India Real Estate Dictionary — 1070+ Property & RERA Terms Explained

A

7 terms

Aerocity (Mohali)

General & Places

Also called: Aerocity Mohali

A residential and commercial area near Chandigarh International Airport in Mohali, popular with buyers wanting airport access. Prices vary by sector, and approvals differ by project.

Example & agent tip

Example: An NRI buyer prefers a flat in Aerocity Mohali for easy airport access.

Agent tip: Check approved status, airport height limits and noise levels. Visit at different times of day.

Airport-Led Development

General & Places

The growth of housing, offices, logistics and hotels around a new or expanded airport. Land near airports can also face height limits and noise zones, so benefits and restrictions both apply.

Example & agent tip

Example: A buyer near a new airport asks for the height clearance and for the master plan zone of the plot.

Agent tip: Check the height limits and flight-path rules with the airport and planning authority.

Amaravati

General & Places

The planned capital city of Andhra Pradesh in Guntur-Krishna region, created through land pooling by farmers. Its progress has been shaped by changes in state policy, so a buyer or agent should check the current status of works and plot allotments.

Example & agent tip

Example: A farmer's heir receives a returnable plot under the pooling scheme, and asks a lawyer how to verify its record.

Agent tip: Do not rely on old news about Amaravati. Check current state notifications and the authority's records before buying anywhere near it.

Amenities

General & Places

The facilities in a project beyond the unit itself, such as a club house, pool, gym, garden, security and parking. Under RERA, amenities promised in the registered project must be provided.

Legal basis: Promised amenities are part of the representations covered by Section 12 of the RERA Act, 2016.

Example & agent tip

Example: A brochure shows a clubhouse and a podium garden. The registered plan and the agreement should list both.

Agent tip: Compare brochure promises with the registered plan and the agreement.

Amritsar-Kolkata Industrial Corridor (AKIC)

General & Places

Also called: AKIC

A planned industrial corridor along the eastern Dedicated Freight Corridor linking Punjab and West Bengal through Haryana, Uttar Pradesh, Bihar and Jharkhand, with influence areas that also take in Uttarakhand and the Baddi-Barotiwala-Nalagarh belt in Himachal Pradesh. Nodes proposed in various states aim at manufacturing and logistics, with progress differing by location.

Example & agent tip

Example: A Patiala-based trader hears of an AKIC node in the area and asks the state industries department what is actually notified.

Agent tip: Corridor announcements often come before land acquisition. Check official notifications before acting on a rumour.

Apartment Ownership Act

General & Places

A state law that allows individual ownership of flats in a building and sets rules for common areas and associations. Examples include the Maharashtra Apartment Ownership Act, 1970, the Karnataka Apartment Ownership Act, 1972, and the Delhi Apartment Ownership Act, 1986.

Example & agent tip

Example: Under a state apartment ownership law, a flat owner has a deed, a share in the common areas and a vote in the association.

Agent tip: Check the state's act together with RERA when you deal with association matters.

Artist's Impression

General & Places

A drawing or computer image in a brochure or advertisement showing how the project may look after completion. It is illustrative and may differ from what is built, so buyers should rely on sanctioned plans and the agreement.

Example & agent tip

Example: A brochure picture shows a lake view from every tower, but the sanctioned layout shows a road on that side.

Agent tip: Explain to buyers that images are not binding. Point to the registered plan.

B

10 terms

Baltana

General & Places

A locality in Zirakpur on the Chandigarh-Ambala side with apartments, plots and small commercial areas. Buyers check road access, drainage and whether projects fall under approved colonies.

Example & agent tip

Example: A buyer in Baltana asks whether the flat is in a RERA-registered project.

Agent tip: Check the licence and RERA details of each project, because pockets in Baltana differ widely.

Bandra-Kurla Complex (BKC)

General & Places

Also called: BKC

A planned business district in Mumbai, developed by MMRDA, on reclaimed land between Bandra and Kurla. It is known for Grade A offices, financial institutions, consulates and the nearby metro and road links.

Example & agent tip

Example: A start-up looks at leasing a small office in BKC and compares it with an office in Andheri for client access.

Agent tip: BKC office space is leased and often governed by MMRDA lease terms; verify the lease and any transfer fees.

Banur

General & Places

A town and surrounding area in Punjab near Zirakpur and Mohali, where several residential and industrial projects have come up. Land use and approvals vary widely, so check each project separately.

Example & agent tip

Example: A buyer sees an ad for plots in Banur and asks whether the colony is approved.

Agent tip: Check the licence of every colony in Banur and its RERA registration, since quality varies.

Bari

General & Places

Also called: বাড়ি, Bari Bhara

The Bengali word for house or home. It is used in forms such as "bari bhara" for house rent, and for an independent house in a listing.

Example & agent tip

Example: A family in Howrah sees a "bari bhara" notice outside a ground-floor house.

Agent tip: Ask for a written rent agreement even in informal "bari bhara" deals, and for the owner's identity documents.

Bayana

General & Places

Also called: Bayana Amount, Advance

A Hindi word for the advance paid by a buyer when agreeing to buy a property. It is normally a part of the sale price and is given with a written receipt or agreement, and may be forfeited if the buyer backs out.

