JARGONS

 Attornment - The act of granting authority or jurisdiction to a party even though no

legal rights exist. Attornment most commonly relates to laws regulating real
property and is designed to acknowledge the relationship between the parties in a
transaction.
For example, attornment may occur when a tenant leases an apartment only to have
the owner change during the course of the lease. The attornment agreement does not
create a new set of rights for the owner unless it is signed by the tenant. If the tenant
refuses to sign, the landlord may be able to use this as grounds for eviction.

 Cantilever dictionary meaning: A projecting structure, such as a beam, that is

supported at one end and carries a load at the other end or along its length.

 DRC: Development Right Certificate Eg. If we have a RG of say 500Sqmt in

Andheri also say we have the following Plots
1. Malad-2000sq ft
2. Dahisar-2000sqft
3. Goregaon-1000Sqft & say we required TDR to be brought from outside to
enhance FSI, so the moment we hand over the Plot in Andheri we get a DRC
which will have a credit of 5000sqmt this DRC can now be Distributed in
Multiple Of Smaller Amounts Likes 500,200,1000,Etc over our various
properties.

 ULC: Urban land clearance,

Any plot more than 500Sqmts will attract ULC then we have to bring in the
ULC-NO

 Plinth: Out to out of the building demarcating the building lines is called floor.

 Elevation: Any projection outside the building shape ground floor.

 Layout: A minimum of 2 or more building called is called a layout.

1. Basically it is the planning of the building

 Stilt Car Parking: Parking: used for underground below the building in
enclosed place (base = below the ground level & stilt on ground level.

 Carpet Area: Carpet area + Thickness of walls. Livable area. Agreement will
always Carpet Area
1. Actual Moveable Area Including Thickness Of The Four Walls & Doors +
Window Jams

 Built-up Area: Thickness of walls +corridor staircase

o They outer Area like Staircase, lift outer lobby, etc
  Super Built Area: Saleable area
o Includes the area like entrance lobby, additional areas in the apts.

 LMR: Lift Machine Room

 Shell Flat: The flat Is Handed in raw conditioned to the customer with just four
walls

 Dado: This tiles are mainly used in Kitchen 2feet Above the cooking &service
platform Because its durable, easy to maintain, Gives classy Look,

 Floor Rise: additional charge that you pay for per floor increase could this range
can be from rs10 to rs20 per floor, per sq ft.

 Draft Agreement: An Agreement, Which Not Executed.

 Agreement Rate: For Stamping Duty Purpose It Important To known the

agreement value, which is decided Between Builder & Customer.

 Stamp Duty: This is paid by flat owner to the government at @of 5% Depending
Upon The Market Value Or Pre Sq Feet Rate Which Ever Is Higher This money
is charged by government to transfer the right of ownership from one person to
other.

 Registration: This is paid @ 1% of total Agreement Value.

 Amenities Agreement: When the customer wants to an upgrade in his or her

amenities We make an amenities Agreement Saying that for x amt we shall give
you y product amenities

 Mortgage: Loan Is Sanctioned From Any Financial Institutes Against The

Mortgage Of Your Old Property.

 NOC: Non Objection Certificate This letter is issued from H.O to the customers
for getting their water & electricity meter Transferred from builder to Customer
Names.

 INVESTOR: An Investor has 3Attributes

1. Pays 40% of total sum first

2. Cannot sell flat prior to 11 months.

3. Has to pay Transfer Fee Of Rs50/100per sq ft to builder if &when sale a

  Development Charges: A levy paid to the Government for developing a
Particular Property Dc guide lines gives you a picture of how the property Should
be made .So to load extra FSI we have to pay premium, other premium would
also include opens space premium, staircase premium,
1. This Charges Are collected from customers towards water,
electrical Meter, Against Property Tax &Other expenditure which
is payable to Government.

 Transfer fees: If A sells flat to B then A has to pay a Transfer Fee to the Society
Or Builder incase society is not formed To Transfer the share from A to B.

 Usually not to Exceed Rs 25,000 however most societies exceed this limit
Technically you are not the owner of the flat, you are the owner of the share
certificate
 Title Certificate: certificate given by solicitor of the purchaser (usually) saying
that the title of the property is clear.
o This certificate shows that there is no legal Hassle in Starting the
Construction Work & that the title of the property is cleared.

