Built-Up Area: What It Means for Property Valuation

Built-up Area refers to covered space within an asset’s boundary, including walls and sometimes half of surrounding corridors or balconies. It surpasses “carpet area” (net usable space) because it factors in structural thicknesses and certain external or common elements. Determining built-up area helps owners or buyers gauge actual space usage versus purely functional layout.

Key Points:

• More Inclusive: Counts internal walls, pillars, or partial exterior space.
• Different from Usable: Could inflate figures relative to occupant-usable floor area.
• Valuation Factor: Often employed in price calculations, especially if listing lumps everything together.
• Comparative Basis: Potential for confusion if multiple area definitions exist (like super built-up area or net area).

Understanding built-up area assists in realistic planning for furnishings, occupant capacity, and cost evaluation, particularly in multi-unit developments or precise contract terms.