Flat size increased but shrunk carpet area, double loss to home buyers, understand the whole game
Corona epidemic After the demand for large flat increased. The main reason for this was Work from Home Culture. People made their home an office, which made them feel the need for more space. For this reason, the demand for big flats increased and many home buyers spent more than the budget. While earlier there was a thought to buy flats for 50-60 lakhs, people spent up to crores of rupees. But now this decision is becoming a loss deal for them. The builders definitely increased the size of the flat, but made a big game in the name of loading. Loading, the common area, was increased so much that the real used part i.e. the carpet area became smaller. In this way they are facing double losses.
What does anarock report say?
According to anarock report, increasing the average loading percentage to 40% in the last few years to provide common facilities by builders in major cities of the country has increased the difference between the super-belt-up area and carpet area in the apartment in the last few years. The average loading percentage in 2019 was 31 percent. At the same time, it has increased to 40 percent in the January-March quarter this year. This means that flat owners are getting less spaceable space. For example, if the super built-up area is 1,300 sq ft and the carpet area is 1,000 sq ft, the loading percentage will be 30 percent.
Why did developers increase loading?
Real estate expert says that the demand for luxury property has increased rapidly after the corona epidemic. The desire for better lifestyle and all facilities equipped with all facilities increased in metro cities. House buyers are no longer satisfied with basic lifestyle facilities- they expect a fitness center, clubhouse, parks and gorgeous lobby. Due to this, developers are trying to provide all -amenities by changing the layout. It is also important to make the project look beautiful. The brunt of this is that the super area has increased and the carpet area of the flat has decreased. Home buyers are getting a small house even after paying more money for a large size flat.
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