Understanding Square Meters to Square Feet Conversion – Why
It Matters When Applying for a Loan Against Property

When you apply for a Loan Against Property, one of the first things your lender will assess is the value of your property. And that’s where precise measurements matter. Whether your property papers mention area in square metres or square feet, understanding how to accurately convert m² to ft² ensures accurate measurements and calculations.   

Let’s explore why the square meters to square feet conversion plays such an important role in determining your property’s worth, and, by extension, your borrowing capacity. 

The Role of Property Area in Loan Against Property

When lenders evaluate your LAP application, they determine the property’s market value using multiple factors—such as location, market trends, amenities, and built-up area. 

In India, the built-up or carpet area is often stated in square feet, whereas government records or property registration documents may show the same in square metres. Without conversion, this difference can lead to confusion or undervaluation. 

That’s why understanding square metre (m²) and square foot (ft²) and how to calculate them correctly is essential to ensure your property’s value is fully recognised during appraisal. 

Square Metre vs. Square Foot – What’s the Difference?

Both square metre (m²) and square foot (ft²) measure area, but they come from different measurement systems. 

• Square Metre (m²): The metric unit used in official documentation, construction drawings, and municipal records. 
• Square Foot (ft²): The imperial unit preferred in real estate transactions, especially in valuations, sale deeds, and loan documentation. 

Since India commonly uses both, accurate conversion between the two helps maintain consistency across all reports and avoids discrepancies in your loan evaluation file. 

How Many Square Feet is a Square Metre?

The conversion ratio is constant: 
1 square metre = 10.7639 square feet 

That means every square metre of area equals roughly 10.76 square feet. 

To convert m² to ft², multiply the area (in square metres) by 10.7639. 
For instance: 

• 50 m² × 10.7639 = 538.19 ft² 
• 100 m² × 10.7639 = 1,076.39 ft² 

Now, think of this in valuation terms—if a property is listed at Rs.10,000 per sq ft, then a 100 m² property would translate to: 
1,076.39 × 10,000 = Rs.1.07 Crore in market value. 

This quick calculation can give you a near-accurate idea of the value your lender might consider when assessing your Loan Against Property eligibility. 

The Area Conversion Chart – Your Quick Reference Tool

When comparing or calculating multiple properties, using an area conversion chart can be handy. Here’s one you can refer to: 

Square Metres (m²)	Square Feet (ft²)
1 m²	10.7639 ft²
10 m²	107.64 ft²
25 m²	269.10 ft²
50 m²	538.19 ft²
100 m²	1,076.39 ft²
200 m²	2,152.78 ft²
300 m²	3,229.17 ft²
500 m²	5,381.96 ft²
1,000 m²	10,763.9 ft²

 

How Conversion Affects Loan Eligibility

Let’s take a practical example. Suppose you own a property in Pune measuring 240 m², and the local property rate is Rs.8,500 per sq ft. 

Step 1: Convert the area to square feet: 
240 × 10.7639 = 2,583.34 ft² 

Step 2: Estimate the property value: 
2,583.34 × 8,500 = Rs.2.19 crore 

Step 3: Estimate the eligible Loan Against Property amount (say, 65% of property value): 
65% of Rs.2.19 Crore = Rs.1.42 Crore (approx.) 

Read Also: How to Convert Hectare to Bigha? 

Using an Area Conversion Tool – When Speed and Accuracy Matter

Manual calculations work fine for one or two conversions, but if you’re dealing with multiple assets or larger properties, an Area Conversion Calculator from Bajaj Housing Finance can make things faster and error-free. Follow the steps given below to convert easily: 

1. Select the measurement you wish to convert. For example, enter the area of your property in square metres (m²) if your documents mention this unit. 
2. Choose the units of the entered measurement. Indicate whether your current value is in square metres or square feet, depending on the information available. 
3. Select the unit you want to convert to. Choose square feet (ft²) if you want to convert from metres, or square metres (m²) if you need to convert the other way round.  

So, before you finalise your Loan Against Property application, check your property documents, confirm the area units, and convert m² to ft² correctly.