 Occupation Certification: This show that the premise as been Certified by the
BMC on the completion Of the project As pre the plans submitted to their
department before the Construction has started hence it as got permission to
occupy.

 . Commence certificate: doc issued by government to start the construction

 LOI: Letter of intent, when you hand over a reservation, eg.a RG (recreational
garden) or, PG (playground) MPS (Municipal primary school, here BMC gives the
LOI to the builder having some condition,eg you come up with ULC (urban land
celining act)you get us the assessment NOC(non objection certificate)you put up a
compound wall ,you level the ground ,have some storm water drain etc
These specification are included in the LOI, after compliance of all these
condition we can convert is to DRC (development right certificate)

 Intimation demand letter: This letter is issued from H.O To Customer in

Regards to Further payment as pre progress done on site in Terms Of (slab,
flooring Plumbing, etc).

 Skirting: The small tile Layout on the Edge where the wall meets the ground.

 TDR: Transfer of the Development Right: It is a Negotiable instrument .if we

have Land Reservation It Can Be Converted to TDR Eg. If we have Recreational
Garden Plot We cannot build anything .so we have to take the TDR&TDR cane
sold anywhere. You could take TDR for Primary School Secondary School
MCGM: Municipal co-operation of greater Mumbai.
  Loading: The extra space added to carpet area which Builder includes the lobby,
staircase, parking Etc could differ from builder to builders. The loading
component would be anywhere from 20% to 100% or more.

 FAR: if you have 1000 sq mt plot we can use 1000sq mt over our land ie
same as basic fsi

 FSI: Same As FAR.

 REFUGE: Flat: if a building is more than 24mts of the height we have 2 provide
refuge floor, where people can rush in if there is fire this is requirement of fire
officer, this is called refuge area, For this we have to get CFO-NOC, Chief Fire
officer Non Objection Certificate

 Ready Reckoner: Reckoner (RR) rates form basis for imposing stamp duty and
registration charges for new sale deeds.

 Corridor TDR: Transfer of development rights.

Any property between Railway line &S.V.Rd &Railways lines
&western express highway cannot load extra TDR it This
Passage is called TDR Corridor
1. Any plot outside the corridor you can use TDR up to 100%
we can buy TDR from outside and add to our existing FSI,
Upto 100% Means If your new plot is 1000sq mts even if you
TDR is higher, we can apply only 1000mts not more.

 Filling: Takes Place when plot is to be leveled, eg. when there are craters or holes
to even out the land.

 Footing: Just like our foot Support our body in it manner footing is that part in
foundation, which supports the pillars.

 Foot falls / Foot prints: Number of People Walking in the Malls.

 DYE / FIRMA: The Measurement used to decide how much sand metal needs to
be added to concrete .it is a box like structure carried by two people on there
shoulder

 PCC: Plain Cement Concrete, it does not have any reinforcement.

 RCC: Reinforcement Cement Concrete where the PCC is put between steel bars to
Get Reinforced.

 G.I Galvanized Iron: It means it is given a certain treatment to prevent it from

rusting, basically it is used for covering roofs, eg. Corrugated sheets, and pipes are
galvanized.
 Bcc: Building Completion Certified after the OC there are one or two condition to
be Fulfilled, we need to get N.O.C from hydraulic engineer & one Particular form,
after there 2 Compliances we get BCC from BMC & the file is closed

 ULC: Urban land clearance,

Any plot more than 500Sq mts will attract ULC then we have to bring in the
ULC-NOC

 Valuation: Is the Value of the Land Approved By govt Approved Valuers.

 IOD: Intimation Of Disapproval before Starting a Building you propose some

plans to the BMC, here all the Conditions. Are negative E.g. will not approve an
RCC Consultant, we will not approve a site Supervisor we will not do the
drainage arrangements for the Workers, We will not give Janta Insurance Policy
Etc So now we have to reply all there things in the Positive, So is the same Eg. I
will.

 STP: Sewage Treatment Plant, Watering from Bathroom or kitchen is recycled &
used for Car washing for toilets, Etc It Would be additional Facility Provided in
Layouts. We are planning one in thane &ozone, It is a good Selling Point As there
is going to be a scarcity of water in Mumbai in the next 5years,that because our
resources which are not up graded or Enhanced the water Supply is the same but
development is fast &Furious
 Two things have been made mandatory for all Projects
more than 1,000sq mt we have 2 or do water harvesting & testing.

