Do you always get baffled with the real estate jargon which you come over during the time of looking for an ideal property? How about knowing those terms and being clear about it? Yes! That not only clarifies your doubts, but also makes you aware of the jargon, avoids confusion and adds confidence when discussing of looking for a property like Sobha Royal Pavilion. To make the discussion easy regarding owning a property,the customers must be aware of the precise jargon being used in real estate, dealing with a property like Sobha Royal Pavilion gets smoother. The very common terms you notice during the discussions are the carpet area, built-up area and square built-up area and now let’s have a glance on its meaning and calculations of these terms.

Carpet Area: The carpet area is the first term which will be uttered by a real estate agent while discussing the dimensions of a house. The carpet area is the area of a house where carpet can be laid. It means the usable area in the apartment which is generally around70% of the entire area of your house. It covers the living room, bedroom, kitchen and other rooms as well. The staircase is also a part of this carpet area. The wall thickness, utilities, balconies and terrace parts of the house are all excluded from the carpet area. Other common areas like the lift, lobby, play area and the club house are also excluded from this area.

Built-up Area: The built-up area is simply the carpet area along with the combination of wall thickness. Wall thickness, living room, bed rooms, kitchens, stairs, balconies and the terrace is called the built-up area. Any conventional house or an apartment consists of all the above-mentioned things. Adding 10-15% more of the other spaces to the carpet area of a house is concluded to be the built-up area.

Super Built-up Area: Finally, it is the super built-up area. This area involves the sum of the common areas and amenities of the property such as the lift, lobby, play area, parks, chub house, staircases, shafts along with the built-up are of an apartment or a house. It is also termed as saleable area because this is the amount of the area the real estate agent discloses to their customers.

Still with a bit confused mind? Let’s make it clear with one simple equation for you to understand easily. This will help you to make a clear understanding.

      Carpet Area = Actual Area covered by carpet - wall thickness

      Built- up Area = Carpet Area + wall area + balcony

      Super built-up Area = Built-up area + other common areas

The above description of the jargon and the simply explained equation helps any individuals to deal with the developers in order to avoid frauds to enter. The above terms are the basic jargon which will be used when talking to a Sobha developer. Being smart and playing with these terms will reveal your confidence to the dealers. Have a clear understanding and then discuss the dimensions of your house in Sobha Royal Pavilion in Sarjapur Road located towards the Sarjapur Road which is near to the nearby office spaces and the excellent amenities which are assured by the property to avoid time-waste of residents and lead a perfectly healthy and soothing life. Hurry up to grab this dream home of yours.

Planning for apartment buying?

Apartments work out to be the better choice of investment since it is on a more affordable scale than the independent homes. Few advantages of owning an apartment are:

•           Security the prime element
•           Affordability
•         The cost of the total maintenance of the apartment is divided among the flats in the property and is taken care of by the welfare association.
•          Lifestyle amenities and Essential amenities like inverter or a generator set, water supply, common electricity, cleaning, garbage disposal and other minor facilities are taken care of by the welfare association.

The Desire to Have an Independent Home?

Home buying is an enormous task which needs a complete analysis of the financial conditions and responsibilities before and after buying. Whichever investment you are doing, know the associated cost that comes along with the investment. Distinguish your capabilities and invest according to your affordability or budget.

Having an independent home has some advantages like:

•            Greater privacy
•            You can design your property as per your requirement
•            Promised Quality of construction
•          Up surges the value quickly according to demand, and provides a risk-free nest for the future.
•            Pride in home ownership of independent villa
•           Affordability

Independent home is always the best option for buying is since advantages of the individual homes over rule the apartment buying. Invest in the best individual homes developed by the trustworthy leading developer of the country the Prestige Group. the company has come up with the exclusive residential solutions the Prestige Palm Residences in the best locations of Mangalore in Karnataka.

The Prestige Palm Residences worth buying in port city of Karnataka

Prestige Residences venture is situated in the best neighbourhood among the multi-culture spread amidst the perfect neighbourhood. Palm Residences Mangalore property is well-surrounded by prominent schools, banks, restaurants, beaches, colleges, markets, ATMs, shopping centers and health care centres for the residents comfort. The venture is ideally located on the Mangalore – Kochi National Highway for the best connectivity and accessibility. The project also extends matchless accessibility to the key landmarks regions for the best stay of the occupants. The location is accessible easily from all the corner of the city and enjoys the public transportation facility round the clock. The Mangalore airport is also a few minutes’ drives from the property for the ease of access of the residents. Employment opportunities in Mangalore are matchless since it is one of the key contributors in the Iron-Ore, Automobile, fertilizers, Petrochemicals, and agricultural processing. Major IT giants like TCS, Wipro, Infosys and many more have their establishment in Mangalore and the project is accessible from entire city effortlessly. The location features excellent civic amenities and excellent infrastructure. The property is connected via modes transportation and public transportation facility can be availed round the clock for the best accessibility with the entire city.

In this new year make a perfect resolution to Buy Prestige Palm Residences!!!

Suggested Links:

https://www.sheryna.in/Prestige-Palm-Residences-Mangalore-453402

https://housing.justlanded.com/en/India_Uttar-Pradesh/For-Sale_Houses/Prestige-Palm-Residences

https://prestigepalmresidences.blogspot.com/

https://adzilla.in/2018/12/31/prestige-palm-residences/

http://real-estate-properties.over-blog.com/2018/12/mangalore-to-provide-rising-profitable-opportunities-in-the-property-market.html

Housing prices are soaring the sky in recent years. Since real estate appreciation is a great source of financial security in future there is increasing interest from end user for buying a property. But, what is it that make the prices go so high?

Before digging deep, if you are planning to indulge in buying a home, Godrej West Winds is a safe bet at Gurgaon Sector 85. 

Rundown the factors that shoot up the prices of your dream home.

Location of the property: Location is the market driver. Each and every development in an area that positively impact the conveniences and desirability of living in that area drives the property market condition of that area. The proximity of health and education centers, arrivals of new malls and shopping complexes, any new infrastructure development like flyover or public transport conveniences all this leads to surge in price of property in an area. 

Demographic: the increasing migration increases the level of population thus resulting to increased demand of abodes in an area. This increasing demand of homes directly appreciate its price. Also, the change in demographics like the increasing number of single people due to divorce in the area, have the same effect.

The demand & supply: If the supply of residential unit in a particular area fails to meet the increasing demand at same pace, the prices of the property in that area tend to increase. That means aspiring buyers are ready to pay more for a residential space in that area because of its desirability and attractiveness.

Inflation: Excess of money flow in the market reduces its value causing the prices of the inputs like cost of labor, land, construction material and the statutory documents to increase. However, if the supply of residential units are more or the area has poor social and civic infrastructure, this inflation do not affect the property price of that area. 

Last, but not the least, Interest rates on home loans: The upward and downward movement of the interest rates on home loan directly affect the price of the property. When the interest rates are high the demand of homes goes down because fewer buyers are ready to pay higher high EMIs Or afford the same. Similarly, when cost of borrowing decreases the affordability of the end user increases improving the market condition because of increased demand of abodes.

All said and done, you should be able to identify, what decides how much your home Godrej West Winds Sector 85 Gurgaon is worth. Before you start buying a residential space, play smartly and be sure of the price appreciation potential of your investment.