Quote:
Originally Posted by Venkytalks
During recession, builder will sell 1200 sf flat with 950 sf carpet area (at say 5000 psf) Price 60L. In boom, he will change the plan slightly, call the same flat as 1500sf flat and sell for 6000 psf (Price=90L)
Both will get almost the same flat, maybe 1000sf carpet area for second scenario. Builder will pocket another 30L for nothing extra.
I have personally seen this happen with Ramprastha Atrium/View and Tulip Orange/White (in Gurgaon NCR).
Caveat Emptor.
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Can the builder actually do what you are saying ? Atleast in Bombay the the builder gets a fixed FSI so no matter how much carpet area he keeps in each flat the overall developable remains the same for him. So, if a builder gives a flat with low carpet area compared to Built Up, it could be a case poor design but, financially I don't see the benefit since all flat are sold on Built Up area and the total built up area for the project is fixed. So, by tinkering with the Carpet Area the builder doesn't make any more money.
In a project whether a builder sells 1 lakh sq ft built area with 70k carpet or 1 lakh sq ft built area with 60k carpet he is still going to charge based on the 1 lakh sq feet and the number (1 lakh sq feet) depends on the FSI he has for the project.