared venues.
- How to calculate Super Built-up Area?
Developers utilize 1.25 as a multiplier for calculating super built-up area since it takes common areas like elevators, verandas, clubhouses, etc. into account. This results in a 25% increase in the total saleable area. We refer to this proportion as loading. Very few developers typically use loading factors when calculating saleable area. For instance, if the builder adds a loading of 30% and the carpet size is 600 square feet, you will need to pay for 780 square feet even though you are only utilizing 600 square feet.
- Importance of Carpet Area
The area calculation and the amount of room you would receive for the money you spend buying the property are crucial. Evidently, the price increases as the size of the place increases. Similar to this, costs decrease as space is reduced. Builders are now required by law, as a result of RERA, to mention the carpet area when calculating price units. While developing an under-construction project, provisions have also been created for changes in its measurement. If the carpet area is lowered during construction, the builder will need to reimburse the customer for the excess money within 45 days along with an annual interest. In the event that the carpet area increases, the developer can also ask the buyer to pay the excess amount. However RERA cops the upper limit of the increase in the carpet area at 3%.
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