Example & agent tip

Example: A buyer pays ₹5 lakh as bayana and gets a receipt stating the balance payment date.

Agent tip: Always issue a written receipt stating the property, amount, balance and last date.

Bhubaneswar

General & Places

The capital of Odisha, a planned city with temples, tech parks, universities and a growing apartment market. Chandrasekharpur, Patia and Rasulgarh are well-known localities.

Example & agent tip

Example: A government employee on transfer to Bhubaneswar rents near Patia first, and decides on a purchase later.

Agent tip: Confirm Odisha RERA registration through ORERA and the development authority approval.

Bhukhand

General & Places

Also called: भूखंड

The Marathi word for a plot of land, often used in official notices and advertisements for building plots in Maharashtra. It differs from "shet jamin", meaning farmland.

Example & agent tip

Example: A buyer sees a "bhukhand" notice in Nashik and asks if the plot has an NA order.

Agent tip: Ask whether a bhukhand is NA-converted and sanctioned by the planning authority.

Brochure Disclaimer

General & Places

Small print in a brochure saying images, plans, specifications and dimensions are indicative and subject to change. Promoters cannot use disclaimers to avoid the details they have registered under RERA or false claims they have made.

Example & agent tip

Example: A brochure disclaimer says the plan is not to scale, but the registered plan fixes the actual area.

Agent tip: Read the disclaimer and compare brochure details with the RERA-registered plan.

Brownfield Project

General & Places

A project built on land that was used before, such as an old factory, mill or buildings. It may need clean-up and clearances.

Example & agent tip

Example: A developer redevelops a closed mill site into apartments and offices.

Agent tip: Check for environmental clearances and old claims on the site.

Built-to-Suit

General & Places

A building constructed or fitted out to a tenant's specifications, usually under a long lease.

Example & agent tip

Example: A retailer asks a developer to build a warehouse to its design and leases it for 15 years.

Agent tip: Check the exit terms in case the tenant leaves early.

Related: Lease Deed Warehouse

C

7 terms

CAM Charges

General & Places

Common Area Maintenance charges: a monthly fee in commercial and residential complexes for upkeep of shared areas such as lobbies, lifts, security and gardens.

Example & agent tip

Example: A tenant in an office tower pays rent plus CAM at ₹6 per sq ft per month.

Agent tip: Check whether CAM is on carpet or super area, and how it may rise.

Related: Society Charges Office Space

Cancellation Charges

General & Places

A sum a developer deducts when a buyer cancels a booking. Under RERA, one-sided or unreasonable forfeiture clauses can be challenged.

Example & agent tip

Example: A builder's old agreement forfeits 20% on cancellation. A buyer challenges it as unfair.

Agent tip: Read the cancellation clause before the booking amount is paid and compare it with the state's format.

Carpet-to-Saleable Ratio

General & Places

Also called: Efficiency Ratio

The share of the sold area that is actually usable carpet area. A lower ratio means the buyer pays for more common and wall area. Buyers compare it across projects to see how much of the price buys usable space.

Example & agent tip

Example: Two 1,000 sq ft saleable flats have 700 and 620 sq ft carpet area, and the first has the better ratio.

Agent tip: Ask for both areas and compare ratios. A lower price per sq ft can hide a worse ratio.

Club Membership Fee

General & Places

A one-time or periodic charge for using a project's clubhouse and sports facilities. Some projects include it in the price while others charge it separately, sometimes at possession. It is an important add-on in the final cost.

Example & agent tip

Example: A buyer notes that the cost sheet shows a separate club charge, due at possession.

Agent tip: Ask whether the fee is optional, refundable or transferable on resale.

Coimbatore

General & Places

An industrial city in western Tamil Nadu known for textile, pump and engineering industries, and educational institutions. Its property market includes plotted layouts and apartments towards Saravanampatti and Singanallur.

Example & agent tip

Example: A mill owner's son buys a DTCP-approved plot near Saravanampatti for a future home.

Agent tip: In Tamil Nadu, ask for DTCP or local planning authority approval for plots (CMDA applies only in the Chennai area), and confirm the patta and sub-division status.

Colony

General & Places

A planned residential or commercial development of multiple plots or buildings. Authorities distinguish approved colonies, which follow the layout rules, from unapproved or illegal colonies.

Example & agent tip

Example: A buyer chooses a plot in an approved colony in Mohali, not in an illegal colony outside the approved area.

Agent tip: Always ask for the colony's approval order.

Corpus Fund

General & Places

Also called: Sinking Fund

A one-time deposit collected from buyers at the start, held by the society or association and used for major repairs and future needs. A sinking fund is similar but is usually a recurring contribution for planned repairs.

Example & agent tip

Example: A builder collects ₹100 per sq ft as corpus fund and hands it to the society at takeover.

Agent tip: Ask where the fund is held and whether it will be handed over to the society.

D

13 terms

Dalal

General & Places

Also called: दलाल, Property Dealer

The Hindi and Urdu word for a broker or middleman. In property use it means an agent who connects buyers and sellers for a fee, though the word can sound informal or negative.

Example & agent tip

Example: A seller in Ambala tells his son that the dalal has found two buyers for the shop.

Agent tip: Use the formal title Real Estate Agent when dealing professionally, and make sure agents are registered where the state law requires.

