Understanding Super Built-Up Area in Real Estate
When you buy a property, you'll often encounter the term “super built-up area.” This refers to the combined size of the flat's built-up area and its proportional share of the common areas. For instance, if a complex has 8 flats and a total common space of 8,000 square feet, each flat's proportional share would be 1,000 square feet.
Loading Factor Explained
The loading factor represents the difference between the super built-up area and the carpeted area of a property. It essentially accounts for the share of common spaces allocated to each unit.
Calculating Super Built-Up Area: An Example
Let's illustrate this with a scenario. Imagine two apartments on the fifth floor of a building. Ajay owns a unit with a built-up area of 1,000 square feet, while Darkshit owns a larger unit measuring 2,000 square feet. The total common area on their floor is 1,500 square feet. To determine their super built-up areas, we use the ratio and add 500 extra square feet for Ajay and 1000 extra square feet for Darkshit.
Ajay's Apartment: 1,000 sq ft (built-up) and 500 sq ft (common space). This totals a super built-up area of 1,500 sq ft.
Darkshit's Apartment: 2,000 sq ft (built-up) and 1,000 sq ft (common space). This results in a super built-up area of 3,000 sq ft.