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Given the abbreviation of UDS, it is not at all a financial measurement unit. Rather it stands for an undivided share of land. This connotation relates to the real estate sector, concerning the property buyers of 2 BHK or 3 BHK flats in Kolkata.
What is UDS?
UDS is free from any physical boundaries. This helps measure the compensation if the property is demolished or revamped. This can be simplified as this:
When you buy 2 BHK or 3 BHK flats in Kolkata, you invest in the construction and the land. UDS is the portion of the land a buyer co-owns with the project developer.
This means that if you are an apartment owner, you naturally become co-owner of the land with the builder.
An undivided share of land points to the proportion of the land held by a buyer of apartments in Kolkata. When you purchase a flat, you are equally paying for the residence and the land area. This is UDS. Simple, right? But let’s know the utility of UDS.
How do we use UDS?
UDS is one of the deciding factors in measuring the value of the property. It helps during the resale of the property. If one is not assigned an undivided share of the land on the agreement papers, the person does not get the permit to resell the property.
It is used to measure the property price during reselling. The owner of the new apartments in Kolkata gets compensated when the property is damaged based on UDS. You get no compensation with no UDS. Additionally, if you are applying for a home loan, an undivided share of land is the prime factor the lender asks and looks for.
How to calculate UDS?
Calculating UDS is simple. You need a single formula to formulate the property value. The formula is Undivided share of the land formula: Total land area x Size of the individual apartment / Total area of all apartments in the building
Calculating UDS (Example)
Suppose there are two 3 BHK flats, four 2 BHK flats and a single 1 BHK apartment in Kolkata. A 2 BHK apartment is approximately 800 sq. ft, and 1 BHK and 3 BHK apartments cover more than 600 sq. ft and 1000 sq. ft.
If the entire land area is 10,000 sq ft., UDS can be calculated as follows:
Total land area
4 x 600 + 4 x 800+ 2 x 1,000 = 7,600
Size of individual apartment = 800
The total area of the apartment = 10,000
10,000 x 800 / 7600 = 1,053 sq ft (approx)
This says an individual will get 1,053 sq ft as an undivided share of land.
Check and re-check
To get an accurate UDS, you have to calculate your own UDS. To get UDS, you should know the area size and the price of the apartments in Kolkata. You must check and re-check your sale agreement thoroughly to know whether you received UDS or not.
Capitalise UDS at Orchard Amritaya
You can make the most out of UDS or an undivided share of land at Orchard Amritaya by Oswal Group. At Orchard, we provide buyers with our stunning riverside apartments in Kolkata. Given our modern amenities and luxury facilities, you can taste a new life at our apartments overlooking the serene Ganga River.
We hold the buyers dear and extend our helping hands to them. So, fretting over UDS is a matter of the past. From guiding them during the sale agreement to calculating UDS, we have covered everything for them.
Before you worry about UDS anymore, check out Orchard Amritaya. You can get a quick overview of what your life will be like at our riverside apartments. Give it a go and live your life exponentially.
FAQs
Q. Is UDS useful in real life?
UDS is helpful while you are re-selling your property. It aids in providing compensation when your property is revamped or damaged.
Q. How does one calculate the undivided share of land?
The undivided share of land or UDS can be calculated using the formula:
UDS = Total land area x Size of the individual apartment / Total area of all apartments in the building.
Q. What is the best flat in Kolkata that helps buyers with UDS?
You can check out Orchard Amritaya by Oswal Group in Kolkata. They provide the best riverside apartments, overlooking the calm Ganga River. Their legal process is hassle-free.
Q. What is the importance of an undivided share of land?
UDS is important to measure the compensation if your property is damaged or is undergoing a renovation.