Dedicated Freight Corridor (DFC)

General & Places

Also called: DFC

Special railway lines meant only for goods trains, built on the Eastern and Western routes of the country. They free passenger tracks, speed up cargo and shape where warehouses and industrial parks are planned.

Example & agent tip

Example: A logistics firm looks for warehouse land near a DFC terminal in Haryana and checks the road link.

Agent tip: Land near freight terminals suits warehousing, not housing, so check land use before buying.

Deemed Conveyance

General & Places

A process in Maharashtra under which a co-operative housing society can get a conveyance order from the competent authority when the promoter does not execute the conveyance deed.

Legal basis: Maharashtra Ownership Flats Act, 1963 (Section 11), and Maharashtra Co-operative Societies Act.

Example & agent tip

Example: A Mumbai society whose builder has vanished applies for deemed conveyance to get the land transferred in its name.

Agent tip: Societies often delay this step. It is needed before redevelopment.

Delhi-Mumbai Expressway

General & Places

A long access-controlled expressway planned between Delhi (via Haryana) and Mumbai through several states, opened in sections. Towns near its interchanges draw interest for logistics and housing.

Example & agent tip

Example: A Rajasthan landowner near an interchange gets calls from buyers and checks his land's use category.

Agent tip: Section opening dates differ. Check which stretch is operational before relying on a travel time.

Delhi-Mumbai Industrial Corridor (DMIC)

General & Places

Also called: DMIC

A central government initiative to develop industrial and urban nodes along the Western Dedicated Freight Corridor between Delhi and Mumbai, across several states. It promotes investment regions, logistics parks and townships, with progress varying by node.

Example & agent tip

Example: A warehouse developer studies a DMIC node in Rajasthan and asks the state agency about allotment terms.

Agent tip: DMIC is a broad programme; only notified nodes carry special planning. Confirm if a given plot lies inside one.

Derabassi

General & Places

Also called: Dera Bassi

A town in Mohali district, Punjab, on the Chandigarh–Ambala highway between Zirakpur and Lalru, with housing and industrial areas.

Example & agent tip

Example: A buyer buys an industrial plot at Derabassi.

Agent tip: Check the zone and approvals, since housing and industry mix in this belt.

Devanahalli (North Bengaluru)

General & Places

Also called: North Bengaluru

A town north of Bengaluru, known as the location of the city's international airport. The area has plotted developments, business parks and aerospace and tech zones, and a separate planning authority for the airport region.

Example & agent tip

Example: An investor with land in Devanahalli asks a lawyer to confirm the master plan zoning before planning any layout.

Agent tip: Plots near the airport may fall under special planning rules, so check zoning, height limits and land use approvals before buying.

Dholera Special Investment Region (SIR)

General & Places

Also called: Dholera SIR

A greenfield industrial and urban region in Gujarat, planned as a node of the Delhi-Mumbai Industrial Corridor. It has a notified development authority and planning scheme, and has long been marketed for plots, so buyers should be careful.

Example & agent tip

Example: An agent receives a pamphlet advertising "Dholera plots" and asks the seller if the plot lies inside the notified town planning scheme.

Agent tip: Many sellers advertise land near Dholera outside the notified area. Check the survey number against the SIR's official map before paying.

Distress Sale

General & Places

A sale made quickly, often below market price, because the seller needs cash urgently or faces loan default, legal pressure or family difficulty. Buyers should be extra careful about title, dues and the reason for the rush.

Example & agent tip

Example: An owner offers a Sector 70 flat below market rate to repay a loan and wants money within a week.

Agent tip: A low price does not remove the need for checks. Verify title, loan status and any litigation first.

Dolil

General & Places

Also called: দলিল, Deed, Mother Deed

The Bengali word for a deed, used for registered property documents such as the sale deed. The "mother deed" or "matrik dolil" is the earlier deed showing how the seller got the property.

Example & agent tip

Example: A seller in Kolkata hands over the original dolil and the previous owner's dolil to the buyer's lawyer.

Agent tip: Ask for the chain of previous deeds, the matrik dolil included, to check title.

Dormant Plot

General & Places

A plot that has been allotted or approved but left without construction for a long period. Development authorities often set deadlines for building, and a dormant plot can attract extension fees, penalty or even resumption.

Example & agent tip

Example: An industrial plot allotted in 2019 is still empty in 2026. The authority's allotment terms may allow it to charge an extension fee or cancel the allotment.

Agent tip: Read the allotment terms on construction deadlines before you quote a dormant plot, and ask for proof that extensions were granted.

Due Diligence

General & Places

The checks a buyer, lender or agent makes before a purchase: title, approvals, RERA registration, encumbrances, litigation, tax and dues, and physical possession. The aim is to find problems before money is paid.

Example & agent tip

Example: Before a booking, an agent checks the RERA number, the sanctioned plan, the encumbrance certificate, the Jamabandi and any pending cases.

Agent tip: Use a written checklist for every deal. A skipped check is the usual cause of a bad purchase.

Dwarka Expressway

General & Places

A high-capacity road linking Dwarka in Delhi with Gurugram's NH-48 stretch, also called the Northern Peripheral Road. It improved access to the sectors along its route and is widely referred to when discussing Gurugram's western residential belt.

