Hello friends when we go to purchase a flat from builder we come to know about some terminology Carpet Area, built-up area, Super built up area loading etc.
To reduce that miscommunication central Government introduce RERA – REAL ESTATE REGULATION AND DEVELOPMENT ACT in year 2016 according to that builder should pay according to carpet area
Carpet Area –
· Net usable floor area where one can spread a carpet
· According to RERA, a carpet area is the net usable floor area of an apartment which includes usable space like kitchen toilet bathroom & internal portion wall
Built Up Area –
· Built up area = Carpet Area + External Wall + Balconies + service shaft
Super Built Up Area-
Difference between the area of flat which was constructed before 10 years and the area of recently contracted flat
Option 1 ( Built Up area ) | Option 2 ( Super Built Up area ) |
flat constructed before 10 years Area of 800 sq. ft Value = 60 lacs Rate – Rs 7500 per sq ft
| Recently Constructed Flat
Area of 1000 sq. ft Value = 65 lacs Rate – Rs 5909 per sq ft
|
Area of flat in Option 1 looks bigger then Option 2
Super built up area
· built up area plus proportionate share of common area such as lobbies, staircase, lift shaft, club house, air ducts/shafts other covered common facilities
· Exclude – Open area such as play, gardens, parks, roof terrace
· Super built up area = 20 to 40% more than Carpet area
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