Understanding the Terminology :
Let’s first dive into the terminology to anchor our understanding
Actual Area (or Carpet Area): This refers to the actual usable space within the confines of a premise. Think of it as the area you’d cover if you were laying a carpet
Super Area (or Super Built-Up Area): This includes the carpet area plus a proportionate share of ‘common areas’ – staircases, corridors, lift lobbies, clubhouses, and perhaps even the garden or pool area.
The Catch:
This is where the plot thickens. While the definitions seem straightforward, issues arise in the arbitrary allocation of the ‘common areas’ by some builders.
- Inconsistent Calculations: Different builders might have varying methods for calculating the super built-up area. For one, a 20% addition might seem fair, while another might think 35% is justified.
- Inflated Property Costs: Since properties are often sold based on the super built-up area, an inflated super area calculation means you’re potentially paying more for less actual space.
- Misleading Marketing: Some builders might showcase the super built-up area as the actual space you get, leading to misconceptions and disappointments.
Safeguarding Buyers :
Knowledge is your shield in this arena. Here’s how you can protect your interests:
- Question the Breakdown: When a builder quotes a super built-up area, ask for a detailed breakdown. What percentage is being allocated to common spaces? How is it calculated?
- Compare the Rate: Check the rate per square foot for both the carpet area and the super built-up area. This gives clarity on what you’re actually paying for.
- Site Visits: While it’s challenging to measure large complexes, visiting the site can give you a tangible sense of space. It also allows you to see these common areas you’re investing in.
Conclusion: A Call for Transparency :
As urban spaces burgeon and skyscrapers rise, ensuring that buyers get what they pay for is paramount. A transparent, standardized approach to calculating and communicating property areas will not only instill trust but also create a more equitable marketplace.