Browsing: Real estate terms

Consumer Connect Realty terms, Real estate terminology, Property market terms, Understanding of real estate terms, Carpet area, Super built up area, FSI, Loading, CAM, Common Area Maintenance, Stamp Duty, Registration Charges, PLC, Preferential Location Charges, India real estate news, Indian realty news, Real estate news India, Track2Realty, Track2Media Research

Realty terms buyer needs to know

There is no rocket science in real estate that buyers can not adopt and understand for their own better understanding of the most valuable asset called house. Proper understanding of the real estate terminology also helps the homebuyers to safeguard against the misleading sale.

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Misleading terms used by builders

Amidst all the misleading claims and marketing exaggerations, location mapping is the most glaring one. Generally maps are not to scale and give the wrong perception of the location of the project. For example, the brochure will say 10 minutes from the airport or commercial district; it does not state distance in kilometres.