Example & agent tip

Example: A buyer notes that a Sector 100-plus apartment in Gurugram is a short drive from the Dwarka Expressway and asks how the access road is planned.

Agent tip: Always check the site's actual road access and the sector's licence status; being close to an expressway on a map does not guarantee a usable entry road.

E

3 terms

Electronic City

General & Places

A large technology and industrial area south of Bengaluru, developed by KEONICS in the 1970s-80s. It has offices, apartments and layouts, and an elevated expressway links it to the city.

Example & agent tip

Example: A fresher chooses a paying guest room in Electronic City for its walk to the office and meals.

Agent tip: When buying around Electronic City, check whether the property sits in the Greater Bengaluru Authority area (formerly BBMP) or a panchayat jurisdiction, because tax and khata differ.

e-Registration

General & Places

A system in some states that lets people book appointments, upload documents and complete part of registration online.

Example & agent tip

Example: A buyer in a digital state books a Sub-Registrar slot online.

Agent tip: Check the state's online registration portal.

Expressway

General & Places

A high-speed, access-controlled road with limited entry points. Land close to interchanges and planned nodes is often a topic in property talk, but access depends on service roads and local connections.

Example & agent tip

Example: A buyer notes a plot is "near the expressway" but learns the nearest entry point is far away.

Agent tip: Ask for the actual distance to the nearest entry or exit and for the service road status.

F

5 terms

Facing (Property Direction)

General & Places

Also called: East-facing, North-facing, Park-facing

The direction the main entrance or road side of a property faces, such as east-facing or north-facing. In India it affects price because many buyers follow Vastu preferences. It can also mean the view, such as park-facing or road-facing.

Example & agent tip

Example: A plot facing a park in Panchkula costs more per gaj than a similar plot in the same row.

Agent tip: Check the actual direction with a compass. Do not rely on sales claims about Vastu.

Faridabad

General & Places

A Haryana city south-east of Delhi in the NCR, known for an older industrial base and a growing set of residential sectors and plotted colonies. It falls under Haryana's town-planning and HRERA framework.

Example & agent tip

Example: A small manufacturer in Okhla looks for a house in a Faridabad sector so that his workers and he live near the Delhi border.

Agent tip: In Haryana, check whether a plot is in an approved sector or a licensed colony, as unapproved colonies exist around the city.

Final Inspection

General & Places

Also called: Pre-Handover Inspection

A detailed check of the unit before accepting possession, covering walls, floors, doors, fittings, plumbing, electricals, area and agreed specifications. Defects are listed and the developer is asked to fix them in time.

Example & agent tip

Example: A buyer finds leaking bathroom tiles and a mismatched kitchen fitting, and lists them in a snag form before taking the keys.

Agent tip: Do the inspection in daylight, carry a measuring tape and take photographs of each defect.

Fit-Out Possession

General & Places

Also called: Fit-out Period

Early handover of a commercial space so that the tenant or buyer can do interior work before the formal start of rent or final possession. It is common in offices and shops, and rent may start later or after a rent-free period.

Example & agent tip

Example: A retailer gets fit-out possession of a shop two months before opening and pays no rent during that time.

Agent tip: Put the fit-out period, rent start date and restoration duties in the lease.

Franking

General & Places

Paying stamp duty on a document at a bank or authorised centre, which marks it as duly stamped. It is an alternative to buying stamp paper in some states.

Example & agent tip

Example: A buyer pays stamp duty at an authorised franking centre.

Agent tip: Check what each state allows: franking, e-stamping or physical stamp paper.

G

12 terms

Gachibowli

General & Places

A western Hyderabad area adjoining the Financial District, known for IT campuses, universities and a large pool of residential projects. It is widely considered part of the city's corporate belt.

Example & agent tip

Example: A professional compares renting in Gachibowli with buying farther out and weighs the daily commute.

Agent tip: Look at the actual status of the building permissions and the RERA registration, not just the address.

Gala

General & Places

A small industrial or commercial unit in Maharashtra, often a workshop or shop in an industrial estate or market.

Example & agent tip

Example: A buyer in Mumbai purchases an industrial gala of 400 sq ft.

Agent tip: Check whether the gala is approved for industrial or commercial use.

Related: Industrial Plot Warehouse

Ghaziabad

General & Places

An industrial and residential city in western Uttar Pradesh on the eastern edge of Delhi, within the NCR. Property talk here usually covers Indirapuram, Raj Nagar Extension, Vaishali and areas along the Delhi-Meerut RRTS corridor.

Example & agent tip

Example: Sunita works in Delhi and compares flats in Ghaziabad near a metro station against similar flats farther away, checking commute times by train.

Agent tip: Within Ghaziabad the approving body differs by locality (development authority or private colony rules). Verify the authority and RERA registration for the specific project.

GIFT City

General & Places

Also called: Gujarat International Finance Tec-City

Gujarat International Finance Tec-City, a planned business district near Gandhinagar that hosts India's first operational International Financial Services Centre. It has special regulatory arrangements for financial units, and offices and housing are being built there.

Example & agent tip

Example: A fund manager checks the office rules in GIFT City and learns that the financial entity rules are different from those in the rest of Gujarat.

