This paper presents parametric area estimation model for implementation using FPGA's from the Xilinx Spartan 3E family. Accurate estimates of the FPGA resources required provides the system designer important feedback on area which is valuable even during early design iterations. Detailed model for accurately estimating the number of LUT's, block RAMs and 18X18 multipliers for benchmark circuits like FFT8,DCT8 etc.. have been developed. In all cases model coefficients have been derived by using curve fitting analysis. Estimates are conservative, and accurate to within 12% of the post-mapping implementation report. In this paper ,we explain how block resource information is characterized in a MATLAB function. Area estimation in terms of LUT's is with an average error of 6.37% for Spartan 3E.