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Embarking on your quest to find the perfect property necessitates a firm grasp of measurements for making well-informed decisions. This guide is designed to furnish you with comprehensive information on property measurements enabling you to navigate the intricacies of real estate terminology and concepts seamlessly.
If you’re a prospective homebuyer, then there’s a good chance that you have come across the terms RERA carpet or MOFA carpet area and you might be unsure as to what either of them indicate. Let’s begin with what both MOFA and RERA carpets are and what is their importance in the real estate sector.
RERA is a key regulation that guarantees a certain level of accountability and openness in India’s real estate market. It is implemented at all levels and requires developers to register each of their projects, follow deadlines and also practice financial restraint. RERA improves confidence and integrity in the real estate industry by shielding consumers from deceptive advertising and establishing a grievance redressal procedure as well.
The primary principle behind RERA's emphasis on carpet area is to provide property buyers with a standardized and transparent metric for evaluating a property's actual living space. This definition ensures uniformity in real estate transactions, enabling buyers to make well-informed decisions based on the functional, usable area they will occupy. RERA's definition of carpet area promotes transparency, accuracy and trust in the real estate market by excluding external walls and shared areas from the calculations.
The net usable floor area within the walls of a residential unit, excluding the area designated for balconies but including the area of internal walls, constitutes the carpet area as per RERA guidelines. The distinction between RERA carpet area and conventional carpet area lies in the inclusion of the internal walls' thickness in RERA's definition, resulting in approximately 5% difference between the RERA carpet and MOFA carpet area.
MOFA is a crucial piece of legislation that was passed in the state of Maharashtra to protect the rights of those who buy apartments. In order to maintain transparency and control over real estate transactions, MOFA imposes certain guidelines on developers with projects based in Maharashtra also giving flat buyers more leverage in the realm of real estate. The definition of carpet area provided by MOFA is with the aim of promoting equity and clarity in real estate transactions, especially when selling apartments. According to MOFA, carpet area is a critical measurement that indicates the real usable space and total floor area inside an apartment’s walls, that also includes the balcony and excludes the inner walls.
MOFA also provides definition of carpet area aimed at promoting fairness and clarity in real estate transactions, particularly in the sale of apartments. According to MOFA, carpet area refers to the net usable floor area within an apartment, excluding the area of external walls and the area of internal partition walls. It may also in some cases, include balconies and terraces. It's the area you can actually walk on and use within your apartment, including the space within the internal walls.
It’s crucial to understand that carpet areas are different from super built-up areas and built-up areas. Super built-up area contains proportionate common areas such as lobbies, stairwells, and many other shared spaces, while built-up area comprises the carpet area as well as the thickness of the walls.
Built-up area encompasses the carpet area plus wall thickness, providing a more comprehensive view of the property's space. After RERA came into force, built up area is relevant only for the resale and rental deals where agreement for sale was made and registered before RERA came into force. Built up area has its legal relevance for stamp duty and registration purposes, as Sub Registrar requires stamp duty to be paid on the built up area for registration of the agreement for sale, which is calculated as carpet area plus 20%.
Super built-up area includes the built-up area plus proportionate share of the all common areas like lobby, staircase, lifts, passage, building compound amenities area etc. After RERA came into force, super built up area is relevant only for the resale and rental deals where agreement for sale was made and registered before RERA came into force and it does not have any legal relevance.
Square foot is a common metric used to gauge the size of a property. It encompasses the total area of a space, including rooms, hallways and common areas. Understanding square footage aids in assessing the spaciousness and layout of a property effectively.
Square yard is a unit of area measurement commonly used to measure the area of land, rooms or buildings in real estate and construction.
Square meter is a unit of area measurement in the metric system. It is commonly used to measure the area of land, rooms or buildings.
In Maharashtra Gunta is a traditional unit of area commonly used in land measurement, especially in rural and agricultural contexts.
Bigha is a traditional unit of land measurement used in many parts of India, especially in northern and eastern states like Uttar Pradesh, Bihar, Rajasthan, Madhya Pradesh, Punjab, and West Bengal. The actual size of a Bigha varies significantly from state to state and even within regions of the same state. It is not standardized across India.
Acre is a unit of area commonly used in land measurement, especially in countries like the United States, the United Kingdom, and India. An acre is used to measure large plots of land, such as farms, estates, or real estate.