Agent tip: Rules for units inside the IFSC and rules for the wider area differ. Check which notification applies to a specific building or use.

GPA Sale

General & Places

A sale of property through a General Power of Attorney and related documents instead of a registered sale deed. The Supreme Court has held that it does not transfer ownership.

Legal basis: Suraj Lamp and Industries v. State of Haryana (Supreme Court, 2011).

Example & agent tip

Example: A seller offers a plot through an agreement, a GPA and a will. The buyer insists on a registered sale deed.

Agent tip: Avoid GPA sales. Banks do not lend against them and the title remains with the seller.

Grace Period

General & Places

Extra time allowed in an agreement before a delay counts as a breach, often used in builder agreements for possession. The length and fairness of the period depend on the agreement and RERA rules, so read its wording carefully.

Example & agent tip

Example: An agreement allows a six-month grace period after the promised date. The buyer disputes it before the RERA authority.

Agent tip: Check whether a grace period is in the agreement and whether the RERA registration date already includes it.

Grade A Office

General & Places

A modern office building with good location, strong specifications, central air-conditioning, backup power and professional management. Grading is a market convention, not a legal category.

Example & agent tip

Example: A multinational leases floors in a Grade A tower in Gurugram.

Agent tip: Ask the broker to state the criteria used for the grade.

Greater Noida West

General & Places

Also called: Noida Extension

A large residential belt in Gautam Buddh Nagar, Uttar Pradesh, west of Greater Noida and part of the NCR. It is known for many high-rise group housing projects and is officially described by the Greater Noida authority's sectors and villages, not by a single master-planned name.

Example & agent tip

Example: Rohit, an IT employee in Ghaziabad, shortlists a few towers in Greater Noida West and asks each promoter for the UP-RERA number and the authority's approved layout.

Agent tip: The area is dense with projects of very different delivery records, so compare possession history, not just brochures. Confirm which authority's plan covers the exact land.

Green Belt

General & Places

A zone around or within a city in which construction is banned or severely limited, to protect open space.

Example & agent tip

Example: A plot in a green belt cannot be used for housing.

Agent tip: Check the master plan zone for any plot offered near the city edge.

Greenfield Project

General & Places

A project built on land that has not been developed before, often outside the city. It offers modern planning but may lack nearby infrastructure.

Example & agent tip

Example: A developer builds a township on farmland on the city's edge.

Agent tip: Check the plans for roads, water and power connections.

Gruh Nirman Sanstha

General & Places

Also called: गृहनिर्माण संस्था, Housing Society

A Marathi term for a housing society, usually a co-operative one registered under the state's co-operative law. People use it in documents and society nameboards across Maharashtra.

Example & agent tip

Example: A buyer in Pune sees "Shree Ganesh Gruh Nirman Sanstha" on a board and asks for the society's share certificate.

Agent tip: Ask for the registration certificate, bye-laws and share certificate when buying in a society.

Gurugram

General & Places

Also called: Gurgaon

A major city in Haryana in the National Capital Region, with large residential and commercial development. HRERA Gurugram and the DTCP cover its projects.

Example & agent tip

Example: A buyer looks at a high-rise in Gurugram and checks HRERA registration.

Agent tip: Check licences, RERA numbers and the project's litigation record. Gurugram has many large projects.

H

4 terms

Haveli

General & Places

A traditional large mansion with courtyards, found in Rajasthan, Punjab, Gujarat and Uttar Pradesh, often with decorated facades. Many are old, with joint family ownership, heritage rules or poor repair, so legal and structural checks matter.

Example & agent tip

Example: A buyer wants to convert an old haveli in Jaipur into a boutique hotel after checking heritage limits.

Agent tip: Verify ownership shares of all family members and heritage restrictions before negotiating.

Hinjewadi

General & Places

A Pune suburb built around the Rajiv Gandhi Infotech Park, developed by MIDC. It is known for IT offices, rental housing near workplaces and big residential schemes, along with debates on roads and traffic.

Example & agent tip

Example: A newly hired analyst rents a flat in Hinjewadi and checks the walking distance to the office shuttle stop.

Agent tip: Rental demand follows office presence, so ask about traffic and shuttle options on a visit. Verify the project's PMRDA or local approvals.

HITEC City

General & Places

Also called: Hyderabad Information Technology and Engineering Consultancy City

A Hyderabad business district in Madhapur, developed in the late 1990s as a technology hub. It has office towers, shopping, and many apartment communities around it, and is a reference point for the western Hyderabad market.

Example & agent tip

Example: A developer's brochure mentions a project as "15 minutes from HITEC City"; the buyer checks the real distance on a map.

Agent tip: Verify the listed distance and travel time yourself, since marketing often uses straight-line distance.

Home Loan Insurance

General & Places

A life insurance cover that pays off the outstanding home loan if the borrower dies. A property insurance may cover the building against fire and other damage.

Example & agent tip

Example: A borrower takes a decreasing-term cover tied to the loan.

Agent tip: Compare standalone term insurance with the lender's package.

Related: Home Loan Mortgage

I

5 terms

IGR (Inspector General of Registration)

General & Places

The registration department head in a state. In Maharashtra the IGR runs the online services for registration, Index II and stamp duty.

