Check Carefully The Area Of A House

Before buying a house all enquire about the area. First of all the matter comes of its area and from calculation of area itself, it becomes a major game. It is essential that before buying a house, understand all terms related to area. Loss related to confusion of area is directly borne by the buyer. In most of the cases, he pays more prices for lesser space. For example, several builders charge same amount for carpet area as well as super area, whereas there is difference of 15 to 20% between the two. Charging equal amount, the price of carpet area becomes somewhat higher. Suppose, you want to buy a house, for it there are two options from the builder, firstly, he will give a 1000 Sq. ft house at a cost of Rs 15 lakh and secondly he will give 1100 sq.ft. House at same cost. Evidently, you would like to buy a bigger house, but the game starts from here. As per the extant trend of market, price of a house is decided after combining the carpet area and super area. While buying a flat, instead of doing simple mathematical calculations, one must concentrate on calculation of area. In this case the super area of the flat is 1100 sq. ft. it means that the money you paid is for use of 875 sq .ft. and not for 1100 sq. ft.While finalizing the deal you must enquire about the exact area. If the builder area is talking about area, then ask him how much is he giving usable area and which are the areas included in the price of house. Let us have a look at these areas.

Capet Area

Carpet area means that how much usable space you will get in your house. It can be called total area from a wall to wall. Take it this way that if you are to spread a carpet from one will to another, then the required size of the carpet shall be the carpet area of the flat. It means, after closing the door, all inner area is called the carpet area of a house.

Built-up Area

When space under the walls is included in the carpet area then it is called built-up area of a house. Built-up area an be called the total area of a house.

Super Built-up Area Builders usually talk about super built-up area of a house of a house. If the area of a house. If the areas of common spaces are added to the carpet and built-up area, then it is called super built-up area, for example- when common room, stairs, elevator and outer gallery of a flat in a building are added / included in the built-up area, then it will be super built-up area of a flat. There may not be any confusion with regard to area while buying a house. It is essential for it that concept of super built-up area must be quite clear between the builder and the buyer. Some stand must be laid down for it. If the builders will follow such standard and also apprise customers about same, then the concept of super built-up area can be adopted easily. In addition to bureau of Indian standards several other government agenencies are also working in this regard. for it based on carpet area or national reference area, matter is under way to formulate a rule to decide the price of a property.

BANGALORE REAL ESTATE

Bangalore witnessed the highest absorption in 2007 of 8.7 million sq ft. The total supply here during 2007 was 9 million sq ft. The peripheral regions accounted for over 75 per cent of total supply.

Of the total demand 13.25 sq ft million, demand for 8.8 million sq ft or nearly 30 per cent came from the peripheral locations. Whitefield continued to be the micro market with the maximum demand of 2.47 million sq ft followed by Outer Ring Road (1.66 million sq ft). C.V. Raman Nagar and Old Madras Road micro markets accounted for a total demand of 1.4 million sq.ft.

IT/ITeS segment remained the key driver of demand in the peripheral and suburban locations