Search result for Real Estate Glossary
The Real Estate Investment Checklist
Sufficient amount of in-depth research about a location and its surrounding places including emerging connectivity and potential developments, among other factors, need to be accounted for before choosing an
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11/16/2018 4:05:29 PM
Vastu Tips For The Kitchen
Vastu tips for the kitchen - "The south-east corner is considered the best as the element of fire governs in this direction. Hence, it is the best option for making the kitchen."
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8/20/2018 6:53:38 PM
What is Pre-Approval Letter?
Pre-Approval Letter: Before applying for a mortgage or even start looking for a home, one should get a pre-approval letter from the bank, which is an estimate of how much they can lend.
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7/29/2018 3:28:34 PM
What is Encumbrance Certificate?
Encumbrance Certificate acts as an assurance that the property to be purchased or sold, is free from any financial or legal liability, such as a loan that has not been cleared, or a mortgage on the property.
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7/29/2018 3:21:15 PM
What is Construction Linked Plan?
Construction Linked Plan refers to a payment plan which is devised for property purchases where the total cost of a property is paid in divided installments, linked to progress of a project.
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7/29/2018 3:05:54 PM
What is Property Tax?
Property tax is a tax assessed on real estate. The tax is usually based on the value of the property (including the land) a person owns and is often assessed by local or municipal governments.
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5/1/2018 4:27:28 PM
What is Pre-Approval Letter?
Before applying for a mortgage or even start looking for a home, one should get a pre-approval letter from the bank, which is an estimate of how much they can lend.
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4/30/2018 6:49:50 PM
What is Encumbrance Certificate?
Encumbrance Certificate acts as an assurance that the property to be purchased or sold, is free from any financial or legal liability, such as a loan that has not been cleared, or a mortgage on the property.
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4/30/2018 6:33:07 PM
What is Sale Deed?
Sale Deed: Sale Deed provides the buyer the absolute and undisputed ownership of the property. With this document, the seller transfers his right of property to the buyer.
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4/29/2018 4:09:16 PM
What is Carpet Area?
Carpet Area - The net usable floor area of an apartment, excluding the area covered by the external walls, areas under services shafts, exclusive balcony or veranda area and exclusive open terrace area, but i
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4/3/2018 6:24:16 PM
What are the Common Areas in Real Estate Project?
Common Areas.
1. The entire land for the real estate project or where the project is developed in phases and registration under this Act is sought for a phase, the entir
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4/3/2018 6:11:46 PM
What is Completion Certificate?
The completion certificate, or such other certificate, by whatever name called issued by the competent authority certifying that the real estate project has been developed according to the sanctioned plan, la
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4/3/2018 6:04:57 PM
What is Compensation and Penalty in Real Estate?
Compensation is an amount adjudged by the adjudicating officer in case of a complaint filed by an allottee/purchaser. The amount has to be paid to the allottee/purchaser. Penalty is an amount decided by the a
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4/3/2018 5:43:40 PM
What is Commencement Certificate?
The commencement certificate or the building permit or the construction permit, by whatever name called issued by the competent authority to allow or permit the promoter to begin development works on an immov
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4/3/2018 5:35:53 PM
What is Advertisement in Real Estate Sector?
Any document described or issued as advertisement through any medium and includes any notice, circular or other documents or publicity in any form, informing persons about a real estate project, or offering f
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4/3/2018 5:30:46 PM
What is Green Building?
A Green construction (or sustainable building) is a structure that is environmentally efficient from planning to design, construction, operation, maintenance, renovation, and demolition.
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3/30/2018 5:32:31 PM
What is Joint Ownership Agreement?
Joint Ownership Agreement is when two or more owners agree to buy a property. It allows prospective owners to also decide on their intent to maintain the property.
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3/22/2018 5:38:15 PM
What is Land Tax?
Land Tax
It is a tax levied on the value of any property acquired by any person by way of a transaction or in any other way. These are the land tax rates ap
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3/22/2018 3:21:00 PM
What is Agreement of Sale?
The terms and conditions of a sale of a property are laid down in this agreement. They include the transaction price of the property and the future date of full payment.
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1/25/2018 12:40:52 PM
What is Contract of Sale?
An agreement relating to the sale of the property, which expresses the terms and condition of sale.
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1/25/2018 12:34:46 PM
What is Mutation?
After one has completed a real estate transaction, it is important to do the mutation of the property which makes the government charge property tax from the rightful owner after a property has been sold or transferred.
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1/18/2018 3:25:01 PM
What is Establishment Fee?
Let’s break down your illusion that Real Estate is complex in structure and intricate to understand. Don’t be confused next time you hear: 'Establishment Fees'
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1/9/2018 3:38:35 PM
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