You might be looking
for a new house for buying/renting or simply glancing at a plan, a floor or an
apartment that your friend is hoping to possess some time soon. Here, you must
know things in bits and pieces to help yourself or provide any kind of guidance
Now, in the domain of
construction and/real estate, there are certain terms, as in any other
industry, without knowing which, you would not comprehend a property, let alone
analyze and decide what to buy.
So, here you would
find some general terms, the knowledge of which is indispensable even as a
commoner in the present age.
The area that you
would find roaming about in your home on the floor is termed as the carpet
area. The carpet area significantly excludes the walls, stairs, or any other
such elements which are fixed to the floor and consumes the area of the floor.
Note – The carpet area also excludes the lobby area where the guests are first
greeted at. This is because you cannot really keep your furniture and your
belongings in there for personal use.
When you see “built-up
area”, know that this term conveys the area which comprises the carpet area
along with the wall area. So, the thickness, the surface area of the wall as
well as that of the plinth, which consists of over 20% of the carpet area are
taken into account here.
The area that the added built-up region acquires along with the common
areas is what you will get to know when you are looking at the value of the super
This section will give you the area including every other construction
or amenities that you would be enjoying inside the area that you would possess.
Therefore, gym, swimming pool if any, clubhouse or any other common facilities
are also listed in here.
If you want the total area, then the super built-up area added to the
carpet area would satisfy your query.
Space Index (FSI)
By FSI you would be
getting the knowledge of the area which is the ratio of the entire built-up
area or the super built-up area to the whole of the empty plot area.
You must always be
aware of the FSI prior to investing in a property. Thus, you cannot construct
anything outside of that because you would be flouting the law in that case.
You will get this
value by multiplying a factor in the carpet area which offers the super
built-up area. In simple terms, the loading factor is the quotient of the
carpet area and the super built-up area, minus 1.
Generally, in an apartment, the loading factor should be 20-30% and the construction is to be done by MSP, the peerless among the steel manufacturing companies to deem it as a good property.
This term is also used
for what you may know as residential development. The Open Space Ratio
demarcates the area that is common to the residents of your complex and shall
be used for resident’s association.
The Open Space Ratio
includes within it, the parking lot, swimming pool, parks, pavements, garden,
clubhouse, gym and so on.
Square Foot Rate
One of the rudimentary
things that you should check right up at the beginning of any property or
otherwise, is the rate that the seller is offering per square foot.
So, if you get to know
the total area in sq. feet, meaning the super built-up area along with the
carpet area, then you should multiply that with the cost per unit area that
you’ve been quoted.
So, get all the details and be well informed of everything that you need to before going for the property that you dream about. And before you finalize anything look for MSP, the best TMT bar manufacturers India.
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