Be fully educated before buying a property

Settlers India Be fully educated before buying a property

Be fully educated before buying a property

2nd July 2021

Buying a house is certainly a difficult task because it requires a lot of effort and a lot of investment. Whenever you look for a property, its size is one of the most prominent characteristics you will consider.

The size of the property, or its "area", measured in square feet. So a medium-sized apartment might be 600 square meters. Feet, and regardless of the number of rooms, a 1,000-square-foot apartment will be considered a large apartment. In the real estate industry, scale is defined in three different ways.

They are carpet area, floor area, and super floor area. If you are a new buyer, these terms may confuse you.

Let's meet these conditions here. Carpet area. The carpet area is the area that can be covered by carpet, excluding the thickness of the interior walls of the apartment. It is the actual area that can be used in an apartment. The lobbies, elevators, playgrounds, and other public areas cover no less than the carpeted area.

It is important to check the area of the carpet before investing in a property because it will give you a clear idea of how much space is available in the apartment. Carpets usually account for about 70% of the building area. How to calculate the total area of the carpet? According to Liases Foras MD and real estate expert Pankaj Kapoor, “The area of the carpet should be about 70-80% of the floor area. You can easily calculate it by asking the builder about the total floor area. 

"Building area- Building area is the total area of the carpet plus the thickness of the wall. It also includes a dry balcony and a private terrace. Include all areas that belong only to a specific unit. You should also remember that shared walls between units are calculated at 50%, and other walls are calculated at full size.

How to calculate the building area? The building area is calculated by adding up the carpet area, wall area, and practical area (balconies, private terraces, etc.). Generally, the building area is 20-30% more than the carpet area. 

"Super- built-up area -The over-built area or the usable area, is the area calculated by adding the proportion of the built-up area to the carpet area. Public areas, including corridors, stairs, elevator lobbies, elevators, etc. Here, the proportional share is the sum of all public areas divided by the total number of apartments in your complex. "Selling properties on the basis of an overbuilt area is now illegal. Only the carpet area is effectively designated'. Therefore, builders now offer all-inclusive packages that include all legal property purchase costs, such as stamp duty and registration fees, announced by," ANARCK Said Prashant Thakur, Director, and Head of Research, Property Consultants.

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