Category Archives: real estate jargon

Plinth area meaning

Posted by on December 6, 2011 1 comment

This is another blog in the series of real estate jargon.

Dictionary meaning of plinth is an architectural base or support for a column or building. Plinth area is also referred as built up covered area.

Plinth area of any building is total area of this base on which building has been created. Sometime people get confused between carpet area and plinth area, but it is two different term,  Plinth area will be always more than carpet area as it includes thickness of external and internal walls.

Plinth area calculation can be done by measuring one end to the other end of the exterior wall.

 

Vadodara – Current & Future of Vadodara

Posted by on August 11, 2011 No comments

 

Bloomberg UTV has recently published small documentary about vadodara. It shows that vadodara is traditional yet modern, rooted in culture and city and very enterprising and that’s why city can move towards sustainable growth. It also has some  hoarding footage that showcase growth in vadodara real estate.

If you are not based of vadodara and looking to do property investment in Vadodara must see this video.

Vadodara – Traditional yet modern city

 

Some  interesting quotes by leading personalities from Vadodara ,

  • “Vadodara has A grade rating from CRISIL and it is investment great city  ” – Ravikant Joshi – Advisor CRISIL RISK & Infra Solution
  • “Quality of life  and industry growth is very good in Vadodara“ - Geeta Goradia – President Federation of Gujarat Industries
  • “Vadodara has minimum Air-pollution is entire country” – M.K. Das – Former Municipal commissioner

 

On related note, you can also read below blogs

Vadodara for real estate property investment

Posted by on July 19, 2010 2 comments
A stretch of the Ahmedabad-Vadodara expressway
Image via Wikipedia

Real estate is always one of the most attractive investment for everyone. Vadodara is emerging as real estate investment hub due to following points

  • Rates in Vadodara are still much more reasonable compare to near by city like Ahmedabad and Surat
  • Vadodara could well be the next IT hub of the state after Ahmedabad/Gandhinagar
  • Anand and Surat fairly near by as well as the Express highway connecting Ahmedabad and Vadodara , is doing wonder.
  • It’s home town of numbers of Gujarati NRI
  • Mumbia is saturated and large number of investor thinking investment in gujarat

In a way Vadodara has capability to do well in residential and commercial property segment both and thus it is attracting large number of foreign and Indian real estate investors.

Please comment, if you have some other strong point to agree or disagree on this.

Villa Bungalows Apartments

Posted by on June 17, 2010 No comments
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

Posted by on June 6, 2010 2 comments

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

Definition Of Carpet Area , Built Up Area , Super Built Up Area

Posted by on May 16, 2010 25 comments

definition of carpet area, built up area, super built up area

It is very important to understand real estate jargon before you do any investment in real estate. I am starting few blog series in order to make you familiar about these words.

In today’s blog I will take definition of different kind of area, Most of time we assume what this mean but it’s really easy to get confused around this.

Carpet Area – The actual area you can use. The area on which ‘you can put a carpet’ in entire house, it includes everything bedroom, kitchen, hall, bathrooms, balcony. It is fairly easy to calculate carpet area for any rectangle room, just measure width and length and multiply them, Let’s take an example, if your master bedroom is of 15 * 13 ,carpet area of this room will be 195 square feet. if it’s not rectangle , divide them in different rectangular part and calculate carpet are of separate section and add them altogether. You can simply download my carpet area calculator excel file and use it.

Builtup Area - This is the area of the apartment that includes the area covered by the walls so it is net area of a flat, including space covered by the wall . Sometimes balcony is considered in Built Up area not in carpet area. As a general rule built up area is around 8% to 10% more than carpet area.

Super built up Area – Super built up Area is most commonly known as Salable area,  Most of time builder deals on this area, so don’t assume that you will get same space within your house which is described by your builder. So it consist built up area + markup for common spaces like lifts and stairs etc. Super built up area is a unique money making concept by builders in apartment complexes.

Covered Area – In general,  Covered area is the actual area under the roof. It is not so widely used.

If you are aware about these term, you can easily calculate carpet area/ built-up area. Please  be sure about which type of area is mentioned before doing any investment. Let us know your real life experience around these words in comments.  Shout in comments if you have been cheating by manipulating words in any proposal to you.

Let me know your comment and any other topic you are interested.