how much is loading factor specified by this palika in Dombivali area and how to calculated saleable area of flats.
i.e.
or instance, if a builder applies 1.25 as the loading factor, it means that 25 percent has been added to the carpet area. If the carpet area of a flat is 1, 000 sq ft, the super built-up area will be:
1000 sq ft + 1000 x 25% = 1, 250 sq ft.
OR
Suppose you invest in an apartment:
Super built-up area = 1, 000 sq ft
Carpet area = 700 sq ft
Carpet area x (1-Loading factor) = Super built-up area
700 x (1-Loading factor) = 1000
1-Loading factor = 1.42
Loading factor = 0.42 or 42 percent
OR
Duped by Builders
Builders usually calculate the loading area in a different manner so as to maximise their profit. Therefore, it is very important for buyers to ensure that the loading factor is correctly calculated.
In a similar case (as the one above), builders would dupe unsuspecting buyers by calculating a significantly less loading factor in the following manner:
1000 x (1 – Loading factor) = 700
1 – Loading factor = 0.7
Loading factor = 0.3 or 30 percent.
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