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What is agreement for sale?
Agreement of sale is an agreement or contract in which property is transferred from the seller (vendor) to the buyer (vendee) for a fixed price in money paid or agreed to be paid by the buyer and accepted by the seller.
What is carpet area?
The area in the flat or the apartment, which you can cover using a carpet, is the carpet area. Also known as the net usable area, the carpet area is actually that space in your home, which can be used for laying a carpet. It includes the thickness of the internal wall but excludes the balcony or terrace.
The formula you should use for calculation is carpet area = area of bedroom + living room + balconies + toilets – the thickness of the inner walls.
What factor should I consider when buying a home?
Consider Location, budget, amenities, and future resale value.
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