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What is Price per Sq Ft?

Price per Sq Ft (Price per Square Foot) is a common real estate metric used to determine the cost of a property based on its total built-up or carpet area. It shows how much a buyer is paying for each square foot of space and helps compare property values easily.

Factors That Affect Price per Sq Ft

  1. Location

    • Prime areas have higher price per sq ft
    • Connectivity, infrastructure, and amenities increase value
  2. Property Type

    Residential apartments, villas, and commercial spaces vary in pricing.

  3. Construction Quality

    Premium materials and design increase cost per sq ft.

  4. Demand & Supply

    High-demand areas often see rising price per sq ft.

Types of Area Used in Calculation

  • Carpet Area: Usable internal area of the property
  • Built-up Area: Carpet area + walls and additional spaces
  • Super Built-up Area: Includes common areas like lifts, lobby, etc.

Always confirm which area is used before comparing prices.

Price per sq ft is one of the simplest and most effective ways to evaluate property value in real estate. It helps bring transparency and consistency when comparing different properties in the market.

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