The Role of Balconies and Terraces: Their Treatment in Carpet and Built-Up Area

Ans: Balconies and terraces can add value to a property by providing additional outdoor living spaces, enhancing views, and increasing the overall appeal of the property.

Ans: The treatment of balconies and terraces in carpet and built-up area calculations can vary based on property type, developer guidelines, and local regulations. 

Ans: Carpet area is just the living/usable space inside the walls of your home. Built-up area includes the carpet area plus the area occupied by walls, balconies, terraces, and staircases.

Ans: No, balconies and terraces are not included in the carpet area, even if they are attached to your home and for your exclusive use.

Ans: Yes, the area of balconies and terraces gets added to the built-up area, along with the area covered by walls and staircases, in addition to the carpet area.

Ans: Properties with larger balconies or nice terraces are usually priced higher compared to similar properties without these extras. This makes a property more desirable and valuable.