Most of us only focus on property prices when we are buying a property. However we suggest buyers to also pay attention to the ‘loading’ of the project while purchasing a property. Many first time property buyers are often confused and do not understand Loading. We thought we could make it easier for potential buyers to understand this terminology.
To begin with, we want you to know a few terms -
Carpet area – It is the actual area where you lay a carpet on the floor. This is the actual usable area.
Built-up area – It includes Carpet area plus the area covered/occupied by the walls.
Super Built-up area – This would include the Built-up area plus a proportion of the common areas i.e. the lobbies, staircases etc.
Together, Loading is a function of the ratio of the carpet area and super built-up area.
Example: In very simple terms, if there are 4 flats in a building, each with carpet area of 100 sq.ft and common area of 100 sq.ft then -
Carpet area = 100 sq.ft
Built-up area = 120 sq.ft approx (adding the areas taken up by the walls)
Super Built-up area = 120 + (100/4) = 120 + 25 = 145 sq. ft. In this we have divided the common area equally on all the 4 flats.
Loading = 1 – (100/145) = 31%
Builders usually charge for 145 sq.ft since this is the area on which they have spent money to construct.
Now if you want to test your understanding, use the floor plan below and calculate the loading and post it as a comment. Our next post will give out the workings for the calculation of loading for this floor plan.