Are you buying a home?“A Home for Sale” – two choices! A 1000 sq ft and 1200 sq ft area, more surprisingly atthe same price! Both will cost you nearly Rs. 30 lakhs. You cannot stop yourself fromwowing and would immediately rush for a buy (doubtlessly, a 1200 sq ft property). Nowwhat? Question yourself; are you buying a property that is really worth the money youspend? Do you know how much area you are going to acquire?

Yes, it may be possible that you are getting less for what you pay. And, it is a trick beingunfortunately played by many of real estate developers. Several clients might haveexperienced such a loss, and there may be the buyers who still are unaware of it. Yes! Itis a big mannerism in real estate industry that can truly bring you a huge space gapbetween the house you buy and that you actually wanted to buy. They are the “CarpetArea” and the “Super Built-Up Area”!

Just be aware of such important terms of real estate market – would certainly be greatto know, truly in addition to the benefits you get, reducing any other losses that you mayencounter with, just by not following them.

What is Carpet Area?Carpet area is an actual space that you will have in your house. A diameter that isspaced within the walls of your house is what you pay for – a wall-to-wall area includedinto your total area specified along!

Then, what is Super Built-Up Area?Super built-up area, more inclusively, will cover the “Carpet Area” plus the Built-UpArea” along with some more. This is the term usually many of realtors will likely refer ahousing price to; yes, an overall home price to pay off (sometimes) for an area that isusually going to be impractical for you to mention your total home area.

Super built-up area will include the apartment’s proportionate share in terms of – mainlythe common areas including staircase, lobby, elevator, passageway and any other extraspace that is proportionally shared with a number of apartments available in a housingscheme (varying in their housing sizes as well).

At times, the builders will also remain at certain discretions on whether or whether not toselect additional criteria. Probabilities are there that few property builders will also befound imposing upon extra charges for spaces like terrace area, security office,electrical room etc. as well.

Then what you pay for….In an event of you buying a home and paying full charges for the carpet area, you willprobably have the total space of the flat design as mentioned in the scheme. Whereas,defining your payments for the super built-up area will likely end up with a compromisedspace out of the total area displayed therein.

For example, buying a 1000 sq ft flat with carpet area will get you the total space so far;yes, it is a 1000 sq ft in total size. You get all in what you pay. While, paying off for anapartment that is priced on super built-up area will only get you around 600 sq fit flat,with around 30% to 35% depreciation. You get less in what you pay.

What you have to be alert for….Straightaway, ask for the total area (whether Carpet Area or Super Built-Up Area) thatthe prices are included for. It may be possible that an old apartment with super built-uparea will only be a cut off around 20% to 25%; e.g. a 1000 sq ft flat will stand around800 sq ft area. New houses will have more reductions.

Remember, there is no regular ratio of super built-up area to built-up area and carpetarea for deductions. You can better negotiate with your builder so far. Yet, market isseen practicing at around 70-30 per cent ratio for carpet area remaining from superbuilt-up space.

Government is also planning to regulate such home selling practices, imposing upon therules to sell the properties only at carpet area. Rules are still in progress to get triggered.Until, make sure you get the suitable housing area for the prices you buy from!

For more visit: http://www.remax-gujarat.in/