Defination

4 Basics To Know Before You Sign A Rent Agreement

Now that you have finalized a home on rent, there are certain essential checks which certainly you might be aware of as a tenant. However, it is equally essential to check the rental agreement for some of the most important points before you sign it in order to avoid that any disputes once you start living on rent in the desired house. It may all start form petty issues like repairs and bills and go on to...

Which is a Better Investment: Real Estate Or Stocks?

There’s always a long-standing debate among investors on whether property makes a better investment proposition to shares. There’s no denying that the stock market historically outperforms other types of investments. And if you have to choose between investing in real estate and stocks, it might seem like a no-brainer. Some people think the stock market is the better alternative because the real...

Difference between Carpet Area, Built-Up Area & Super Built-Up Area?

Not knowing what each actually means is what could give Developers a chance to take you for a ride. However, it is not rocket science. Just a little reading and you will be pretty thorough with the terms. Here are some of the basics of Real Estate you should know. Carpet Area Carpet area is the area that can actually be covered by a carpet or the area of the apartment excluding the thickness of inner...

What Are Ready Reckoner Rates? Real Estate Basics:

To avoid evasion of stamp duty through the undervaluation for agreements and to minimize the disputes on the quantum of stamp duty, all state governments publish area-wise rates of properties, on a yearly basis, known as Ready Reckoner rates. What Is The Significance Of Ready Reckoner/Circle Rates? The Ready Reckoner (RR) rate, as it is referred to in Mumbai, is also known as the Circle Rate in Delhi....

Key Legal Checklist For Buying A Commercial Property

Buying a commercial property, then keep the following points in minds: 1. Verification Of Title And Ownership Of The Seller It is a settled legal principle that a person cannot convey a better title, than what he himself has. As a first step, the buyer should undertake due diligence, to ascertain the existence of the title with the seller, the nature of the title and its marketability and the ability of...

Agreement for Sale versus Sale Deed: Real Estate Basic

While buying a property, people enter into an agreement with the seller. The form and format of the agreement may be different. It may either be an agreement for sale or it may be a sale deed. People generally do not understand the difference between these two documents and treat both as synonymous. However, it is not so. WHAT IS AN AGREEMENT FOR SALE? An agreement for sale is an agreement to sell a...

11 Legal Documents That You Should Check Before Buying Any Property

Property buying can often be messy. Jargons float around and you can be confused with all the legalese. We made it simple for you. Use this handy guide to help you navigate the real estate pitfalls you may encounter while buying a home. While purchasing property, it is essential to check that the following documents are in order: Agreement to sell – It is the first document prepared in anticipation of...

What is Carpet Area, Built-Up Area & Super Built-Up Area?

While buying a property, terms such as carpet area, built-up area and super built-up area mostly evade our realm of understanding, or at least cause some confusion. In every residential complex, there are these three ways of calculating the area, or the square footage. They may not all sound very different, but there is, in fact, a BIG difference between carpet area and built-up area! Not knowing what...

What is OSR, FSI, Loading & Construction Stages in Real Estate?

Loading Factor, FSI and OSR are terms used with respect to the area you will be charged for. The base cost may say something but the end result could cost you a lot more - the base cost may be in your budget but when costs like the common areas, maintenance charges, etc. are factored in, the total cost shoots up. Loading Factor Loading Factor can be defined as the area which includes the proportionate...

What is Carpet Area in RERA & how it affects Buyers and Property Prices?

Carpet area and how it will affect buyers and property prices: The area of a property is often calculated in three different ways – carpet area, built-up area and super built-up area. Hence, when it comes to buying a property, this can leads to a lot of disconnects, between what you pay and what you actually get.  Not surprisingly, the maximum number of cases registered in the consumer courts, are...

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