Buy Apartments in Noida and Greater Noida

Buy Apartments in Noida and Greater Noida

What is meant by loading? The difference of the super built-up area and the carpet area of an apartment is termed loading. This means that a loading of 30 percent would imply an apartment to shrink to 1220.00 sq. ft. when it was advertised as 1645.00 sq. ft. and the customer bought the apartment thinking it to be so. A common phenomenon that has been observed and had been a primary reason for customer's dissatisfaction and complain is people find their apartments spaces much below their expectations and land up in small spaces. Recently the extent of loading by the developers has been on the rise, year after year. Many have the question, why! Let us probe in to the reasons why the trend of loading in the real estate industry has been on the rise. ATS Rhapsody Resale / ATS kabana high Resale / ATS Nobility Resale / ATS Veritas Resale

Primarily the advent of the culture of gated community and apartments with swimming pools, club houses, gymnasium, elevators and stair cases which has become the necessity owing to the need of the clientele to have all life style infrastructure under one roof and also for the building being multi-storied. No doubt, the customer is endowed with a plethora of benefits in the gated community which is made available at the disposal of the customer but at the cost of loading from the developer. Although the buyer pays a maintenance cost for the enjoyment of all these amenities, there is undoubtedly a construction cost of these properties as well, which has to be borne by the developer. Thus it becomes necessary for the developer to charge on the super built-up area.

Loading for standalone buildings, villas and builder's floors are minimal or even nil as these are not supported by the extra amenities. In today's times, loading is prevalent in almost every city with percentages varying from 20 to 60 per cent. In cities like Noida, loading is in the range of 25- 35 per cent, while in Mumbai it is as high as 60 per cent. It can be well understood that although we cannot abolish loading with the increasing trend of extra amenities being added to modern apartments but a regulation regarding this can be surely formulated. As there is no regulation in this regard at present, the developer is free to increase the loading as much as he wants. If there is a regulator, there can be a ceiling on the extent of loading by the developer on the residential projects. But till then the buyers' caution is required and not get flowed by the marketing stunts and advertisements which could be misleading. You may land up in a small apartment that you never expected at all. So, as of now caution is the buzzword in this regard.