When it comes to purchasing or renting a property in India, you’re likely to come across various terminologies that might leave you scratching your head. One such term is “super built-up area.” In this article, we’ll delve into the concept of super built-up area, what it means, and why it’s important for both property buyers and tenants.
Defining Super Built-Up Area:
Super built-up area, often abbreviated as SBA, is a term predominantly used in the Indian real estate sector. It refers to the total built-up area of a residential unit, including not only the internal usable space but also a proportionate share of common areas in the building.
To break it down further, let’s consider an example: Imagine you’re interested in purchasing an apartment that has a certain carpet area (the actual physical floor area of the apartment). The super built-up area would comprise not only this carpet area but also a portion of the common spaces in the building such as staircases, corridors, lobby, elevator shafts, and other shared amenities. In essence, it’s the sum of the carpet area and a proportion of the common areas.
Calculation of Super Built-Up Area:
The super built-up area isn’t a standard or regulated measurement and can vary from one developer to another. Generally, the formula used to calculate it involves adding a certain percentage of the common areas to the carpet area. This percentage can range anywhere from 25% to 50% or even more, depending on the specific property and its features.
For instance, if the carpet area of an apartment is 800 square feet and the common area markup is 30%, then the super built-up area would be 800 + (0.30 * 800) = 1040 square feet.
Significance of Super Built-Up Area:
Understanding the concept of super built-up area is essential for several reasons:
- Pricing: Property prices are often quoted based on the super built-up area. This means that when you’re comparing different properties, you’re looking at their super built-up areas to get an idea of the pricing, amenities, and overall value.
- Maintenance Costs: Many housing societies or apartment complexes calculate maintenance charges based on the super built-up area. As a result, tenants or owners will need to pay a maintenance fee that corresponds to this measurement.
- Amenities: Shared facilities like swimming pools, gymnasiums, gardens, and community halls are included in the common areas of the super built-up area. So, understanding the super built-up area helps you evaluate the amenities offered by the property.
Conclusion:
In the realm of Indian real estate, comprehending the concept of super built-up area is vital for making informed decisions. It impacts everything from the cost you’ll be paying to the amenities you’ll be able to access. Remember that this measurement isn’t standardized, so it’s crucial to verify how a particular developer or seller calculates it. By understanding the components that contribute to the super built-up area, you’ll be better equipped to assess the true value of a property and make a well-informed choice that suits your needs and budget.