Example & agent tip

Example: A buyer in Maharashtra uses the IGR portal to search registered documents.

Agent tip: Check which state portal is used for registered documents.

Indore

General & Places

A major city of Madhya Pradesh known as a commercial and educational centre, with new townships, a metro in progress and an investment-promotion push. Super corridor and bypass areas are often discussed for plotted development.

Example & agent tip

Example: An investor from Bhopal visits Indore to see a plot near the Super Corridor, and checks that the colony is approved.

Agent tip: Madhya Pradesh has many unauthorised colonies, so ask for the approved layout and the MP RERA registration.

Industrial Corridor

General & Places

A planned belt of industrial nodes, transport links and supporting townships developed along a major rail or road route. It aims to attract factories and logistics, and the land around it often sees speculative interest.

Example & agent tip

Example: A land buyer hears that a new corridor will pass near his village and asks the district office whether acquisition has been notified.

Agent tip: Speculation can outrun reality. Rely on notified alignments and master plans, not on rumours or sketches.

Intimation of Disapproval (IOD)

General & Places

A document issued by the Brihanmumbai Municipal Corporation to a developer listing the conditions that must be satisfied before the commencement certificate is given.

Example & agent tip

Example: A Mumbai developer receives an IOD and must meet its conditions before starting construction.

Agent tip: A project with only an IOD has not yet got full permission to start.

IT City (Mohali)

General & Places

A planned area in Mohali near the airport road meant for IT companies and related housing and commercial development. Buyers should check what is actually built and approved at the time of purchase.

Example & agent tip

Example: An investor eyes a plot near IT City Mohali for future commercial use and asks the agent for planning documents.

Agent tip: Ask for the authority's planned land use. Do not rely on future promises of company arrivals.

J

3 terms

Jameen

General & Places

The Hindi and Punjabi word for land. It is used in conversation with owners and in local records.

Example & agent tip

Example: A farmer says "meri jameen" for his own land.

Agent tip: Always confirm the exact record details (khasra, Jamabandi) behind such informal terms.

Related: Agricultural Land Jamabandi

Joint Development Agreement (JDA)

General & Places

Also called: JDA

An agreement between a landowner and a developer in which the owner provides land and the developer builds, with both sharing the built area or revenue.

Example & agent tip

Example: A landowner in Bengaluru receives 35% of the built apartments in return for the land.

Agent tip: Check the registration of the JDA, the sharing ratio and the date of completion.

Jomi

General & Places

Also called: জমি, Jami

The Bengali word for land. In West Bengal, property talk often uses it with other words such as "jomi-jama" for land and property, and "bastu jomi" for land recorded for homestead use.

Example & agent tip

Example: A buyer in Hooghly checks whether the jomi is recorded as bastu or as agricultural before agreeing on a price.

Agent tip: In West Bengal, check the record of rights and land classification for any jomi, as conversion is needed for non-agricultural use.

K

7 terms

Kabza

General & Places

Also called: Qabza

The Hindi and Urdu word for possession or control of property. In deals it means who is physically holding the property. Sellers should deliver clear kabza, and buyers should ask who occupies it.

Example & agent tip

Example: A buyer pays an advance but finds the plot is occupied by a relative of the seller who refuses to leave.

Agent tip: Visit the property and ask who holds kabza before paying large sums. Mention it in the agreement.

Kharadi

General & Places

A Pune area in the eastern part of the city, known for an IT park, offices and many apartment complexes. It is a commonly discussed micro-market for professionals working in eastern Pune.

Example & agent tip

Example: Sneha, working in a Kharadi office, compares buying nearby with renting while her family decides.

Agent tip: In a hot rental micro-market, ask the owner about previous tenants and typical agreements before relying on estimates.

Kharar

General & Places

A town in Mohali district, Punjab, west of Mohali on the road to Ropar, with fast-growing apartment and plotted projects.

Example & agent tip

Example: A buyer picks an affordable flat in Kharar.

Agent tip: Verify the approval authority and RERA number for each project.

Kiraya

General & Places

Also called: किराया, Kirayedar

The Hindi word for rent. A tenant is a kirayedar and the person who rents out the property is a makaan malik. It is also used for the rent amount in verbal deals.

Example & agent tip

Example: A shop owner in Bareilly raises the kiraya every year by an agreed percentage.

Agent tip: Even with a trusted tenant, write the kiraya, increase and notice period in a rent agreement.

Kochi

General & Places

Also called: Cochin

A port and commercial city in Kerala, known for its IT park, a metro, backwater-view apartments and a large NRI buyer base. Property rules involve the coastal regulation zone and wetland protection in many places.

Example & agent tip

Example: An NRI in Dubai wants an apartment in Kochi and appoints a relative through a power of attorney to complete the process.

Agent tip: In Kerala, ask for the data bank and wetland status of land, and for coastal zone checks near the water. Do these before paying a token.

Kokapet

General & Places

A western Hyderabad locality near the Financial District, known for large land parcels sold by state agencies at auction and for new high-rise development. It is discussed as an emerging, high-profile micro-market.

Example & agent tip

Example: A buyer sees a new high-rise in Kokapet and asks the promoter for HMDA permission and a title report.

Agent tip: Land bought through auction has its own conditions, such as development timelines. Ask what terms the project land carries.

