A broker helps you find the right property.

Brokerage is a fee or commission charged by a broker

The fee charged by the cooperative housing societies for the common expenditure of a residential complex like servicing the lift, maintaining the common garden, gym, swimming pool etc.

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.

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.