What is a Super Built-Up Area?

What is a Super Built-Up Area?

Get ready to meet a lot of real estate terms that don't sound too familiar like it or not - it's a fact. The first word which we have to be careful with is 'super built-up area.' Figuring out what this means is so important to reach the decision whether owning a condo is the option to choose. In this article, we’re going to find out what super built-up area constitutes of and why it is considered as one the important factors to be considered while buying a property.

Definition of Super Built-Up Area

The super built up area comprises the area of the dwelling unit in addition to that of one-wall thickness and a proportionate share of common area like corridors, lobbies, stairwells, elevators etc. Upgraded version – this means the built-up height potential allowed for a dwelling in a residential complex.

Components of Super Built-Up Area

Superbuilt-up area consists of various elements which is making the area well responsible for the problem:

• Carpet Area- Carpet area is the net area behind the four walls overlooking the floor, which excludes wall area, balconies, and projections.
• Wall Thickness- The specific width of the outer and inner walls is also implied in calculating the super built-up area.
• Common Areas- Common Areas will have a proportionate allocation of the common areas such as lobbies, corridors, stairwells and elevators to super built-up areas for every unit (house).

Why is Super Built-Up Area Important?

It arises because if you overspend on a current goal it will reduce your budget for other goals:

• Pricing- The location or the more built-up area is one of the most important parts in the overall process of determining the total amount of a property. Usually otherwise, the greater the ratio of the super built-up area, the higher the closing price value of the house.
• Spaciousness- The huge floor area gives you an idea of possession of parts of the floor that is practically yours and the shared amenities.
• Comparison- If comparison were to be made between the properties, this parameter adversely affects the honest assessment of value for money since the total amount of area allocated to the units is not paid for.
• Legal Compliance- To ensure that all condominium properties are in compliance with government standards, developers are required to provide the total built-up unit area of each unit along with other relevant pieces of information.

Calculating Super Built-Up Area

By calculating super built-up area, grounds are used to build more and more structures, and it depends slightly on developers and their locations. However, the general formula is:

Super Built-Up Area = Carpet Area + (Carpet Area x Load Factor)

The load factor accounts for the proportionate share of common areas and the wall thickness.

Key Considerations

• Load Factor- Developers can observe rather marked differences in load factor among their projects and other developers with ranges like 20 to 40% or more. As the ratio goes up, which is the measure of the total area of the project devoted to the common spaces, it can correspondingly support a higher level of the number of units for the same area.

• Carpet Area Vs Super Built-Up Area- This is the term for the difference between carpet area and super built-up Area. The carpet area is the effective covering space of the apartment, while the super built-up area comprises hall, common service areas and walls along with the built-up area.
• Developer Transparency- The role of developers in the building of this trust can only be played when there is full disclosure of super built-up areas, carpet areas, and load factors for each unit. This will ensure transparency as well as avail vital information for the buyers to make informed decisions. Developers, being the most trusted, need to take on this task.
• Resale value- Currently the floor area also has a big impact on resale value, as a purchaser takes into the consideration both the living space and the amenities when evaluating the house worth.

Conclusion

Understanding the meaning of a super built-up area would have meaning to you as you buy some property, because you can accurately measure the whole living space, value for money, and potential repeat sales. Take the ripple effect of a super built-up area together with other factors such as location, amenities and developer repute, you will be able to decipher a balanced solution that will match with your needs and budget. Don't forget to visit Landkhoj.com and take time to read through the built-up area details sent by the developer as well as question any unclear parts before making a decision.