Built-up area
The rocketing prices of properties in Chennai has made property buying a distant dream for the lower and middle class population in Chennai. Follow up to this not many of them are interested to invest on property with hiking rates. Therefore, to balance the real estate market in Chennai city, the state government has announced additional floor [...] Continue Reading »
The present real estate market trend is not showing raise according to the expectations. To overcome this situation and get a quick inflow, the apartment builders in Mumbai have planned to reduce the built up area for their real estate projects in Mumbai. The main agenda behind builders having plan of reducing in built up [...] Continue Reading »
Municipal Corporation of Delhi (MCD) has thought of new ways for betterment of people who have lost their land for construction of road. The civic body has decided to alter the land acquisition rule for the people’s betterment. Earlier, after the land was acquired, the griever was given extra built up area on his land [...] Continue Reading »
Bangalore residents beware! The Rain Water Harvesting (RWH) deadline is soon arriving. Houses with the built up area of 60×40 feet and above have just a month’s time to adopt RWH system. December 31st is set as a final deadline! According to Bangalore Water Supply and Sewerage Board (BWSSB) till now hardly 29,854 houses have implemented [...] Continue Reading »
Supertech, a Noida based real estate developer will be launching new luxurious construction which is popularly called as Supernova. The development has been estimated to cost Rs 2,000 crore comprising of serviced apartments, shopping malls, recreational centers, office spaces and residences. This luxurious project will be spread across a built-up area of 5 million square [...] Continue Reading »
In the early days, buildings were sold by carpet areas. In the 1960s, buildings began to be sold by built-up area (BUA), which includes walls and some passages, but excludes lifts, staircases, common passages, flowerbeds and other non-living spaces. The built-up area counted in the floor space index (FSI) was between 10% and 20% more [...] Continue Reading »
Today real-estate projects in Gujarat have the highest quantum of super-built-up-area (SBUA) in the country, even more than some of the Tier-I cities like Delhi, Kolkata and Bangalore. Developers in the state employ the maximum SBUA, which stands at 50% of the carpet area (defined as the actual area the buyer uses) of both residential [...] Continue Reading »
