Dear All,

Looking for some input as I was planning to go to India in March to sell my apartment in Mumbai and bring the money here in Toronto.

Now with this new changes in India, how to handle this situation? can anyone find a buyer here in Toronto?

Any suggestions/input are most welcome.

Thanks
A

Hi Futureguy,

I had sent you a message, please check.

Thanks

I am in the Real Estate division and hence I want to clear some misconceptions.

Carpet area is the area where you can put the carpets (without calculating walls)

Built up area is the area where you put the carpets and you also include the walls of your apartment

Super built up area is where you put the carpets, the area of the walls of your apartment and a portion of common services area that you use like corridor, staircases, lift, water tanks, STP etc.

Generally there is a 20% loading on the Built up area which is added to form the super built up area. Based on the design, it can range from 7% to 33%.

Clubhouse and parking area is extra and you pay a one time fee for it.

To maintain all this you pay maintenance fee per month. This depends on the area, location, usage etc...

For apartment buying / selling only super built up area is used.

For leasing commercial spaces, only carpet area is used.

Practically, it does not matter. If the going rate for super built up area is Rs 80 sft While stating carpet area, you say Rs 100 per sft

Murali

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