 Water Harvesting: we have 2 feed water into soft Patches into the Ground, any
water coming out should be feed back into the earth
There should be green patches around with some borewells, a system should be made
to direct all excess water into these green patches, the purpose being that

 Anchor: Any shop facing the Road, the main shop in an arcade, could be having
one or two floors inside.

 Apex Society: When a number of societies share common amenities, an Apex

Society is formed which takes care of these common amenities.

 Apex Registration Charges: The charges paid to maintain the common

amenities which is paid by all the societies and managed by the Apex Society.

 Federation Charges: The charges paid to maintain the Common amenities which
is paid by all the societies and managed by the Apex Society. This is applicable
for minimum 5 Societies and Maximum 12 Societies.
 HVAC - Heat Ventilation & Air Circulation

 SWAT – Special Weapon And Tactics

  ROC- Release of charge

 HVAC - Heat Ventilation & Air Circulation

 Backfilling: means once the foundation level plinth is completed the extra
excavated area which is dug is refilled back.

 IPS : INDIAN PATTERN STONE

 Bio-wall- A wall which would be covered up with vegetation which requires

minimal water & soil support.

 Trellis: Trellis is something similar to Shamiyanas. Cantilever is one type of them

which is collapsible.

 Dry Stream: Stream of dry Stones/Pebbles which give the essence of water flow
which has dried up earlier.

 Distribution Point (DP): The main electric point of the flat from where
electricity is supplied to other switches or electric points.

 E-Deck: Name of the Company which makes Decks Ply

(Basically Wooden Ply’s)

 FORM 18 - Address Proof of the Company

 Slenderness ratio – height must be not more than nine times the smaller side
(width) of the plot.
 Performed Glass - which reduces the ingress of heat and at the same time allows
higher penetration of daylight.
 Sky Garden
Sky Garden is a requirement from CFO (Chief Fire Officer), it acts as a refuge area
where people can take shelter at the time of emergency and fire fighting dept. can rescue
them. In Acura instead of refuge flats we are providing refuge terraces which is called as
Sky garden. It starts at 8th floor and the same is available on every 3rd floor (after 8th
floor). The access for the same is from the common passage.
Sky garden admeasures appx. 483sq.ft. with small portion of landscape and it also acts a
viewing gallery.
Note: Acura E wing has sky garden only on 8th floor.

 Kadappa is a stone is made up of calcite and possesses a smooth granular

surface.

It is one of the most popular limestones that is available in black colour. The main
attraction of this black limestone is that it is quite hard and is used in extreme
temperatures. You can utilize this stone for a variety of purposes including flooring. It
 is generally used for interiors as well as exteriors. The most common colors available
in this category include blue, grey, black, brown and green.

The kapdappa (cuddapah) stone is quarried at Betamcharla, District Cuddapa,

Andhra Pradesh and that how its derived it name.

 Umra Patti mean marble fixed at bottom of Main entrance Door .

Adjudication

The legal process of resolving a dispute. The formal giving or pronouncing of a judgment
or decree in a court proceeding; also the judgment or decision given. The entry of a
decree by a court in respect to the parties in a case. It implies a hearing by a court, after
notice, of legal evidence on the factual issue(s) involved. The equivalent of a
determination. It indicates that the claims of all the parties thereto have been considered
and set at rest.

DRIP IRRIGATION
Drip Irrigation is optimum utilization of water for gardening purpose. A pipeline is laid
with outlets for every root of plant or shrub.The water drips from that outlets keeping the
surrounding earth moist which in turn saves water.

From Google
Drip irrigation is sometimes called trickle irrigation and involves dripping water onto the
soil at very low rates (2-20 litres/hour) from a system of small diameter plastic pipes
fitted with outlets called emitters or drippers. Water is applied close to plants so that only
part of the soil in which the roots grow is wetted unlike surface and sprinkler irrigation,
which involves wetting the whole soil profile. With drip irrigation water, applications are
more frequent (usually every 1-3 days) than with other methods and this provides a very
favourable high moisture level in the soil in which plants can flourish.

AOP- Association of Person - its a group or a partnership deed where legality is not
involved.

VRV AC System – Variable Refrigerant volume system

TRIMIX
Trimix is a chemical applied to concrete walls and floors to prevent moisture. It is most
commonly used in flooring under hardwood or laminate to protect moisture sensitive
materials.

