When buying a home why super built-up area should not matter.
Carpet region is the area that is utilized by the owner of the house whereas the area includes the areas covered balconies that are exclusive or by walls and super area casts the net wider to include common areas as well. Selling on the grounds of super built-up area not only gives an inflated albeit wrong sense of this area of the house, but also reduces the per square foot cost of the home: imagine a 2 bhk with a carpet area of 900 sq.ft is priced at Rs50 lakh.
This implies a per sq.ft rate of about Rs5,556, but bring in the super built up area and suddenly you’re buying a 2bhk of 1300 sq.ft with a per sq.ft rate of Rs3846. The proposition based on the area that is built-up looks appealing, although in both the situations, your area doesn’t expand.
Before, before RERA came in to existence, most developers used to sell apartments on the grounds of super built-up area which include the apartment area and proportionate area of common areas such as elevator, stairs, lobby, clubhouse, play area and other amenities available in the project.
But in order to usher in transparency the Act states that programmers have to now sell only on the basis of carpet area so that a buyer will be able to know how much she is paying for the every sq. foot that she will get for her use. The Act also brought clear definition of the carpet area: “. . .the net usable floor area of an apartment, excluding the area covered by the external walls, areas under services shafts, exclusive balcony or verandah area and exclusive open patio area, but includes the area covered by the internal partition walls of the flat”.
Selling on foundation of carpet area however, may not affect the total price of the property as developers are most likely to club all other costs of development and raise the per sq. feet speed. It will help home buyers get a clearer picture of the space and price.
“Buyers now just know how much space they would get inside their apartments. Previously when houses were offered on the basis of super built up area, there was no consistency as to what was included in the definition of super built up area and therefore it was quite opaque to the consumer about what they would actually get in terms of carpet area,” said Dhruv Agarwala, Group CEO, PropTiger.com, Housing.com and Makaan.com, real estate portals.