Last Updated on 1 year by ChennaiRealties
How the Saleable Area of an Apartment is Calculated
A buyer of an apartment should understand the meanings of these terms: Carpet Area, Plinth Area, and Super Built-Up Area. There may not be any difficulty in understanding the meanings of Carpet Area and Plinth Area. But it is the concept of Super Built-up area that is causing heartburn and misunderstandings.
Carpet area is the area within the walls of your home. In simple terms, if you have to lay out a wall-to-wall carpet in the entire home, the area covered would be the carpet area. This, of course, includes the Balconies and Sit-outs. In other words, it is the area within the main door of the flat.
The built-up area or Plinth area is Carpet Area plus the area the walls occupy in your home.
Super Built-Up Area
The super built-up area takes into account the common areas. Examples are apartment’s proportionate share of the lobby, staircase, elevator and the corridor outside the apartment. When it comes to the super built-up area, there is confusion about what all can be included in it. Some builders may even include the terrace, security room, electrical room and pump room. Promoters arrive at Super Builtup area by adding the proportionate share of the Common Areas. Buyers pay for the Super Built-up Area. So, it is necessary to clear even before paying the advance the bifurcations for the Super Built-up area. Enquire with other Sellers. You can calculate the percentage that is added to the Carpet Area as Super Built-up Area. There is no hard and fast rule about how much and what are the areas the builder can charge their customers. It all depends upon the market forces, in the last count. Make enquiries with other builders in the area to get an idea about the practices prevailing in that area. Request for Area Statement. Before entering into an agreement, ask for a detailed Area Statement from the builder which will show the break-up.
The Real Estate Regulation Act The Real Estate Regulation Act is recently passed by Parliament. It proposes to put an end to this practice. It makes it compulsory for the builders to charge only for the Carpet Area and not for the ambiguous Super Built-up Area.