The balconies which are made inaccessible to the owner by the developer or the housing society, possibly with a view to having a charming façade for a building.

The area used to use the washing machine and overall laundry activities.

Floor Space Index or Floor Space Ratio is a proportionate calculation of Built-Up Area of an apartment with respect to the area of the land-plot upon which the building is built.

A metric system unit, measuring an area of 100 centimetres in length and width.

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.

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.

Considered unique to the housing of the Indian Subcontinent, marble flooring defines a flair of sophistication in traditional or modern housing. Marbles are crystallised metamorphic rocks which promise a lustre when polished, hence the glossy finish on the marble flooring.

Vitrified tile is a ceramic tile with near no-porosity. Compared to marble and solid stone flooring they are cheaper and more durable. There are four types of Vitrified tiles - Soluble salt, Double charge, Full Body, Glazed. Vitrified tiles are often used outdoors in heavy footfall areas because of their water and frost repellence.

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.

Sales or Purchase Agreement (SPA) is a documented proof of the agreement and the intention of both the parties to execute a particular real-estate transaction. This agreement acts as a foundation for the sale deed.