APPLICATIONS:
-Bridges and Parapets
-Parking Garages
-Tunnels
-Water Tanks, Silos and Reservoirs
-Retaining walls, foundations, basements and building walls

A
Abatement Notice
It is a legal notice served on the owner or occupier/tenant of a
property to inform them of the violation of local laws pertaining to
maintenance of the property. The notice also indicates actions that
are needed to address the violation and notifies them of the
consequences in case they fail to take corrective measures.
Acre
Unit of measurement of land. One acre is equal to 4048.32 square
meters and 43560 square feet.
Addendum
An addition or change in a legal contract.
Agent
A person authorized by the state to conduct real estate transactions.
Alienation Clause
A provision that requires the borrower to pay the balance of the
loan amount in a single large installment after the property is sold
or transferred.
Alley
A lane behind a row of buildings or between two rows of
buildings.
Allottee
The person who is allotted a property, either by a government
authority or by a builder.
Appraisal
Official valuation of a property carried out by a certified Real
Estate appraiser or valuer.
Appreciation
An increase in the value of a property due to changes in market
conditions or any other causes over a period of time.
Assessed Valuation
The value that a taxing authority places on real property for the
purpose of calculating the amount of tax on that property.

B
Balloon Payment
A large loan payment done to clear a debt.
Basic Sales Price ( Bsp)
Price of an apartment excluding the charges for amenities like car
parking, clubhouse etc.
Bayana
It is a hindi term used to denote the token money given by a buyer
for a particular property after negotiations are done. The payment
indicates the buyer's interest in the property and is usually offered
to seal the deal.
Beneficiary
A person/persons or an institution designated to receive an income
from a trust, estate or a deed of trust.
Building Code
Based on the notified safety standards within a specific area, a
building code is a regulation that defines the design, construction
and materials used in a building.
Built-Up Area
It includes the carpet area plus thickness of the outer walls and the
area of balcony/balconies.

C
Carpet Area
The actual usable area of an apartment minus thickness of the outer
walls.
In common terms, it is the area within the walls where you can
actually lay a carpet.
Central Business District
Main commercial area of a city with the highest land rates as
compared to other parts of the city.
Clear Title
A title that is free of legal queries relating to ownership of the
property.
Coastal Regulation Zone (Crz)
Under the Environment Protection Act, 1986, coastal land up to
500m from the High Tide Line (HTL) and a stage of 100m along
banks of creeks, estuaries, backwater and rivers subject to tidal
fluctuations, is called the Coastal Regulation Zone(CRZ). No
construction or industrial activity is allowed in this belt.
Completion Certificate
Completion certificate is a proof certifying that building work has
been completed in accordance with building regulations and is thus
fit for use and legally safe.
Comprehensive Development Plan (Cdp)
It is the Master Plan approved by an authority.
Condominium/Condo
A residential project in which each unit owner has title to a unit in
a building, an undivided interest in the common areas and
sometimes the exclusive use of certain limited common areas. Here
each individual owner is allowed to sell or encumber his/her own
unit.
Construction Linked Plan
In this payment plan devised for property purchases, total cost of a
property is paid in staggered installments, linked to progress of a
project.
Contiguous Space
A chunk of space located on multiple adjoining floors in a
building.
Contract Of Sale
An agreement in writing setting out the terms and conditions
relating to the sale or purchase of a property.
Conveyance Deed
A legal term for any piece of document that transfers a property
from one party to another. This document needs to be notified by a
registered notary and recorded with the registrar of deeds. The
term `party' stands for not only individuals but also corporations
Credit History
Record of an individuals present and repaid debts which is usually
used by a lender to assess the risk of a potential borrower.

D
Deed
The legal document conveying title to a property.
Dejure Possession
Also known as Juridical Possession, it means possession in the
eyes of the law.
Depreciation
A decline in the value of a property due to changes in market
conditions or by any other issues.
Disbursement
A cash expenditure done for the purpose of settling a debt.
Down Payment
Payment term used in the context of the purchase of expensive
items, where a portion of the total amount due is usually given in
cash upfront before finalizing a transaction.
Dual Occupancy
A block of land which is zoned in a way that there two separate
residences are permitted to be constructed there.
Duplex
It refers to a house with two units while sharing a common wall

E
Earnest Money Deposit Or Emd
A nominal sum of money given as a token to the vendor,
signifying the assent to a contract of sale. It affirms that the parties
have made up their minds to purchase the said property.
Elevation
Artist's impression of the final look of a project.
Encroachment
Part of a house or establishment illegally overhanging the street or
a neighbour's property.
Encumbrance Certificate
A report issued by Registrar or Sub-Registrar's office after due
verification of the relevant documents certifying that the property
in question is free from mortgages, leases, easements or any other
kinds of restrictions.
Equity
It is the actual amount of an asset actually owned by you.
Eviction
Expulsion of an occupant or tenant from a real property( lawful).
Executor
A person named in a will to take care of an estate.

