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When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
02 Jan 2024
An Earnest Money Deposit, also known as good faith deposit, is a sum of money a buyer pays to the seller to express his genuine interest and commitment. It is usually made shortly after both parties are in agreement on the terms of sale.
01 Jan 2024
A Construction-linked Plan (CLP) is a flexible payment method for under construction flats. The buyer initially pays a pre-determined down payment, after which all subsequent pre-determined payments are made in instalments that are linked to the progress of construction.
29 Dec 2023
An Expression of Interest (EOI) is a document or letter submitted by a potential buyer expressing their interest in a particular property. It is the first step before entering a negotiation process or signing a formal agreement.
28 Dec 2023
Leasehold refers to the legal right given to an individual or entity, by the owner, to live in or use a building or piece of land for an agreed period of time. In India, leasehold land most commonly have tenures ranging between 30 to 99 years.
27 Dec 2023
FSI, also referred to as FAR (Floor Area Ratio), is a ratio of the total built-up area to the total area of the plot. It measures the total built-up area that can be constructed on a parcel of land.
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26 Dec 2023
This refers to the mechanical, electrical and plumbing services in the design and construction of the building. Builders enlist firms specialising in MEP services for the construction of their building.
23 Dec 2023
The registration fee is calculated at the rate of 1% of the agreement value of the property with a maximum cap of Rs. 30,000/-.
22 Dec 2023
Preferential location charge is a premium charged for superior features in a flat. These features can include but are not limited to sea views, park views, higher floors, corner flats, terrace access flats, etc. PLC charges can be calculated on a squarefoot basis or a slab rate.
21 Dec 2023
Puzzle parking is an entirely automated system wherein the car owners give his car to a valet or parks it in a lift and the car is automatically placed into a parking slot.
20 Dec 2023
The Transfer of Property Act 1882 is an Indian legislation which regulates the transfer of property in India. It contains specific provisions regarding what constitutes a transfer and the conditions attached to it.
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