A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • Carpet Area Vs Built-Up Area Vs Super Built-Up Area

    Carpet Area vs Built up Area vs Super Built up Area
    Published:

    There are a number of technical terms which are related to an apartment or a housing unit. If an individual is not aware of these terms, he or she might end up being misled by the contractors or builders. Three of these most common terms are carpet area, built-up area, and super built-up area. The pointers mentioned below discusses the basic idea and the difference between these three.

    What is Carpet Area?

    As the name suggests, carpet area is the area which can be covered by a carpet in an apartment. This area excludes the thickness of the inner walls of the apartment and common areas such as lift, lobby, stairs, etc. It can be defined as the actual area that you will get to use in your apartment. In general, the carpet area of a housing unit is roughly 70% of the built-up area. Thus, if the built-up area of your new apartment is 1,000 square feet, you will be getting around 700 square feet. of carpet area.

    Understand: What is Khata, Khasara and Khatuni Number

    What is Built-Up Area?

    The built-up area of an apartment is the addition of the carpet area and the area covered by the thickness of the inner walls of the unit. The thickness of the inner walls in an apartment, generally covers about 20% of the total area. There are a number of areas which are mandated by the authorities and are included in the built-up area of an apartment. These include areas such as dry balcony and adds up to 10% of the total built-up area. Thus, the actual usable area in an apartment comes down to about 70% of the total area. This is also known as the carpet area.

    Learn: What is Land Tax

    What is Super Built-Up Area?

    Typically, the Super built up area of an apartment or a housing unit consists of all the above-mentioned factors. In many cases, promoters and builders also include amenities which are provided along with the housing unit. this might include the likes of a swimming pool, a common garden, a clubhouse, a gym, and so on. If you do not have a clear idea, you might end up paying a lot more than what you are actually getting. Builders often sell off properties on the basis of the super built-up area of a housing unit. In such cases, is the quoted area of your housing unit or apartment is 1,500 square feet (say), you should be aware of the fact that this area includes the common areas of the amenities provided along with the apartment.

    Check Out: How urban residents can get home under PMAY

    To avoid paying more for a smaller apartment, or to make sure that you are getting value for your money when it comes to buying a housing unit, it is important to do the math and then make the deal for the property.

    Searching for the right home loan provider? Compare home loan offers from top banks.

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.