F
F S I Or Floor Space Index / F A R Or Floor Area Ratio
The maximum amount of construction allowed on a given plot of
land. It is calculated as the ratio of a building's total area to the
piece of land upon which it is built.
Flex Space
A building providing its occupants the flexibility of utilizing the
space. Usually flex space provides a configuration allowing a
flexible amount of office or showroom space in combination with
manufacturing, laboratory etc.
Flexi Payment Plan
Flexi-plan gives buyer the flexibility to pay the price of a property
over a time period but the payments are time linked rather than
construction linked.
Floor Plan
Pictorial representation that shows how an apartment would look
after completion. It includes placement of rooms in the flat, their
dimensions and super built-up area of the flat.
Foreign Exchange Regulation Act (Fera)
It is an act to regulate the payments for foreign corporation to hold
or transfer any kind of immovable property in India.
Freehold
A property which is free from the hold of any entity.

G
Gated Community
It is a modern residential community or housing estate having
strictly controlled entrances for pedestrians and automobiles, and
often characterized by a closed perimeter of walls.
Greased Lease Back
The disposal of the interest on a property by a freehold or
leasehold owner where the rent is geared to a fixed percentage of
some variables.
Green Field Site
An underdeveloped area of land away from urban areas, which is
now proposed for development.
Gross Building Area
The total floor area of the building starting from the outer surface
of exterior walls and windows including all vertical penetrations
(e.g. elevator etc.) and basement area
Guarantor
A person who agrees to indemnify the holder of a loan all or a
portion of the unpaid principal balance in case of default by the
borrower.

H
Habitable
Residential properties that are suitable for occupancy. Local
building codes ensure that structures are habitable through
requirements for building permits and occupancy certificates.
Heir
The person who is the lawful inheritor of an estate or a property.
High Rise
In the Central Business District, it means a building higher than 25
stories above ground but in suburban areas, it generally refers to
buildings 7 or 8 stories high.
Holding Deposit
An initial sum of money given to show interest in or confirm the
sale of a real estate property before the full deposit is paid.
Home Improvement Loan
A loan made to a homeowner in which the home is used as
collateral for the loan.
Hvac
Modern day technology systems installed in a building to regulate
heating, air conditioning and ventilation.

I
Immovable Property
Includes land, buildings or any other entity attached to the earth or
permanently fastened to anything which is attached to the earth.
Indenture
A deed including two or more parties, each party having their own
copy.
Indian Stamp Act 1899
The act that regulates payment of stamp duty to the local
government for real estate transactions.
Institutional Investors
These are organizations which pool money to invest in real estate
properties and other investment assets
Inventory
The total amount of rentable square feet of existing and any
forthcoming space (whether it be a tenant vacating space or new
buildings coming on the market), in a given category, for example,
all warehouse space in a specified submarket.
J
Joint Agent
Here one /two or more agents are jointly instructed by a principal
to act on his behalf. In the case of real estate agents this is
normally on the basis that if any one of the agents effect the sale,
letting or other joint agent(s) will share the remuneration in agreed
proportions.
Joint Ownership Agreement
An agreement between owners holding the same property, defining
their rights, ownership, monetary obligations and responsibilities.

K
Khata
It is a legal document that records property tax payment done by a
resident to the municipality. Khatas are prominently used in
Bangalore.
Kick-Out Clause
A clause in a sales contract that allows the seller to accept one
buyer's offer and then back out without penalty if a second buyer
makes a better offer to him.
Knee Wall
A wall-like structure that supports roof rafters in timber roof
constructions.

L
Land Tax
It is the state tax based on the value of a property (not the place of
residence) paid by the owner.
Landlord
The person who owns a land or house or real estate, which is
rented or leased to an individual or a business organisation.
Lease
A written agreement between a landlord and a tenant granting a
period of tenancy of a property under specific terms and
conditions.
Leasehold
The right to use and have exclusive possession (but not ownership)
of real estate for a specified period and subject to the fulfilment of
certain conditions as recorded in a lease agreement.
Load Bearing
An element in a building structure (usually a wall) with the
capacity to support the weight resting on it in addition to its own.