HECTARE is a unit of area used for measuring land. It is commonly used in agriculture, real estate and land measurement, especially in countries like India and in Europe.
Property measurements in India are commonly expressed in many ways like Sq Feet, Sq Meter, Sq Yard, Gunta, Bigha, Acre, Hector etc. Measurement calculations as prevailing in the state of Maharashtra are as under:
| Unit | Equivalent in Sq Ft |
|---|---|
| 1 Meter | 10.7639 Sq Ft |
| 1 Yard | 9 Sq Ft |
| 1 Gunta | 1089 Sq Ft |
| 1 Bigha | 27225 Sq Ft |
| 1 Acre | 43560 Sq Ft |
| 1 Hectare | 107639.1042 Sq Ft |
understanding property measurements empowers buyers to make informed decisions. Familiarize yourself with square footage, carpet area, built-up area and super built-up area to accurately assess a property's size, layout, and value. Churuwala Homes LLP is dedicated resource to assist and guide you on property measurements.
Floor plans offer graphical representations of a property's layout, aiding in visualizing the space and functionality before making a decision.
Meaning of FSI The Floor Space Index (FSI) is a critical urban planning parameter. FSI in real estate serves as a pivotal metric that defines the permissible extent of construction on a plot of land, shaping the equilibrium between architectural development and open spaces. In simpler terms, FSI defines the ratio of the total built-up area of a building to the total area of the plot on which the building stands. It essentially determines how much construction can occur on a specific piece of land.
FSI Calculation Formula FSI calculation is the ratio of the constructed covered area on all storey's of the building to the total area of the available plot. The number thus arrived at is the permissible FSI for that piece of land. For example, using the FSI formula, if one has a bit of land that is 100 sq.mtr and the permissible FSI is 2, then the developer can build a covered area structure of 200 sq. mtr, which can be apportioned over any number of floors as permitted by local building height regulations. FSI is often expressed as a percentage too, in this case, the FSI of 2 can be also expressed as an FSI of 200%.
Why FSI Is Important? FSI plays an important role in urban planning as it affects the density of the built environment. A high FSI allows for more development on a given plot of land, increasing the density and potentially leading to congestion and other challenges. On the other hand, a low FSI may lead to under utilization of land and a lack of sufficient housing and other facilities.
FSI in construction means understanding the maximum built-up area for the property following the development guidelines and regulations set forth by the local municipal corporation. This helps home buyers as it helps them determine the maximum allowed area for construction in the property. It also helps them understand the type of construction that can be done on the land. This ensures that the home buyers do not end up buying a property that has less space than that required for their purpose.
FSI norms are also used to promote green building initiatives. For example, in some cities, additional FSI is granted to buildings that are certified green. Moreover FSI is also important for the local municipal corporation as it helps them in controlling and manage the density of a given area. This prevents overcrowding of an area and also helps in preventing illegal construction.
Factors Affecting Floor Space Index It's important to acknowledge that FSI varies across states, cities, and localities, and its determination rests with the respective local development authorities. For instance, in Mumbai FSI for residential and commercial real estate ranges between 2.5 and 5 for the main city and the suburbs.
It is often amended basis of the particular city/town’s planning needs and its envisaged growth. These local authorities specify the maximum FSI that can be utilized for a given plot of land, depending on factors such as the width of the road, the location of the plot and the type of development proposed apart from the carrying capacity of the land, related aspects such as adequacy of water supply, sewerage system and solid waste disposal are taken into consideration. The permissible FSI also differs depending on whether the building being built is of a residential or a commercial..
Developers might have the option to acquire extra FSI through acquiring development rights, subject to local regulatory approvals and specific limits outlined in city or town development plans. Some locations could allow exemptions for amenities in FSI calculations, like parking, lifts, sports areas, balconies and common spaces. However, this is a case-specific consideration, varying across regions.
Transferable Development Rights (TDR) is an urban planning tool that allows landowners to transfer the unused or surplus development potential of their land to another property. This mechanism compensates landowners when their land is reserved for public use such as parks, roads, or schools and enables developers to construct over and above the standard Floor Space Index (FSI) in the designated areas.
506, Laxmi mall, laxmi industrial estate, new link road, andheri west, mumbai 400053
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