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Your personal archive of refined definitions, expert answers, and insights reserved for those who seek precision in every property decision.
Buying or investing in property is one of the biggest financial decisions in life. This guide helps you understand the basic concepts, legal terms, and important questions related to property buying, selling, and investment.
Master the key terminology that every property buyer, seller, and investor should know.
A preliminary contract outlining terms before final sale deed.
Carpet area + wall thickness + balcony area.
Usable floor space within walls.
Minimum value set by the government for property transactions.
Proof that construction matches approved plans.
Shows property is free from any legal dues or mortgage.
Floor Area Ratio/Floor Space Index — defines how much can be built.
Full ownership of land and building.
Ownership for a limited period (like 99 years).
Change of ownership in government records.
Approval from authorities for construction/sale.
Proof that a building is ready to occupy.
Authorization to act on another's behalf.
Real Estate Regulatory Authority for buyer protection.
Minimum government-set valuation for property.
Legal recording of property ownership transfer.
Tax paid for registering property ownership.
Legal proof of property ownership.
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