When buying a property, understanding the different terms used in real estate is crucial. If you're considering investing in a residential property in Navi Mumbai or a commercial property in Mumbai, you will frequently come across terms like carpet area, built-up area, and super built-up area. These terms significantly influence the market value of a property, and knowing how to calculate them can be very helpful.
Carpet Area
The carpet area is the actual area within the walls of the property where you can lay a carpet. In simpler terms, it is the usable area inside the house. This includes bedrooms, living room, kitchen, bathrooms, and any other rooms. However, it doesn't include the thickness of the inner walls. Knowing the carpet area is essential because it directly impacts the market value of a property. The larger the carpet area, the higher the usability of the property, which can increase its market value.
Built-Up Area
The built-up area includes the carpet area plus the thickness of the outer walls and the areas under the balcony. In essence, it is the total area of the property that includes both usable space and the space occupied by the walls. The built-up area is always larger than the carpet area. When using a valuation property calculator, the built-up area is a key factor that affects the overall valuation of the property.
Super Built-Up Area
The super built-up area is sometimes referred to as the saleable area. It includes the built-up area along with a proportionate share of the common areas such as lobbies, staircases, elevators, and corridors. In many residential properties in Navi Mumbai and commercial properties in Mumbai, the super built-up area is the number that developers advertise. It gives a more comprehensive picture of the total area you're paying for, including the shared amenities.
Calculation Method
Understanding how to calculate these areas can help you make an informed decision. Here's a simple method to understand each calculation:
Carpet Area Calculation: Measure the length and breadth of each room and sum the areas. Exclude the thickness of the walls.
Carpet Area = Length × Breadth of each room
Built-Up Area Calculation: Add the carpet area to the thickness of the walls and the area of balconies.
Built-Up Area = Carpet Area + Wall Thickness Area + Balcony Area
Super Built-Up Area Calculation: Add the built-up area to the proportionate share of common areas.
Super Built-Up Area = Built-Up Area + Proportionate Common Area
The RERA website ensures transparency by documenting the detailed specifications of Carpet Area, Built-Up Area, and Super Built-Up Area, binding developers to their promises. Carpet Area covers the usable floor area within apartment walls, Built-Up Area includes the carpet area plus wall thickness and balcony/terrace spaces, and Super Built-Up Area encompasses the built-up area plus common spaces like lobbies and amenities. This legal framework holds developers accountable, ensuring that buyers receive what is promised, with any discrepancies subject to legal consequences, thereby guaranteeing a transparent and reliable real estate transaction process.
Practical Example
For instance, if you are looking at a residential property in Navi Mumbai with a carpet area of 1350 square feet, a built-up area might be around 2300 square feet. The super built-up area could be around 2600 square feet, considering the common amenities.
Understanding the differences between carpet area, built-up area, and super built-up area is essential for anyone looking to buy a residential property in Navi Mumbai or a commercial property in Mumbai. These metrics not only help in assessing the usability of the space but also play a crucial role in determining the market value of a property. Using a valuation property calculator can further aid in making a sound financial decision. Make sure to consider these aspects to ensure you get the best value for your investment.
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