Saleable Area
The area used by a developer or seller for property pricing and sale calculations.
Detailed Explanation
Saleable Area is the area on which a property may be marketed or priced. Depending on the project, it may include the built-up area and a proportionate share of applicable common areas.
In Plain Terms
This is often the number used to calculate the property's price. It may be bigger than the actual usable space inside the apartment.
Saleable Area calculation methods can vary by project and should be verified from the applicable property documentation.
Related Terms
This definition is provided for general informational purposes only and is not legal, financial or tax advice. Property rules and authority policies can change — verify current requirements with the relevant authority or a qualified professional.