When stepping into the world of property buying in India, you’ll come across a range of terms and measurements that can be quite puzzling. One such term is the Super Built-Up Area. It’s important to understand what this means, as it can significantly impact your decision-making process.
Let’s break down this concept in simpler terms and explore its implications for property buyers.
What is a Super Built-Up Area?
Imagine you’re buying an apartment in a building that not only has your future home but also , staircases, lifts, and amenities like a clubhouse. The Super Built-Up Area is a term that sums up the total space of your apartment plus a portion of these shared spaces like lobbies shared or common areas. It’s like getting a package deal that includes both your private living space and a share of the building’s community spaces.
Here’s how it’s calculated:
Super Built-Up Area = Your Apartment’s Area + Shared Spaces
1. Your Apartment Layout
2. Super Built Up Area
Why Do We Talk About Super Built-Up Area?
There are a few reasons why the Super Built-Up Area is a key term in the real estate world:
– Marketing and Pricing: Builders often highlight the Super Built-Up Area to show off the communal amenities you’re getting. A larger Super Built-Up Area might suggest more or better amenities, potentially making a property more attractive and, sometimes, more expensive.
– Legal Angle: As per a mandate by RERA (Real Estate Regulation & Development Act, 2016) builders are not allowed to quote prices on the super built up area as it can get misleading for the buyers. Builders can only quote prices on the RERA Carpet Area of the apartment for RERA registered projects.
The Catch and What to Watch Out For
While knowing the Super Built-Up Area is useful, it can sometimes make things more confusing for buyers. Here are a couple of things to keep in mind:
– It Might Overstate Space: Since the Super Built-Up Area includes shared spaces, the actual size of your apartment might seem bigger than it really is. It’s important to check the Carpet Area or RERA Carpet Area, which is the space inside your apartment that you can actually use.
– Inconsistent Calculations: Different builders might calculate the Super Built-Up Area differently. Always ask for clarity and double-check the figures.
– Does It Affect the Price?: Since the super built-up area includes common spaces such as the lobby, amenities, etc., it can sometimes make the per square foot price seem cheaper. For example, let’s assume that a house with a net usable carpet area of 1000 sq ft and a super built-up area of 1500 sq ft is priced at Rs 1 crore. If the builder quotes the per square foot rate based on the carpet area, it would be equivalent to Rs 10,000 per sq ft (Rs 1,00,00,000 / 1000 sq ft). However, if the builder quotes the per square foot rate based on the super built-up area, it would equate to Rs 6,667 per sq ft (Rs 1,00,00,000 / 1500 sq ft), making the price per square foot seem cheaper to the buyer. This can cause massive confusion among buyers and can be highly misleading.
Carpet Area: The Real Deal
The carpet area is the actual area you get to use inside your apartment. Unlike the super built-up area, it gives you a clearer idea of the actual living space you’re getting. This is the space where you can, quite literally, lay down a carpet. It includes the bedrooms, bathrooms, hall, kitchen, store room, etc. The area underneath the internal and external walls of the apartment is not counted towards the carpet area calculation. The carpet area also excludes common areas such as lobbies, staircases, or any other common amenities.
Why It Matters to You
For buyers, understanding the difference between the super built-up area and the carpet area is crucial. In some buildings, the super built-up area can be significantly larger than the carpet area due to the inclusion of shared spaces and common areas. The super built-up area can be up to 40-45% more than the carpet area, representing an inflated version of the actual usable space.
Making Sense of It All
Builders often use the Super Built-Up Area as a selling point, showing off the building’s amenities and common spaces. While these extras can enhance your living experience, it’s essential to weigh them against the actual space you’ll have in your apartment.
Wrapping Up
Getting to grips with the concept of super built-up area is essential for anyone navigating the Indian real estate market. It offers a broader view of what you’re buying but requires a deeper look to understand the real value and space you’re getting. By staying informed and asking the right questions, you can make a decision that fits your needs and expectations in this complex market.
If you’re keen to dive deeper into real estate or want to learn more, consider exploring educational platforms like Edstate. They offer resources to help you understand the real estate world better.
Check out Edstate.com for more information and to expand your real estate knowledge.
This simplified explanation should help make the concept of super built-up area more accessible, especially for first-time homebuyers or those new to the Indian real estate market.