Real Estate

Buying: What is the carpet area of the property? What is the possession date? What is A Khata & B Khata?

Definition of Carpet Area
When we talk about a property's carpet area, we are referring to the actual usable area within the walls where one can lay a carpet. It includes all the areas within the apartment, from the walls to the internal partitions.

Definition of Built-Up Area

The Built-Up Area includes the Carpet Area plus the thickness of the inner walls. It accounts for the total space covered by the property, including walls and other structural components.

Definition of Super Built-Up Area

Super Built-Up Area encompasses the Built-Up Area along with common spaces like lobbies, staircases, elevators, and amenities such as a gym or clubhouse. It represents the total area you will have access to in a multi-unit building.

Definition of Possession Date

The possession date is a big deal in real estate. It's the date that kicks off a chain reaction of buyer and seller obligations. It's also the day when keys are handed over, and ownership is officially passed from one party to another. It's like the grand finale of a real estate transaction fireworks show.

Definition of A Khata & B Khata

A Khata and B Khata are classifications used in property documentation, primarily in Indian cities like Bangalore. A Khata means the properties that are legal and have all necessary approvals and documentation, while B Khata means the properties that lack some approvals or violate zoning regulations. The main difference lies in their legality and eligibility for certain benefits.