Carpet area vs sale area explained, with real examples from Prima Altiora
Carpet area vs sale area: what each means and how to compare price per sq ft fairly, with Prima Altiora's 2 and 3 BHK layouts as examples.
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Before you visit a project, work out what you can comfortably pay every month. These worked examples use simple, clearly stated assumptions, so change them to match your own loan offer.
The assumptions
- Loan amount: 75 percent of the starting price
- Interest rate: 8.5 percent a year (illustrative only)
- Tenure: 20 years
- Fixed rate for the whole period, for simplicity
Real rates, loan-to-value limits and eligibility differ by lender, borrower profile and market conditions, so use these numbers as a template.
Worked examples
| Home | Starting price | Loan (75 percent) | Approx. monthly EMI |
|---|---|---|---|
| 2 BHK (791 sq ft carpet) | Rs 1.09 Cr | Rs 81.75 lakh | Rs 70,900 |
| 3 BHK (1,076 sq ft carpet) | Rs 1.49 Cr | Rs 1.12 Cr (Rs 111.75 lakh) | Rs 97,000 |
The down payment in each case is the remaining 25 percent of the price, plus other costs such as stamp duty, registration, GST where applicable, and parking.
Rules of thumb
- Many lenders look at your total monthly obligations as a share of income, often somewhere around 40 to 50 percent, but policies vary
- Keep an emergency fund of several months of expenses in addition to your down payment
- Compare the total interest payable across tenures, and check for prepayment charges
Use it with the rest of your research
Pair this with our 2 BHK vs 3 BHK comparison and the price and rental numbers for Wakad.
How tenure changes the EMI
A longer tenure lowers the monthly EMI but increases the total interest you pay, while a shorter tenure does the opposite. Many buyers choose a tenure they can comfortably afford and then make part-prepayments when they have surplus funds.
Ask each lender about prepayment charges, processing fees and whether the rate is linked to an external benchmark, since these details affect the real cost.
Interested in Prima Altiora, Wakad?
Premium 2 & 3 BHK homes in Vinode Nagar, Wakad, starting at ₹1.09 Cr*. Get the price sheet, floor plans and brochure from our team.
Before you decide
Ask two or three banks for a written sanction estimate. This gives you a real EMI figure, and comparing offers can save a lot over the loan's life. This article is general information, not financial advice.
Frequently asked questions
What is the EMI for a Rs 1.09 Cr flat?
With a 75 percent loan, 8.5 percent interest and a 20-year tenure, the EMI is about Rs 70,900. This is an illustration only.
What is the EMI for a Rs 1.49 Cr flat?
Under the same assumptions, the EMI is about Rs 97,000. Actual rates and eligibility depend on the lender and your profile.
How much down payment do I need?
In these examples the down payment is 25 percent of the price, plus other costs such as stamp duty, registration and parking.
