The terms used by developers and real estate agents often leave us confused! So if buying a home is on the cards, you must remain alert right from the outset to ensure you know what you are getting into, especially when it concerns the specifications of the house. The whole idea is for you to grab the best deal.
One must bear in mind that the price of any home is dependent on its saleable area. There are several ways to calculate and interpret this area – this can have a significant impact on the actual size you get as well as the total price of the house. It becomes important to be familiar with some common terms used in this sector before you embark on the hunt for your dream home.
Carpet area
As the name suggests, this refers to the area that can be covered by spreading a carpet inside the house. In other words, it is the net usable area of the house. The thickness of the internal wall is included, but the balcony and terrace is excluded. The RERA (Real Estate Regulation and Development) Act guidelines have made it mandatory for developers to reveal the exact carpet area of any dwelling unit. This determines the actual cost of the house.
Built-up area
This is another common terminology used frequently in this sector. It refers to the comprehensive area that is derived as the sum of the carpet area and the thickness of the inner walls in a house. The area covered by the balcony or terrace is also included in this calculation. Usually, 70% of the built-up area is the carpet area. Conversely, adding 20-30% to the carpet area gives you the built-up area. For instance, if the built-up area is 1,200 sq ft, it implies around 30% is not usable. So what you actually get is the remaining carpet area of approximately 840 sq. ft.
Super built-up area
The sum of the built-up area and the space occupied by the common areas like the lobby, staircase, elevators, clubhouse, etc. constitute the super built-up area. The builder charges you on the basis of this area, and it is commonly referred to as the “saleable area”. Remember, the higher the ratio of carpet area to the super built-up area, the more space you get inside your flat!
Arrjavv: Building trust
In the constantly evolving real estate space, it is essential for you to buy your preferred homes only from reputed developers to avoid any ambiguities. For example, if you purchase your home from a top-of-the-line builder like Arrjavv, everything about the house as well as the buying process will be explained to you in detail. You will exactly know the specifications of your new home before you step in into it. The Group had made a name for itself for its sincerity and transparency – right from building unmatched quality of homes till the seamless purchasing and acquisition by the happy home-buyers.