Source : http://bit.ly/1QvjX8C
A lot many of you faced this trouble of not being well versed with the real estate terminology, due to which often you often ended up getting a less than a fair deal. There is no set dictionary where such terms are clearly defined, which makes the task of getting a clear cut knowledge of these terms a far cry. To give an edge to our readers, we take up the responsibility of acquainting our readers with the various terms they will come across while buying a 2 BHK Flat in Bhiwadi. Have a look:
This is the saleable area which is the built up area of the flat including the proportionate share of the common areas present in the building complex. The formula used for the calculation of the proportionate is to divide the total of the common areas by the total flats that are present in the building complex. Areas such as entrance lobby, corridors, lift shafts, clubs and security rooms are included in this area.
In layman's language, carpet area is the one which can be carpeted. This is the area which is enclosed by the walls of the flat. This is the area inside your flat which can be carpeted by you and used for moving in and around. But it also includes a certain percentage of other areas, namely terrace, verandah and balcony. However, a lot many people commit the mistake of not taking these areas into consideration. This mistake can end up giving you less of the usable area for your flat. The carpet area is usually in the bracket of 50-80% of the saleable area. Make it a point to always ask your builder about the carpet area to saleable area ratio. The higher this ratio is, the more the space you will get.
Usually the per square foot rates are quoted by the real estate agents. This rate is directly related to the super built up area. It determines the price of the flat.
A lot many of you faced this trouble of not being well versed with the real estate terminology, due to which often you often ended up getting a less than a fair deal. There is no set dictionary where such terms are clearly defined, which makes the task of getting a clear cut knowledge of these terms a far cry. To give an edge to our readers, we take up the responsibility of acquainting our readers with the various terms they will come across while buying a 2 BHK Flat in Bhiwadi. Have a look:
- Built up area
- Super built area
This is the saleable area which is the built up area of the flat including the proportionate share of the common areas present in the building complex. The formula used for the calculation of the proportionate is to divide the total of the common areas by the total flats that are present in the building complex. Areas such as entrance lobby, corridors, lift shafts, clubs and security rooms are included in this area.
- Carpet area
In layman's language, carpet area is the one which can be carpeted. This is the area which is enclosed by the walls of the flat. This is the area inside your flat which can be carpeted by you and used for moving in and around. But it also includes a certain percentage of other areas, namely terrace, verandah and balcony. However, a lot many people commit the mistake of not taking these areas into consideration. This mistake can end up giving you less of the usable area for your flat. The carpet area is usually in the bracket of 50-80% of the saleable area. Make it a point to always ask your builder about the carpet area to saleable area ratio. The higher this ratio is, the more the space you will get.
- Per square foot rate
Usually the per square foot rates are quoted by the real estate agents. This rate is directly related to the super built up area. It determines the price of the flat.