The Gross Area Trap Don’t Fall for It
When investing in a luxury apartment, understanding the terms “gross area” and “net area” is crucial. At Mayfair Residencia—an LDA-approved project located on Canal Road, Lahore—we believe in complete transparency to ensure our customers get the best value for their investment. Unlike many developers who sell apartments based on gross area, we focus on net area to offer honest and client-friendly pricing.
What Is Gross Area?
Gross area includes the total constructed space of a property. This measurement typically accounts for:
- Walls (both internal and external)
- Shared spaces (like lobbies, staircases, and corridors)
- Utility areas (e.g., lifts and ducts)
In essence, the gross area measures every square foot of space you’re technically paying for, even if it’s not exclusively yours to use.
What Is Net Area?
Net area refers to the usable space within your apartment. It’s the area you can truly call your own and includes:
- Living rooms
- Bedrooms
- Kitchens
- Bathrooms
Net area excludes shared spaces and structural components, offering a clearer picture of the space you’ll actually occupy.
Why Selling by Gross Area Can Be Deceptive
Many developers in the real estate market price their properties based on gross area, which can lead to:
- Overpricing: Clients often pay for space they cannot use, such as lobbies and staircases.
- Confusion: Buyers might assume they’re purchasing more livable space than they actually receive.
- Hidden Costs: The actual usable area might be significantly smaller, making the price per square foot much higher than advertised.
Why Purchasing Net Area Is a Prudent Choice
Choosing to invest in a property based on net area ensures that you:
- Get What You Pay For: With net area, you’re only paying for the space you’ll directly use and enjoy, avoiding unnecessary costs.
- Maximize Usable Space: Every square foot of your investment is functional, ensuring better utilization and comfort.
- Accurately Compare Properties: Comparing properties becomes easier and more transparent when you know the exact livable area you’re buying.
- Avoid Overpaying: By avoiding the inflated costs associated with gross area, you can allocate your budget more effectively.
- Enhance Resale Value: Properties measured by net area tend to have better resale value since future buyers can see the clear benefits of a usable-space-focused approach.
How Mayfair Residencia Ensures Transparency
At Mayfair Residencia, we’re redefining real estate ethics by selling apartments based on net area, ensuring:
- Fair Pricing: You only pay for the space you’ll occupy and enjoy.
- Cost-Effectiveness: Our pricing structure reflects the true value of your investment.
- Trust and Integrity: As a project by Sheranwala Developers, we’re committed to honesty and customer satisfaction.
Luxury Living at Affordable Prices
Mayfair Residencia offers luxury apartments starting at just PKR 80,000 per month on a four-year installment plan. With this competitive pricing and a focus on net area, we provide unparalleled value for your money. Plus, our LDA-approved status ensures that your investment is secure and legitimate.
Conclusion
When comparing properties, always ask whether the pricing is based on gross or net area. At Mayfair Residencia, we prioritize your interests by offering clear, net-area-based pricing. This approach not only saves you money but also builds trust—a cornerstone of Sheranwala Developers’ legacy.
Ready to experience luxury living with honesty and transparency? Visit Mayfair Residencia on Canal Road, Lahore, and see why we’re setting a new standard in the real estate market.
For more information please give us a call at 03-111-228-228 or visit our website mayfairresidencia.com or Sheranwala.com