The slow down in Real Estate has made the Builder’s innovative and they have found newer ways to deceive home buyers.
“Can’t increase the price increase the “super built up area” is the new mantra of Real Estate developers across the country.”
To understand how builders are deceiving buyers by selling super built-up area, let’s check terms usually used in real estate parlance:
So, if you are given a quote for 1,000 sq ft flat and the area referred to is
Also Read: How Wrong Maths is used to Fool Investors!
Its easy! Remember the basic geometry and calculation of area of rectangle.
So here is the sample floor plan from one of the builders in NCR:
Below are the numbers:
Flat | Length | Breadth | Area (sq ft) |
Foyer | 3.9 | 3.4 | 13.26 |
Drawing | 13.6 | 10 | 136 |
Dining | 7.6 | 7.3 | 55.48 |
Bedroom 1 | 11 | 10 | 110 |
Bedroom 2 | 13 | 11 | 143 |
Toilet 1 | 5 | 7.6 | 38 |
Toilet 2 | 5 | 7.6 | 38 |
Kitchen | 6 | 7 | 42 |
Balcony 1 | 6 | 3.6 | 21.6 |
Balcony 2 | 13.6 | 3.6 | 48.96 |
Balcony 3 | 8 | 4 | 32 |
Total Built-up Area | 678.3 |
So if you bought the flat for Rs 30 lakhs which is around Rs 3,000 per square foot (as per super built up area). The real price is Rs 4,400 per square foot based on built-up area! This is 150% of the original price.
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What may appear cheaper may not be on actually cheaper. So as an alert buyer always compare the built up area of projects and calculate your cost on the same.
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View Comments
Thanks very useful
Hi Amit,
The website is Awesome, really helped me a lot on Tax saving and other aspects of financial planning.
Thanks a lot.
thank you for appreciation :)
This is superb... got a clear picture on to consider things while buying a flat............thanks
Great to know it helped you :)
Excellent Article
Excellent article. I'm using this link in my post to my group comprising fellow owners of an apartment building. we're looking at redevelopment and are evaluating joint development proposals. Thank you
Thanks for your appreciation :)