Kothi

General & Places

Also called: Kothi House

A north Indian word for a large independent house, often with a garden and boundary wall, standing on its own plot. In Punjab and Haryana, it usually refers to a house on a sizeable residential plot.

Example & agent tip

Example: A family sells their old kothi in Chandigarh's Sector 8 to a builder who plans to construct builder floors on the plot.

Agent tip: When a client asks for a kothi, confirm plot size, floors permitted and whether it is freehold.

L

4 terms

Lalru

General & Places

A town near Derabassi in Mohali district, Punjab, on the Chandigarh–Ambala highway. It has a large industrial area and growing plotted development.

Example & agent tip

Example: A buyer looks at an industrial plot at Lalru.

Agent tip: Verify the industrial zone, the authority approval and the project's RERA registration where applicable.

Landran

General & Places

A locality near Mohali and Kharar, known for institutes, group housing and plotted projects. Buyers should check road width, sewer connection and approvals for each project.

Example & agent tip

Example: A student family looks at a rental flat in Landran near a university campus.

Agent tip: Check the colony approval and water supply, because supply and sewer quality vary by pocket.

Launch Offer

General & Places

A discounted price, waived charge or special payment plan offered at the start of sales in a project. Buyers should check whether the offer is genuinely lower or just a rearranged cost.

Example & agent tip

Example: A developer offers free parking and waives club membership for the first fifty bookings.

Agent tip: Compare the all-in cost with and without the offer. Get the offer written into the agreement.

Lower Parel

General & Places

A central Mumbai area that grew from former textile mill land into a mix of high-rise homes, offices, malls and restaurants. Its development followed changes in mill land rules and redevelopment norms.

Example & agent tip

Example: A consultant looks at an apartment in a former mill compound in Lower Parel, and checks the mill land conversion papers.

Agent tip: For old mill land, check the development permissions and any mill-worker housing obligations through the title report.

M

10 terms

Makaan

General & Places

Also called: मकान, Makan

The Hindi and Urdu word for a house or building. In property talk, it often means a house on its own land, as opposed to a flat or a plot.

Example & agent tip

Example: A seller in Jalandhar advertises a "do manzila makaan" meaning a two-storey house.

Agent tip: Ask what the word covers in a listing, since "makaan" may include land share or only the structure.

Manai

General & Places

Also called: மனை, Manai Pirivu

A Tamil word for a house site or plot, often used in advertisements in Tamil Nadu for residential plots in a layout, as in "manai pirivu" meaning a plot division.

Example & agent tip

Example: A buyer from Salem looks at a manai in a DTCP-approved layout and asks for the patta.

Agent tip: Check approval of the layout and the individual plot, including the patta and the encumbrance certificate.

Metro Rail

General & Places

An urban rail network, usually elevated or underground, built in many Indian cities. Its stations often influence nearby rents, shop demand and development, though effects depend on the area, feeder links and construction delays.

Example & agent tip

Example: A tenant in Bengaluru chooses a flat close to a metro stop to avoid traffic.

Agent tip: Use the officially notified alignment and station list, and check if the line is running, not just planned.

Micro-market

General & Places

A small area within a city, such as a sector or locality, whose prices and demand differ from the surrounding areas.

Example & agent tip

Example: Two sectors in Mohali may have very different rates per sq ft.

Agent tip: Know the micro-markets you serve and keep a record of rates.

MMR (Mumbai Metropolitan Region)

General & Places

The region around Mumbai, including Thane, Navi Mumbai and Kalyan, planned by MMRDA.

Example & agent tip

Example: A buyer in Thane deals with MahaRERA and the local municipal corporation.

Agent tip: State the exact municipal area when you quote a property.

Related: MMRDA MahaRERA

MOFA

General & Places

The Maharashtra Ownership Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer) Act, 1963, an earlier state law for flat sales. RERA now covers most of these matters, but MOFA still applies to older cases.

Example & agent tip

Example: An older society deal in Pune is argued under MOFA, while a new project falls under RERA.

Agent tip: For older Maharashtra projects, ask which law applies.

Related: Deemed Conveyance RERA

Mohali (SAS Nagar)

General & Places

Also called: SAS Nagar, Sahibzada Ajit Singh Nagar

The city in Punjab, officially Sahibzada Ajit Singh Nagar (SAS Nagar), next to Chandigarh. It is a planned city with numbered sectors and falls under GMADA and the Punjab RERA.

Example & agent tip

Example: A buyer chooses a flat in a Mohali sector near the IT City.

Agent tip: Quote the sector number and check GMADA approval.

Related: GMADA Tricity RERA Punjab

Mohalla

General & Places

Also called: मोहल्ला

A Hindi and Urdu word for a neighbourhood or locality within a town. Buyers often search for property by mohalla name in older towns, where formal sector numbers may not exist.

Example & agent tip

Example: A tenant in Lucknow asks for a house in a particular mohalla to be close to family.

Agent tip: In an older mohalla, check the lane width, ownership history and municipal records before buying.

Mullanpur

General & Places

A fast-developing area near Chandigarh on the Punjab side, close to New Chandigarh, with residential, commercial and institutional projects. Buyers often compare it with Kharar and Zirakpur.

