What is area index in SAP RE-RER - Real Estate Residential Solution?

SAP Term: area index

• Component: RE-RER

• Component Name: Real Estate Residential Solution

• Description: An index to describe the size of the project, phase, or building.

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• Key Concepts: 
  Area index is a feature of the RE-RER Real Estate Residential Solution component of SAP. It is used to calculate the area of a property, such as a house or apartment, in order to determine its value. The area index is based on the size of the property and its location. 
  
  How to use it: 
  The area index can be used to calculate the value of a property by taking into account its size and location. To use the area index, enter the size of the property in square meters and its location into the SAP system. The system will then calculate the area index and provide an estimated value for the property. 
  
  Tips & Tricks: 
  When using the area index, it is important to ensure that all information entered into the system is accurate. This will ensure that the area index calculation is accurate and that the estimated value of the property is correct. 
  
  Related Information: 
  The area index can be used in conjunction with other features of SAP, such as market analysis and valuation tools, to provide a more comprehensive view of a property's value. Additionally, it can be used to compare different properties in order to determine which one is more valuable.