Dear Builders
The following 5 terms impacts the customers when we buy a property, namely
- Built-up area
- Carpet area
- Super built-up area
- Per square foot rate
- Loading
The definition provided in the website gives the customer a very good understanding of the terms used while purchasing an Apartment or Flat,
It is the not cost the customer is constrained at but after he moves in and starts to live in the apartment or Flat he realizes the carpet area is a big constraint for them,
So, here are my suggestions on how the builders can rework towards providing the optimum value to each owner of the Flat or Apartment irrespective of the amenities they provide.
1. Maximize the Carper Area of Each Flat (up-to 90%-98%)
2. Adopting Bill of Material Invoicing for each Flat
3. Bill of Material invoice shall cost each individual unit differently.
4. Adopting Bill of Material invoicing for Open Area Development
5. Adopting Bill of Material invoicing for Common Amenities
6. Adopting Bill of Material invoicing for Block-wise Amenities
7. and so on... (i am sure your team could work on the same)
8. UDS bill of material invoice
9. So on
For example the Bill of Material Invoice for a Flat "636" Shall be as follows or based on the following factors,
1. The Thickness Volume of each Flat (cuboid or cube), includes the walls, the floors, the ceiling and the materials used in it. For example, bricks, iron and cement,
2. The Tiles Cost for Floors, Bathrooms, Kitchen
3. Electrical Fittings across the house
4. Plumbing Accessories inside the house and outside the house
5. Internet, TV cables and intercom cabling charges (Optical Fibre Wiring Slot pre-fixed in the apartment, intercom cables)
6. The Cost of Painting Surface area inside the house and outside the house calculated based on inner surface area and outer surface area of the Cubiod or cube.
7. The Balcony Charges - Flooring, side walks, ceiling, Tiles,Electrical fittings,wiring and Ceiling
8. The Access Area charges - Verandah, Corridors
9. The Block Wise Amenities charges - Lift, Powerbackup, sumps, RWH, Solar water Heater, Solar panels, Overhead Water Tanks, etc.
10. The Car parking charges for each parking slot, charged for Floor area - construction charges - sides walls if any, height factor charges to park big cars - no construction charges involved and Pillars.
11. The UDS title right costs as per Government prescribed rates.
12. Marketing charges
13. Sales charges
14. Administrative charges
15. So on
Common Amenities Charges - Distributed equally to all the Apartment owners or based on the ratio or Volume of the Each Flat against the Total cost of Amenities.
1. Cost of Each Amenities - 100 amenities
2. Open Area Development Charges
3. The Cost of Each amenities could be at actual cost involved for construction, the materials used like bricks, cements, iron, tiles, electrical fittings, wirings, sports equipment purchased, cranes, labour, security, marketing, sales, and so on.
The builder when they detail out each of the material involved in the construction Flat wise and for common amenities. Then Pricing can be detailed out per flat and they share the cost for the common amenities. This ensures the GST charges are paid for each Bill of Materials priced in the Invoice against the Flat and every flat owner exactly knows how much he has contributed for the Common Amenities.
The FLAT WISE Charges could be paid phase wise and the common area charges could be phase wise. In my experience the common amenities are always built after all blocks are constructed and are made available. The phase wise collection of prices based on bill of material invoice component eases the pressure on the builders, the buyer's. This enables builders tighten their process, losses, maximize profit.
This ensures that the CARPET area for each area could be 80-90% as they pay each of the open area development, amenities separately as Bill of Material invoices.
For example in my case, the Flat that I am planning to Purchase (R506) with CASAGRAND FirstCity Project and the build up area or super built area or sale able area is 1264 Sq. Ft where as it's carpet area is just "767." This translates to only 60.68% living space. As a customer I would prefer to own 80-90% of the living area within my flat and, where as the 10% is distributed for access paths,private terraces and balconies.
However, if the builders carefully plan then 90%-98% of the area can be accommodated for living and the customer pays for Carpet area, access paths, private terraces or private gardens, balconies separately and they would not impact the CARPET AREA at all, similarly for all amenities within each block, for open area and for the common amenities like clubhouses, sports facilities and so on.
I hope this makes sense. Kindly, read my blogs for more details,
Flat Maintenance - A Bill of Material Invoice Approach, Would this resolve the Conflicts that arises in Apartments initially?
http://karthikeyankaruppanan.blogspot.com/2020/10/decent-reasonable-spacious-living.html
Car Parking in Apartments
The Sale Deed of a property—Should Contain Break Ups of All Costs – Bill of Materials
The Sale Deed of a property—Now should include a Annexure Document
Property Sale deed document of the future
Earth is Globe (Spherical) in Shape - PART A
A House or Apartment - Should have provision for Parking enough Vehicles as Priority Number One.
The GST Charges would then be paid by the customer / builder or both of them for all individual components in the Bill of Material invoice. The Sale Deed would also include the complete details of the Charges as per the Bill of Material and it could become an annexure to the Sale Deed document mandatorily by law in the future, along with Flat Plan, overall plan of the layout or project. This ensures the Owner or the customer and builder are compliant of tax laws, Sale Deeds law or Revenue act, etc.
Please also, mandatorily include Metering of Water Lines (Water Meters charged against each unit like Gas), RWH to full capacity, Solar Power Generation on the Terrace as all of these Amenities or measure by the builders themselves reduces the cost of Maintenance in the long run to the owner, the associations benefits the most.
What do we think or say about my ideas?
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