India Real Estate Dictionary

Punjab Apartment and Property Regulation Act — state law in Punjab governing the construction and sale of apartments and regulated plots. Applies alongside RERA for many Punjab transactions.

City in Haryana adjacent to Chandigarh, part of Chandigarh Tricity. Planned city with significant residential development. Regulated by HRERA and Haryana Urban Development Authority.

Land ownership document used in Tamil Nadu, Andhra Pradesh, and Telangana — issued by revenue department. Confirms ownership and is essential for property transactions in these states. Types: A-Patta, B-Patta.

Designated space for vehicle parking. Under RERA, parking cannot be sold separately as a plot. Open parking must be provided free with apartment; covered parking can be charged extra.

Government housing scheme providing subsidy on home loans for EWS, LIG, and MIG categories. CLSS (Credit Linked Subsidy Scheme) provides upfront interest subsidy.

A defined parcel of land. Can be residential (for house construction), commercial, or industrial. When part of a RERA-registered plotted development, developer must provide amenities and infrastructure as promised.

Physical handover of a completed property from developer to buyer. Distinct from conveyance/registration. Under RERA, developer must provide possession on or before the date specified in the agreement.

The agreed date for handing over possession of a property. Specified in the builder-buyer agreement. Developer is liable for delay compensation from this date if possession is not given.

Legal document authorizing a person to act on behalf of another. Used extensively by NRIs. Must be notarized (for foreign countries), apostilled, and registered in India for property matters.

Under RERA, the developer/builder who constructs a real estate project and offers units for sale. Has specific obligations including registration, disclosure, escrow, and quality.

Under RERA, a development of real estate by a promoter for sale — including apartments, plots, or commercial spaces. Must be registered with state RERA before marketing or sale.

Land ownership document used for urban properties in Maharashtra (and some other states). Maintained by City Survey department. Shows ownership, area, encumbrances, and use.

Annual tax levied by municipal corporation/local authority on property owners. Varies by property size, use, location, and age. Must be up to date for property transfer.

Punjab Urban Development Authority — responsible for development and planning in major Punjab cities. Issues layout approvals and develops urban infrastructure.