M
Maintenance Charges
Charges payable by the owners or occupants of a development
complex ( residential/commercial / plotted) towards upkeep of all
common areas and facilities. It is generally a monthly charge.
Market Value
The price at which a seller is happy to sell and a buyer is willing to
buy.
Mid-Rise
A building with between four and eight f; above ground level
although in a Central Business District, this might extend to
buildings up to twenty-five stories.
Mixed-Use Development
A project providing for more than one purpose. In housing it
blends a combination of residential, commercial, cultural,
institutional and industrial usage.
Mortgage
A loan taken from a bank to finance a property.
Mutation
Transfer or change of name in the records of the Corporation for
the concerned property.

N
Negotiation
Dialogue between two or more people/parties intended to reach a
common agreement.
Net Present Value Method
The method used for the evaluation of investment proposals.
Net Worth
The value of a persons assets minus liabilities.
No Objection Certificate Or Noc
Certificate issued by the concerned local authority that the building
plans submitted by the developer are in order and conform to the
guidelines. Simply put, the authority has NO OBJECTION to the
commencement of construction.
Nominee
A person who acts for or represents another person.

O
Occupancy Certificate(Oc)
Certificate issued by the local development authority certifying
that all necessary works have been completed as per the sanctioned
plans for the said property and it is fit for occupation. OC is issued
after obtaining clearance from the water, electricity, sewerage, fire
fighting authorities etc.
Open Space
Land which has not had improvements such as buildings and other
structures added to it. Such land is often left in a subdivision by a
developer or stipulated by a local authority for recreational use or
for personal use by the owner.
Operating Cost Escalation
Clause intended to adjust rents by reference to external standards
such as published indexes, negotiated wages or expenses related to
buildings.

P
Patwari
An individual appointed to maintain and update land ownership
records as well as collection of land taxes
Possession Linked Plan
Payment under this plan is made in 2 – 4 phases. About 20 – 25 per
cent of the payment is made at the time of booking, 30 – 35% is
paid in the next installment after a fixed time period, another 30 –
35% after another fixed period and the remaining amount is paid
after possession of the property.
Pre-Emi
A type of home loan repayment plan where the borrower is
required to pay only the interest on the loan amount disbursed by
the bank as per construction progress. Actual EMI starts after
possession of the said property.
Precast Technology
New age construction technology where parts of a building like
slabs etc are manufactured at an industrial unit and then assembled
on site
Preferred Location Charges
These are additional costs that needs to be paid for the unit that has
a certain location advantage over other units in the project.
Prelaunch
Property available for purchase before its official launch. It is
generally cheaper and may or may not have the requisite approvals
from government authorities.
Preleased
Refers to space in a proposed building that has been leased before
the start of construction or in advance of the issuance of
Occupancy Certificate.
Private Sale
The sale of a property by the owner without the services of a real
estate agent.
Public Housing
Government-owned housing projects made available to low-
income individuals or families at nominal rentals.
Pugree
A hindi term for the security deposit given to landlord before
renting a property. It is refundable at the expiry of the lease term to
the outgoing tenant.

Q
Qualified Covenant
A legal document which restricts the rights of a person on the
interest in a land/property.
R
Realtor
Another name for Real Estate Agent
Registration
The legal documentation and subsequent recognition of a
transaction under the State. This can either be a rental or capital
transaction.
Reit (Real Estate Investment Trusts)
It is company that offers real estate shares to the public. Simply
put, REIT stock is similar to any other business stock.
Rent Act(S)
Includes the terms and conditions of the rental market to check
profiteering and hoarding.
Repo Rate
It is the rate (discounted) at which RBI lends money to commercial
banks in the event of any shortfall of funds.
Requisitions On Title
A process where the buyer requests additional information about
the title of the property from the vendor.

