Monthly Archives: June 2010

Villa Bungalows Apartments

A typical side-gabled bungalow in Louisville's...
Image via Wikipedia

Most of time builders use fancy words in order to make consumer confusing while defining property type.

These are all marketing strategy and end user get fascinated. In this blog, I would like to explain different kind of residential house or residential properties.

Bungalows : This is separate house, traditionally only one story, but can be extended. You will be surprise to know that this is Indian/Hindi word meaning houses in Bengal.

Villa: It was originally used for luxurious country house of a well-to-do person but now a days know more than marketing term used for bungalows. spa villa is most hyped marketing term used by hotels.

Apartments/Flat : It is self contained housing unit which is part of building. This kind of building most often known as apartment buildings. Some people think that they is difference between apartment and flat, Yes in dictionary but in practical life there is no difference. “apartment” is more commonly used in the US and the term “flat” seems to be more commonly used in India.

Complex: This is combination of shops and residential houses. Most commonly ground floor is occupied with small shops to full-fill basic need of entire building.

Please let us know if there are other confusing word.

FSI – floor area ratio – floor space index


FSI

In the series of Real-Estate Jargon , This is second blog, you might interested in first blog of the series abut definition of different kind of area  (Definition Of Carpet Area , Built Up Area , Super Built Up Area)

Floor area ratio is very commonly known as floor space index (FSI) also in India. In laymen language it is indicator that shows how many numbers of floor can be build in certain area, it is the ratio of the total floor area of buildings to the size of the land of that location.

Municipal corporation or urban development centra set the norms for FSI and builders/constructor has to follow them strictly. so anyone can not construct building which is very tall and does not provide enough space for surrounding buildings.

In nutshell FSI restricts that taller buildings should have better space at ground so it does not impact surroundings.

As a formula: Floor Area Ratio = (Total covered area on all floors of all buildings on a certain plot)/(Area of the plot).

Let’s take an example, if FSI is 3 for any city, and plot area is 3000 sq. meter,In this case builder can construct

  • 5  floor of  1800 sq meter (60% of 3000)  covered area in each floor  = 5*1800 = 9,000 /3 = 3,000
  • 10 floor of 900 sq meter (30% of 3000) covered area in each floor = 10*900 = 9,000/3 = 3,000
  • 20 floor of 450 sq meter (15 % of 3000) covered area in each floor = 20*450 = 9,000/3 = 3,000

Normally FSI varies according to city and area, In vadodara it is between 2 -3 .

Reference:

http://www.carfree.com/far.html

http://en.wikipedia.org/wiki/Floor_Area_Ratio