Attention: PSU Employees: This One Real Estate Mistake Can Cost You Lakh

A Must-Know Awareness Guide for PSU Employees & First-Time Real Estate Buyers

Buying a commercial shop or office space can be a great investment — but only if the deal is transparent and the buyer understands the technical details clearly.

At PSU Employees Homebuild, we regularly come across cases where buyers, especially working PSU employees, lose money because of one of the most common tricks in real estate: the Under-Declared Area Scam.

To help protect buyers from this hidden loss, we created a simple and short awareness video.

What Is the Under-Declared Area Scam?

In this scam, a builder takes payment for a larger area (example: 200 sq. ft.) but shows a much smaller area (example: 150 sq. ft.) in the official registry documents.

This means the buyer pays for 50 sq. ft. extra — but gets no legal proof of that space.

This practice is very common in commercial shop deals because buyers often get confused between different types of area calculations.

Understanding Carpet, Built-Up, and Super Built-Up Area

Real estate area terms can be tricky. Here is the simplest possible explanation:

1. Carpet Area

The actual usable area — where you can physically walk inside the shop.

2. Built-Up Area

Carpet area + wall thickness + balcony/utility areas.

3. Super Built-Up Area

Built-up area + proportionate share of common areas like staircase, lift, lobby, corridors, etc.

Most buyers confuse these terms, and some builders take advantage of this confusion to overcharge.

Real Example — A Loss of ₹6 Lakh

One of our PSU clients paid for 200 sq. ft. of shop area.

But in the registry, the area was recorded as only 150 sq. ft.

Difference: 50 sq. ft.

Financial loss: ₹6,00,000+

This is not a rare case — it happens frequently in many cities across India.

How to Avoid This Scam (Simple Checklist)

✔ Ensure the registry area matches the area used for payment

This is the most important and non-negotiable check.

✔ Ask for a clear breakup of Carpet, Built-Up, and Super Built-Up area

Do not rely only on what the builder verbally says.

✔ Understand the loading percentage

In commercial projects, loading varies widely, so clarity is essential.

✔ Seek an architect or independent consultant’s opinion

This is especially useful for high-value property deals.

✔ Read the ATS (Agreement to Sell) carefully

The area mentioned in the ATS must match the area for which you are being billed.

Why PSU Employees Need Extra Awareness

Working PSU employees have strong and stable income profiles. Because of this, many builders try to close deals quickly, assuming the buyer will not cross-check the details.

At PSU Employees Homebuild, our mission is to ensure every PSU employee makes real estate decisions that are safe, verified, and fully transparent.

This awareness video is a part of that mission.

Watch the Full Awareness Video

It explains the entire scam, area calculations, and real examples in a simple way:

Final Thoughts

In real estate, knowledge is your biggest protection.

Once you understand how area calculations work, you can easily avoid hidden losses and make smarter, safer investments.

If you need help verifying any shop, flat, or commercial deal before buying, PsuPedia.Com is always here to support you.



Visit Now