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Ready Reckoner Rate Term Meaning in Real Estate - Guide
Commonly known is Government or Registration rates, these are the rates analysed and published by the local or state government for the classification of the property market and collection of the stamp duty.
8 years ago
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Annual Percentage Rate Term Meaning in Real Estate - Guide
Annual Percentage Rate is the rate which is charged for a tenure of a year, and also which is mentioned in the loan agreement.
8 years ago
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Lock-in Period Term Meaning in Real Estate - Guide
The period before which the loans can’t be paid off without incurring any liabilities. Pertaining to real-estate, the loan is understood to be a housing loan.
8 years ago
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Sale Deed Term Meaning in Real Estate - Guide
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.
8 years ago
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Usable Area Term Meaning in Real Estate - Guide
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.
8 years ago
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