S
Sale Deed
Sale deed is governed by the Registration Act and is the most
important document for the purchase or sale of a property. No
property buying or selling is complete without signing the sale
deed by both the buyer and the seller in front of at least two
witnesses.
Site Plan
A detailed plan which depicts the location of improvements on a
parcel of land which also contains all the information required by
the zoning ordinance.
Soft Launch
Another name for Prelaunch
Stamp Duty
Tax paid on legal document during the transfer of any asset or
property.
Stilt Parking
A housing complex where the ground floor is reserved for parking.
Strata Title
A title to a unit or lot on a plan of subdivision associated with
townhouses, units and blocks of flats and based on the horizontal
and vertical subdivision of air space. Owners have a certificate of
title, are absolute owners of a freehold flat .

T
Tax Base
The assessed valuation of all the real property that lies within the
jurisdiction of a taxing authority, which is then multiplied by the
tax rate or mill levy to determine the amount of tax due.
Tenancy
Possession of land/property by title done either under a lease or on
payment of rent.
Title Deed
A legal document constituting evidence of property ownership
Town And Country Planning
A planning system utilized by the government to balance economic
development and environmental quality.
Trustee
A person who holds or controls property for the benefit of another.

U
Under-Valuation
A value of the property that is lesser than the fair market value.
Registration fee for a property is based on the value of the property
in case of capital transaction or rent in case of rental transaction.
Under-construction Property
A property whose basic structure is being built.
Unilateral Contract
A one-sided contract. If one party makes a promise to do
something, the second party is not legally required to perform. If
the second party does comply, however, the first party is obligated
to keep its promise.
Urban Land Ceiling And Regulation Act (Ulcra)
Popularly referred to as ULC Act. This is basically a legislation
that was enforced to prevent profiteering and hoarding in the urban
land market as well as prevent urban congestion
Utilities
The private or public service facilities such as gas, electricity,
telephone, water, and sewer that are provided by the government
agencies as part of the development of the land.

V
Vaastu Shastra
A traditional architecture system that specifies the methodology of
building a structure or buying land, etc
Valuation
A written analysis of the estimated value of a property prepared by
a qualified valuer.
Villa
A large single storey attached residence.
Vitrified Tiles
Tiles having the lowest porosity.

W
Warehouse
A building for storage of goods and raw materials
Working Drawings
The set of plans for a building that indicate the manner in which a
project is to be built. It also includes a set of specifications for the
building or project.
Written Down Value
Making deductions for depreciation against capital cost or present
value of an asset.

X
X
A notation made by an individual doesn't know how to write or
physically unable to write, to show intent to sign an instrument
such as a deed or will. In regard to the conveyance of real property,
such a person would be required to make such a mark or at least a
thumbprint as intent to sign and have it witnessed.
Xystus
A garden walk embarked by trees.

Y
Yield
The interest earned or return by an investor on an investment,
stated as a percentage of the amount invested.

Z
Zoning
The division of a city or town into zones and the application of
regulations having to do with the structural, architectural design
and intended use of buildings within such designated zone (i.e. a
tenant needing manufacturing space would look for a building
located within an area zoned for manufacturing).
Zoning Ordinance
Refers to the set of laws and regulations, generally, at the city or
county level, controlling the use of land and construction of
improvements in a given area or zone.

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 ABBREVATIONS
2Cs – Clear Communication and Constant Communication
2Ps – Pleasure and Pain
ABD – Alternate Business District (eg: Bandra Kurla Complex, Kalina – Grade B)
ALM – Advanced Locality Management
AOA - Articles of Association
AOP - Association of Person - its a group or a partnership deed where legality is not
involved.
APF – Advanced Project Funding
BCC- Building Completion Certificate.
BMC – Bombay Municipal Corporation
BOD – Benefit of Doubt
BPO – Business Process Outsourcing
CAM - Common Area Maintenance.
CANI – Continuous And Never Ending Improvement
CBD – Central Business District
CC – Commencement Certificate
CCI - Competition Commission of India.
COI - Certificate of Incorporation
CCEA: Cabinet Committee on Economic Affairs
CCFI: Cabinet Committee on Foreign Investment
CEA: Central Electricity Authority
CIDCO – City Infrastructure Development Corporation
CII – BCI (Confederation for Indian Industry – Business Confidence Index)
CRISIL - Credit Rating Information Services of India Ltd
CQRA – Construction Quality Rating Agency
DCR – Development Control Regulations
DG- Diesel Generator
DGFT: Directorate General of Foreign Trade
DOC – Date Of Completion
EBD – External Business District (eg: Worli, Prabhadevi – Grade A)
ECB - External Commercial Borrowing
E + R = O {E - Event; R - Response; O - Outcome}
EDM- Electronic Direct Email
EMI: Equated Monthly Installments
EOI-Expression of Interest
EPC-Engineering, Procurement & Construction

