Impact of Transition from Super Built-Up Area to Carpet Area Calculation on Real Estate Price in Gujarat

Abstract

This study explores the impact of transitioning from the super built-up area to carpet area calculation on real estate price in Gujarat, focusing on the cities of Ahmedabad and Rajkot. The shift aims to provide more transparent and precise property measurements, enhancing buyer confidence and market transparency. Using a mixed-methods approach, the research includes a comprehensive literature review and an extensive survey of stakeholders to assess the perceived effects on market dynamics, consumer preferences, and pricing trends. Findings indicate a significant consumer preference for carpet area calculations, with 72.5% of respondents favoring it over the super built-up method, and 58.8% acknowledging its influence on their investment decisions. The transition is expected to increase property prices, potentially stabilizing at ₹18000 to ₹19000 per sq. ft., and improve sector credibility. However, challenges related to market acceptance and practical implementation are noted. The study underscores the importance of regulatory frameworks and consumer education in facilitating this transition and optimizing its benefits for the real estate market in Gujarat​.