Common Areas
Gurgaon: Reputed real estate developer, Ansal API has offered the administration of Sushant Apartments to its local residents’ welfare association (RWA) while the RWA is reluctant to accept the offer. The RWA said that Ansal is not ready to hand over the common areas such as park, club, roofs, lifts and security to the association. [...] Continue Reading »
Mumbai based developers are very much affected by the newly amended development control regulations. After the recent amendments in DC rules, it is predicted that there might be a hike in property prices which would effect the margin of the developers. As per the new rules, common areas like balcony, flower beds, terraces etc will [...] 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 »
