It is no secret that trying to purchase an apartment means jumping through a whole lot of hoops. There are various hidden charges, a lot of legal jargon, and many specific terms which need to be understood. One of these is Undivided Share of Land or UDS.
What is UDS?
Undivided Share of Land (or UDS) is the land that is allotted within the residential development when one purchases an apartment. This share of land has no defined boundaries and is associated with every flat that makes up the apartment complex.
Often, while purchasing a home, especially an apartment, buyers tend to refer to the built-up area to analyse the cost of the home. However, the UDS is the most crucial factor in determining the true worth of the home.
Over time, the value of the building itself depreciates but the value of the land the building is built on (i.e. the UDS) appreciates. Therefore, if the building is demolished or acquired by the government, the compensation to be given to the flat owner is calculated based on the UDS of the flat and not just its built-up area. Additional features such as owning a parking spot can add to the UDS of your apartment, thus increasing its value.
How is UDS calculated?
UDS is a ratio between the amount of space occupied by one flat to the total number of flats in the development. To calculate UDS, one must divide the area of one flat (in sq. ft.) by the total area occupied by all the flats in the building (in sq. ft.) and multiply that by the total land area of the development.
Why is UDS important?
Ideally, the UDS should match or be 1.5 times that of the built-up area of your flat. However, there is no authority in place to enforce such regulations. Thus, it is important that you ensure that this is followed since remuneration in case of redevelopment depends on the UDS of the flat. The UDS of every flat is usually mentioned in the Agreement for Sale. In case it is missing, the buyer can question the builder about the same.
Knowing the UDS of the flat is essential while purchasing an apartment. To this end, one must ensure that the builder and developer of the flat is trustworthy and transparent. Shapoorji Pallonji Group’s brand – Joyville Homes – is committed to ensuring complete transparency and quality construction to residents. Joyville Homes provides well-designed, affordable housing all over the country.
Visit https://www.joyvillehomes.com/ to learn more about these projects and their specifications.
