Looking to invest in property? Buying a house or a flat? Chances are you will be bombarded with terminology you haven’t heard before. Before you jump onto the bandwagon and buy an apartment in Sector 65 and Sector 67 Gurgaon, it is important to know familiarize yourself with a couple basic terms with regard to property investment.

Consider this situation: You buy a flat of 1500 square feet, but when you look at the flat, it actually has an area of only 1100 square feet. So where did the rest of the space go? Did the builder dupe you? Not really. There are concepts like built-up area and super built-up area, which apply here.

Built-up area is the actual area of the apartment or flat. This is the area which starts from the entry gate of the house and covers the entire space of the apartment. Super built-up area includes things like the corridors and the area from your apartment to the lift on the floor and such things.

So if there are four flats on a floor, all the area, apart from that of the flats on that particular floor will be divided equally in four parts and added to the built-up area. This will finally bring out the super built-up area. Most builders while quoting the area of a flat go for the super built-up area. It can be quite confusing and that is exactly why one needs to be aware before investing in property.

These are important terms to keep in mind while house hunting. The crux of the matter is that one needs to do a little bit of research, talk to friends or relatives who have experience in property investment or have a real estate business. Also work with an advisor who is knowledgeable when you present yourself as a perspective real estate customer.

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