- Carpet area: –
Carpet Area is the area that is used within the walls around a unit (office, house, etc.,) excluding balconies, terraces, shaft and set back area. The surrounding walls, common or otherwise are not the part of the Carpet Area, which can be computed in sq feet, sq meter or sq yards. The smallest and most accurate measure of actual usable area of any property. The carpet area can be covered with a carpet from wall-to-wall, so it is named as Carpet Area. As per the Real Estate (Regulation & Development) Act & Rules, the carpet area is the benchmark for any developer to charge from their customers. In case of a house, all the rooms in the property, including bathrooms and passages, are added together to get the carpet area. As per the RERA Act, 2016, developers can only sell units on the basis of carpet area, and not built-up or super built-up area. Selling on basis of carpet area however, may not impact the total price of the property as developers are likely to club all other costs of development and raise the per sq. ft rate. It will, however, help home buyers get a clearer picture of the space and price. “Buyers now exactly know how much space they would get inside their apartments. Previously when homes were sold on the basis of super built up area, there was no consistency as to what was included in the definition of super built up area and hence it was very opaque to the consumer as to what they would actually get in terms of carpet area?” Typically carpet area is 35-55% lower than super built-up area.
- Built-up Area: Built-up Area = Carpet Area + Area of Walls + Balcony and Terrace
This means whatever area is constructed up to the external or outer walls of the property or unit along with the balcony and Terrace Area including shaft area if any, is considered as the Built-up Area. It takes a property’s carpet area and adds the thickness of the internal and external walls, and the area of balconies and terraces if any. The developers mostly used to charge from their customers against Super Built up Area, and not on Built-up Area.
- Super Built-up Area: –
The super built-up area used to be trickiest and most vaguely have been in use till today. Even after RERA came into force, the developers have not stopped charging against the Super Area, which is brazenly opaque, arbitrary and manipulative to inflate the price of the property and making the same to larger extent unaffordable. Though developers mostly disclose Carpet Area along with the Super Area, while selling the property, but the pro rata loading of common areas like the lobby, staircase, elevator shafts, with amenities like clubhouse, swimming pool, and generator rooms are arbitrarily factored in and subsequently included in the super built-up area. Super built-up area is also commonly known as ‘Saleable Area’.
Super Built-up Area = Built-up Area + Proportionate Share of Common Areas.
Since Proportionate share of common area calculation is found to be arbitrary and fictitious while determining the actual carpet area of the property, and there is no disclosure of common area, so in most of the cases now, the carpet area is reduced to be 50 to 55% of the Super Built-up Area.