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Wednesday, April 30, 2014

Buyer Alert: Consider the Loading Percentage Before You Finalise That Flat

Real estate is difficult business for a normal home-buyer. The jargon prevalent in the domain like Carpet Area, Built-up Area, Super Built-up Area, among others can be very confusing for investors who are not acquainted with the domain.

Yes, You Could End Up With Less Space Than You Thought!
Taking advantage of a buyer’s naivety, brokers and developers often mislead them into buying small liveable spaces at exorbitant prices. Many a time an unsuspecting buyer books a flat assuming that he would get ownership of the entire area he is paying for. It is only on possession of his flat that he realises that what he has received is substantially less than what had been promised to him.
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