Common use of Built-up Area Clause in Contracts

Built-up Area. The built-up area for the Designated Apartment or any other Unit shall mean the Carpet Area of such Unit and Servant Quarter (if any appurtenant thereto) and Balcony area and 50% (fifty percent) of the area covered by those external walls which are common between such Unit/Balcony/Servant Quarter and any other Unit/Balcony/Servant Quarter and the area covered by all other external walls of the such Unit/Balcony/Servant Quarter. The built-up area of the Open Terrace includes the Open Terrace Area and the thickness of the parapet walls thereof.