ERP- Enterprise Resource Planning

ESR - Elevated Service Reservoir (water reservoir)
FAB – Features, Advantages, Benefits
FDI – Foreign Direct Investment
FICCI - Federation of Indian Chambers of Commerce and Industry
FIPB- Foreign Investment Promotion Board
FOB-Foot Over Bridges
FSA-Fuel Supply Agreement
FSI-Floor Space Index
G I-Galvanized Iron
GDP - Gross Domestic Product
HDFC-Housing Development and Finance Corp
HDFC RED - Housing Development Finance Corporation Real Estate Destination
HIG – High Income Group
HNI – High Networth Individual
HNH - High Networth Households
HSBC-Hong Kong and Shanghai Banking Corp
ICSE - Indian Certificate of secondary education
IOD- Intimation of Disapproval
IPC- India Penal Code
IPC- International Property Consultant
ISO – International Organization for Standardization {ISO stands for a Greek
word}
IT- Information technology
ITES – Information Technology Enabled Services
IGCSE- International General Certificate Of Secondary Education.
KISS – Keep it Short and Simple
LIG - Low Income Group
LOI-Letter of intent.
MHADA -Maharashtra housing and development authority
MOA - Memorandum Of Association
MCD – Municipal Corporation Of Delhi

MCAC - Ministry of Corporate Affairs Challan

MCHI – Maharashtra Chamber of Housing Industry

MERC – Maharashtra Electricity Regulatory Board
MHADA – Maharashtra Housing and Development Act
MIG – Middle Income Group
MLD – Million Litres Daily
MMRDA – Maharashtra Metropolitan Regional Development Authority
MMRDA – Mumbai Metropolitan Region Development Authority
MOEF - Ministry of Environmental Forester
MoU-Memorandum of Understanding
MOFA = Maharashtra Ownership Flat Act.
MPCB – Maharashtra Pollution Control Board
MR – Management Representative
MS – Mild Steel
MSDP – Mumbai Sewerage Disposal Project
MSEB – Maharashtra State Electricity Board
MTSU – Mumbai Transformation Support Unit
MUIP – Maharashtra Urban Infrastructure & Projects
MUTP – Mumbai Urban Transport Project
NPV - Net Profit Value Calculation
NA- Non Agriculture.
NC - Non Conformity
NDZ – No Development Zone

NFE - Non Formal Education

NOC – No Objection Certificate
NTC- National Textile Corporation.
OC-Occupation Certificate
OH Tank – Over Head Tank
PAP – Project Affected Persons
PBD – Peripheral Business District (eg: Malad – Grade A)
PCC- Plinth Compilation Certificate.
PIB- Public Investment Board
PLR- Prime Landing Rate.
PLC – Preferential Location Charge
PMC – Project Management Consultancy
PMF – Prime Motivating Factor
POP- Power of Persistence
PPA- Power Purchase Agreement
PRC –Property Registration Card
PRV – Pressure Reducing Valve
PSU- Public Sector Unit (Also referred to as PSE: Public Sector Enterprise)
PVC – Poly Vinyl Chloride
RBI-Reserve Bank of India
RCC - Reinforced Concrete Cement
RMT - stands for Running Meter it is a unit used to measure length or distance.
1 RMT = 3.28 RFT (Running Foot)
RG – Recreational Ground
ROI-Rate of Interest.
SBD – Secondary Business District (eg: Andheri, Vile Parle, Jogeshwari – Grade B)
SEB-State Electricity Board
SEZ- Special Economic Zone
SI – Self Initiatives
SIA- Secretariat for Industrial Assistance
SL – Self-Learning
SRD-Slum Re-Development
SRS – Slum Rehabilitation Scheme
STP – Sewage Treatment Plan
SWAT – Special Weapon And Tactics
TAT – Turn Around Time
TDR-Transfer of Development Rights
TFTD – Thought for the the Day
TMC – Thane Municipal Corporation
UG Tank – Underground Tank
ULC – Urban Land Certificate
ULCC- Urban Land Ceiling Clearances
USP-Unique Selling Point
VC – Venture Capital
VDP - VIDEO DOOR PHONE
VVMP – Vangi Veneer Melamine Polish