Weaving through the Jargon!

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We all have heard the terms super area, carpet area thrown around in advertisements and if we have bought a property in the past, we would know that there is a big difference between what is advertised and what we actually get. Lets try to make sense of the various terms that we hear:

Carpet Area: Simply put, carpet area is the area where we can spread a carpet. To get a bit technical, it means the area calculated from inner wall to wall distance inside the house. This also includes the steps if any inside the house.

Built up Area: Built up area is everything that carpet area is, and we also add the area covered by the walls, the ducts and part of the terrace. As a thumb rule, this is usually 10% more than the carpet area.

Super Built up Area: This is the term most thrown around and is used by developers to charge based on square feet. This is Built up area, and we add all the area occupied by common amenities like lifts, corridors, staircase, club house etc. As a thumb rule, this is usually 25% more than the built up area, but we have seen even 50%!

Most developers charge based on the super built up area. The different between the super built up area and the built up area is called Loading.

With the recent Real Estate Regualtory Bill (https://cremindia.wordpress.com/2013/09/12/real-estate-regulatory-bill/), the government is making it mandatory for developers to sell property based on the carpet area as opposed to the super built up area.

For further guidance and information, please contact us at shrey@crem.co.in

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