Investing in real estate is one of the most rewarding and secure ways to grow your wealth. Whether you’re a first-time buyer or an experienced investor, understanding key real estate terms is essential for making informed decisions. Networth Prop, we understand that an informed investor is a confident one, especially when you’re planning to invest in promising locations like Kochi with the guidance of the best builders in Kochi. Before you make your next property investment, here are some important real estate terms you should know
1. Carpet Area This is the real usable place in the partitions of the apartment. It includes:
Floor space where a carpet can be laid
Internal wall thickness (between rooms)
Internal staircases (if any)
It does not include:
External wall thickness
Service shafts
Balcony, terrace, veranda, or flower beds
Knowing the carpet area is crucial as RERA (Real Estate Regulatory Authority) mandates property pricing based on it. Expert guidance from real estate agentsin Kochi can help you understand these details before finalizing a deal.
2. Built-Up Area
The built-up area includes the carpet area + wall thickness + balcony area.
It is typically 20% to 30% more than the carpet area.
Formula:
Built-Up Area = Carpet Area + External Wall Thickness + Balcony + Exclusive Corridor
When comparing properties, don’t forget this distinction, as many builders quote prices based on the built-up area.
3. Super Built-Up Area (or Super Area)
This is the total saleable area, which includes:
Built-up area
Common amenities: Lobbies, lifts, corridors, staircases, clubhouse, garden, etc.
This is often the figure you’ll see in brochures, so it’s vital to know how much of it is usable.
If you’re working with top real estate builders, they will provide complete clarity on the breakdown of each area.
4. Loading Factor
This is the difference between the super built-up area and the carpet area.
Formula:
Super Built-Up Area = Carpet Area × (1 + Loading Factor)
For example, if the loading is 30%, the developer has added 30% of the carpet area to cover common facilities.
While loading is common, high loading can reduce your actual usable space. Always ask about the loading factor before buying.
Why It Matters
As per RERA regulations, pricing must be based on the carpet area, not the built-up or super built-up area. However, some developers still use these larger figures to market properties. Understanding these terms can protect you from overpaying or being misled by complex jargon.
Real estate is a long-term investment, and knowledge is your strongest asset. Networth Prop ensures transparency and guides you through every step of your property journey. Whether you’re buying your home or planning to invest in a project in Kochi, knowing these basic terms will empower you to make smarter, more confident decisions.
Looking to invest in a high-growth location? Contact Networth Prop today, your trusted partner among the best builders in Kochi.
