All set to purchase the dream home you were aiming for a long time? Before you go ahead with making the final booking, it’s important to be aware of a number of things in order to ensure that your valuable investment is worth it.
Other than the location, price, safety, and legality, the home itself must be scrutinized with an eagle’s eye. For doing the same, having knowledge of the various area sizes could help you make a well-informed decision.
We at Aspire Proptech believe in empowering the home-buyers by providing them the information which will help them in taking the right decision while purchasing their dream homes. As a step towards this initiative, we bring you information about different area sizes which are commonly used in real estate:
- Carpet Area
According to the Real Estate (Regulation and Development) Act, 2016, carpet area is defined as the net usable floor area of an apartment or house. It excludes the area occupied by the walls, area lying under services shafts or being occupied by a balcony, veranda or terrace. The area of the lobby or any space outside the main door is completely excluded from the measure of the carpet area.
It’s always important to know the carpet area of your selected home as research suggests that you spend more than 90% of your time inside your home. So, always opt for a home offering higher carpet area or usable area.
- Built-Up Area
The built-up area of a home or apartment is a sum of the carpet area and the wall area. The wall area does not mean the surface area, but the thickness of the inner walls of a unit. The area constituting the walls is generally around 20% of the built-up area. The built-up area also consists of other areas mandated by the authorities, such as a balcony, utility, private terrace, flower beds, etc. that add up to 10% of the built-up area.
Generally, the usable area is only about 70% of the Built-Up Area which implies that if you have Built-Up Area of around 1000 sft, you’ll have about 700 sft as your usable or carpet area. However, this varies from project to project.
- Super Built-Up Area
Generally, builders & developers quote the home or apartment prices at the super built-up area. It is derived by adding the built-up area and the common area, such as the lobby, the staircase, elevator shaft, common corridors to name a few. Some builders even include the area of swimming pool, gardens, gym or clubhouse in the super built-up area.
Homebuyers need to be extra cautious while purchasing their dream home as they might up paying a lot of extra money as the deal is on the super-built up area. It’s always advised to ask for the carpet area as that will give you a clear idea about what area you’re actually paying for.
Team Aspire is always committed towards offering the best value for money homes to aspiring home buyers. If you have any queries relating to the area sizes or you’re unable to decide which property is the best for your investment or anything else about real estate, drop us your query at firstname.lastname@example.org or reach out to us at +91 99022 78622 and we’ll be at your service.