As a prospective buyer of a property, you must have come across terms like carpet area, built-up area and super built-up area. The terms are common in the real estate sector as agents often use them to describe a property’s specifications.
Be aware of the difference between all three of them when buying a house. Once you gain a clear idea of these terms, proceed with the investment and finance the purchase. Avail Loan Against Property from Bajaj Finserv to fund the purchase of house property at attractive interest rates and easy eligibility criteria for loan.
Now, take a look at the these terms and understand their differences.
What is Carpet Area?
It is the net usable floor space available to you or the area that can be covered by a carpet. It is the wall-to-wall distance of the floor and excludes the thickness of walls for a given house.
Understanding it can be crucial to finalising your house and getting a desirable house property as it gives an idea about the actual space available. What Is Built-Up Area?
It is a total of the carpet area and wall area, denoted by the wall’s thickness. It usually consists of carpet and wall area in a ratio of 70:30. Before finalising your house property, make sure you have a complete idea of what portion will be its built-up area.
What Is Super Built-Up Area?
It comes as a combination of built-up area and a unit’s common area like lift, corridor, lobby, etc. Agents often call it the ‘saleable area’. Thus, if you find a housing unit with a 1,200 Sq. Ft. space - check out the carpet and built-up area it has before funding the purchase.
Finalise your deal with the suitable super built-up area and finance it with a Mortgage Loan. Fill up the online form to get quick approval within 48 hours and purchase your dream home.