What is an Area Statement?

An area statement is a detailed document that breaks down the different measured areas of a property, including carpet area, built-up area, and super built-up area, along with common facilities included in the calculation. It provides transparency into exactly how a property's total quoted size is derived.

Components of an Area Statement

• Carpet area refers to the actual usable floor space within the walls of a unit, excluding common areas.
• Built-up area adds the thickness of walls and balconies to the carpet area for a slightly larger figure.
• Super built-up area further includes a proportional share of common spaces like lobbies, corridors, and amenities.

Why Area Statements Matter to Buyers

• They help buyers understand exactly what they are paying for, since pricing is often based on super built-up area.
• Comparing area statements across projects reveals differences in loading factors and true usable space value.
• Discrepancies between advertised area and actual measured area can indicate potential misrepresentation by a developer.

How to Use an Area Statement Effectively

• Always request a certified area statement alongside floor plans before signing a purchase agreement.
• Cross-check the stated carpet area against physical measurements where possible before finalizing a deal.
• Use the area breakdown to calculate a more accurate price per usable square foot for comparison purposes.

An area statement brings clarity to one of the most confusing aspects of property transactions: how total size is measured and priced. Reviewing it carefully helps buyers make accurate comparisons and avoid overpaying for space they cannot fully use.