Discover the meaning of hypothecated loan terms in real estate with our comprehensive guide. Learn how hypothecation works, its benefits, risks, and how it differs from other secured loans. Understand the legal and financial aspects of hypothecated loans to make informed investment decisions.

The empty space from the building till the boundary of the plot at all sides is called the Setback area.

A sale of an apartment not by the developer but by an existing owner to a third party.

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

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.

Wooden flooring is known to have an insulation to extreme temperature, they are not cold in winters or warm in summers, unlike the marble flooring. But the urban dwelling is following suit of installing wooden flooring because of the comfort and aesthetics it offers. They are known to have a high maintenance cost.

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 term is used for the ‘practically useable floor-space and not what it seems on paper. Usually, useable carpet is area excluding the space used by cupboards, kitchen platforms etc.

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.

This term denotes the total area the buyer gets by purchasing a unit of a project.

This is the area within a property where the buyer can practically lay a carpet, or in other words