Tall, narrow and multi-storeyed houses where they share their boundaries with the adjacent units are Townhouses. The term derived when the suburban elites would prefer having a house in the city-centre for the occasional city trips. Nowadays, Townhouses are highly regarded properties due to their proximity to a said business district of an urban scheme. These houses are densely packed with a touch of sophistication and luxury.

The fiscal value of an asset which reduces over time due to usage, wear and tear or obsolescence. This is depreciation, it is also calculated on a set assumption in the books of accounts.

An asset of a fixed monetary value, which is presented to secure a loan. The value of the loan sanctioned is less than that of the value of the mortgage.

Appreciation essentially means the escalation in price, which could be due to many factors like time, labour, taxation etc.

Annual Percentage Rate is the rate which is charged for a tenure of a year, and also which is mentioned in the loan agreement.

This amount of money is required to obtain a No-Objection Certificate. If a builder tries to recover transfer fee from a homeowner when they try to sell the property to a third party, it is the violation of the Transfer of Property Act, 1882. Also, any sum, in the name of ‘Transfer Fee’ of more than INR 25000 is considered null or void as unlawful consideration under Sec. 23 of the Indian Contract Act, 1872.

This is the most important document in the entire transaction, as this acts as a proof for the transferring of the ownership from the developer to the home-buyer. This document is a legal binding and thus, registering the sale deed with the authorities is mandatory.

The carnage after the wake of Demonetization, RERA and the GST, led the Indian markets to speculate the tension concerning the real estate sector. It might seem truly tense to the Fat-Indian gentry, who may use the realty to stash their unaccounted income and hike up the property market. Instead, what the experts foresee is the rise of the service class and their quest to home themselves. It is a shift towards a fairer, and a more accommodative market, the Indian properties show no sign to fade away in their face value, believes Mint, an economic daily.