For the first-time home buyer, the real estate market may seem like a confusing wilderness of jargon being thrown about by developers. It is possible to make a poor investment without proper understanding of the terms such as carpet area, built-up area, and super built-up area, which are commonly used in the real estate industry and are indicators of the space contained within property. To properly understand what built-up area and super built-up area are, it is necessary to understand the meaning of the term carpet area. Carpet area is the amount of floor space in the property that can be covered by a carpet, the wall-to-wall space that is the net usable area of the floor. This generally encompasses 70% of the property’s built-up area, which includes the living room, kitchen, bathroom, and inner staircase if applicable.
Built-up area – The total of the carpet area of a home and the wall thickness constitutes the built-up area of the home. This also includes the balcony or terrace and usually is around 70-80% of the super built-up area of the property. This percentage can, however, vary, depending on the builder or the real estate project. Also, the built-up area can be calculated by adding 10-15% to the carpet area of the property.
Super built-up area – This is the sum total area of the property’s built-up area and the common areas such as elevators, clubhouses, staircases, lobbies, etc. The amenities provided in the project by the real estate developer are also added included in the common areas. The price of properties is usually based on the saleable area of the project, which is the super built-up area. As real estate developers usually price their properties based on the super built-up area, it is imperative that first-time home buyers make themselves aware of this term.
The Prestige City new launch township at Sarjapur Road, East Bangalore.