While buying homes, buyers should know the different types of real estate jargon and what they mean. One of the most common factors that decide the price is the total area of the house. Real estate developers may use varied measuring terms such as Carpet Area, Built-up Area, Super Built-up Area, etc. In this article, we will simplify these terms to give you a better understanding of what you are paying for and how to calculate each of them.
Knowing these terms helps potential buyers to be in a better position to make real estate investment decisions. Let us look at each of these in detail.
What is Carpet Area?
The actual usable space inside the apartment or unit’s walls is known as the carpet area. The term “carpetable area” refers to the space that can be covered by a carpet. The living area, kitchen, bathrooms, and bedrooms are all included in this measurement. The carpet area is frequently regarded as the most important of the three because it represents the actual area that the buyer will use.
A simple formula to calculate the Carpet Area of a property is as follows:
Carpet area = (Area of bedroom + living room + kitchen + balconies + toilets) — the thickness of the inner walls.
What is Built-up Area?
The term “built-up area” applies to both the carpeted area and the thickness of the apartment’s walls. It is also referred to as the foundation region. Because it accounts for the space the walls fill, the built-up area is larger than the carpet area.
As explained above, the Built-up Area is calculated by adding the Carpet Area, exterior wall areas, corridors, and balconies (if any).
Built-up Area = Carpet Area + Exterior and Interior Wall Areas + Terrace and Balcony + Corridor (if any)
What is Super Built-up Area?
The term “super built-up area” describes a space that includes both the built-up area and the proportionate area of shared spaces like the lobby, stairwell, lift, etc. It also includes the amenities offered within the structure, such as the pool, gym, community center, etc. The biggest of the three measurements also referred to as the saleable area, is the super built-up area. It is important to remember that the super built-up area encompasses areas that the buyer may not necessarily use.
This is calculated by adding the carpet area and the proportionate common areas. The calculation of this area is a bit more complicated than the others as the proportion is decided by the real estate developer. It is sometimes calculated by adding the carpet area and 1 + loading factor. The loading factor is the difference between the super built-up area and the carpet area.
Shapoorji Pallonji provides complete assistance to homebuyers looking for new properties through consolidated pricing details and floor plans which enable buyers to understand the total value of the property. Some of the ongoing projects by Shapoorji Pallonji in the country are:
- BKC 28 in Bandra, Mumbai
- Vanaha in Bavdhan, Pune
- The Designate in Khar-Santacruz, Mumbai
- Northern Lights in Pokhran, Thane
- Vicinia in Chandivali-Powai, Mumbai
- Parkwest in Binnypet, Bangalore
- SP Residency in Phursungi, Pune
- Shukhobrishti in New Town, Kolkata
- Joyville Virar in Vasai-Virar, Mumbai
- Joyville Sensorium in Hinjawadi, Pune
- Joyville Hadapsar Annexe in Hadapsar, Pune
- Joyville Gurugram in Gurugram
- Joyville Western Heights in Howrah, Kolkata
Originally published at https://realestateandepc.wordpress.com on March 23, 2023.
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