Another Real Estate Money Trap

‘Super areas’ are currently one of the smoothest money fetching modes for the realtors in India, which are earning them massive profits. A super area, if explained in a layman’s words, it includes actual wall-to-wall or coverage areas and the common areas used by all residents (householders) of the particular real estate projects, such as lifts, corridor, swimming pool, stairwells, conference hall, gym etc. We often are not made aware of that exact part of super area containing our undivided share. And it is this virtuosity of the super area that is facilitating the builders to maintain a clouded vision of expectation in the customers’ eye and extract more money from them.  

Major discontent was attributed to the inclusion-exclusion dilemma of the balcony space….. Builders seemed to be in favor of adding the space area to the total building area, to increase the lucrative of the available space. Hence an agile homebuyer first needs to figure out what are the exact specifications of his share in the common area of his community gateway project, amongst the promised corridors, passages, staircase, underground/overhead water tanks, the space above the stairwell, pump house, entrance lobbies, electric sub-stations, guard rooms and other common facilities.

Off-late, Delhi – NCR has been spotted with couple of similar cases of realtors bullying the clients by displaying greater common area and quoting a higher apartment price, whereas that excess area does not exist at all. 

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