When you are out in the market for your property purchase, you are likely to come across some of the often used real estate terms. It is always better to know these jargons well in advance to save yourself from an embarrassing situation.
In the following weeks, we would explain some of the most common terms used in real estate for your understanding.
Built-up area includes the carpet area and thickness of external walls, internal walls and columns. It is typically 10-20% more than the carpet area and is also sometimes known as the plinth area.
What is the difference between built up area, super built up area, and carpet area?
Carpet Area: Carpet Area of a property is defined as the net usable area from the inner sides of one wall to another. Carpet Area comprises of the carpet area of the demised premise, toilet areas within the demised premises, AHU room/s within the demised premises and dedicated service areas for the demised premises.
Built-up Area (BUA): BUA consists of carpet area, area covered by inner and outer walls and additional areas mandated by the authority such as flower beds, dry balcony, etc.
Super Built-up Area (SBUA): SBUA consists of BUA and the proportionate area under the common spaces of a building like lobby, staircases and elevators.