Example & agent tip

Example: A buyer compares plot prices in Mullanpur with Kharar before deciding where to build.

Agent tip: Check whether the project is in an approved colony and its RERA status. Ask about road access and water supply.

Related: New Chandigarh Kharar Tricity

Mumbai Trans Harbour Link (Atal Setu)

General & Places

Also called: MTHL, Atal Setu

A long sea bridge linking Sewri in Mumbai with Nhava Sheva near Navi Mumbai, opened in early 2024. It shortens road travel across the harbour and is often cited in property discussions about Navi Mumbai, Uran and Raigad.

Example & agent tip

Example: A broker tells a client that the sea link has made a Chirle plot more reachable, and asks for the sanctioned layout before discussing anything else.

Agent tip: Infrastructure may change interest in an area, but verify zoning and land title. Hearsay about future access is not a legal right.

N

7 terms

Nagpur

General & Places

A central Indian city in Maharashtra, known for its location at the geographical centre of the country, the MIHAN logistics zone and a metro. Highway and expressway links are often cited for its plot market.

Example & agent tip

Example: A buyer from Amravati looks at an NA-converted plot in Nagpur and asks for the NA order.

Agent tip: Make sure Nagpur plots on the edge have been converted to non-agricultural use and approved under the right planning body.

Navi Mumbai

General & Places

Also called: New Bombay

A planned city across the harbour from Mumbai, developed in nodes such as Vashi, Nerul, Kharghar, Panvel and Ulwe. CIDCO was the main planning authority, and the city is known for planned plots, rail links and a new airport zone.

Example & agent tip

Example: A Dadar family shifts to Kharghar for a larger flat, noting that the local train runs on the harbour line.

Agent tip: Many Navi Mumbai plots are CIDCO leasehold, so check the lease terms and any transfer permissions during resale.

NCR (National Capital Region)

General & Places

The region around Delhi, covering parts of Haryana, Uttar Pradesh and Rajasthan, planned by the National Capital Region Planning Board. It includes Gurugram, Noida, Ghaziabad and Faridabad.

Example & agent tip

Example: A buyer compares flats in Noida (UP) and Gurugram (Haryana), which have different RERA authorities.

Agent tip: Each NCR state has its own rules. Always state which one applies.

Related: Gurugram NOIDA HRERA UP-RERA

New Chandigarh

General & Places

A planned township area near Mullanpur in SAS Nagar district, Punjab, developed under GMADA's planning.

Example & agent tip

Example: A buyer considers a plot in the New Chandigarh area.

Agent tip: Check approvals and the master plan for the exact sector.

Related: GMADA Tricity

New Town Rajarhat

General & Places

Also called: Rajarhat

A planned township on the north-eastern edge of Kolkata, developed by the Hidco authority, with an IT hub, large housing complexes and wide roads. It is a major growth area of the Kolkata region.

Example & agent tip

Example: A Salt Lake family shifts to a flat in Rajarhat for a larger home closer to Action Area office parks.

Agent tip: Check whether the land belongs to Hidco, a private owner or a lease arrangement, since the paperwork differs.

Nilam

General & Places

Also called: நிலம்

A Tamil word for land. In property listings it can mean any land, including farmland, so the type of land should be confirmed.

Example & agent tip

Example: A family in Erode sells ancestral nilam and asks whether it can be converted for housing.

Agent tip: Ask for the classification and the patta for any "nilam" before treating it as a building site.

Nomination (Transfer of Allotment)

General & Places

Transfer of a buyer's rights in an allotted unit to another person before the sale deed, with the developer's approval. Developers often charge a transfer fee.

Example & agent tip

Example: A buyer who cannot continue with a booking transfers it to a relative through the builder's nomination form.

Agent tip: Get the transfer endorsed by the developer in writing. A private transfer without the developer's approval is risky.

O

2 terms

Offer of Possession

General & Places

A written notice from the developer that the unit is ready and the buyer must complete payments and take possession. Under RERA this normally follows an occupancy certificate.

Legal basis: Section 17 of the RERA Act, 2016 deals with handing over possession and documents.

Example & agent tip

Example: A developer sends an offer of possession in Mohali along with a final demand and asks the buyer to attend an inspection.

Agent tip: Check that the occupancy certificate exists before accepting. A notice without it is incomplete.

Old Mahabalipuram Road (OMR)

General & Places

Also called: OMR, Rajiv Gandhi Salai, IT Corridor Chennai

A Chennai IT corridor, also called Rajiv Gandhi Salai, running along the coast south of the city through Perungudi, Sholinganallur and Navalur. It has offices, apartments and educational campuses.

Example & agent tip

Example: A Chennai family looks at a flat in Navalur for easy access to their daughter's office on OMR.

Agent tip: Parts of the corridor lie near coastal zones and lakes, so check CRZ and flood history for the plot or building.

P

9 terms

Pagri System

General & Places

Also called: Pugree

A Mumbai practice where a tenant pays a large lump sum to the landlord to get or continue a tenancy at a low monthly rent, and may later share the sale value of the building. Legal rights depend on the tenancy law and agreement.

Example & agent tip

Example: A shop tenant in old Mumbai paid pagri decades ago and now claims a share in the redevelopment.

Agent tip: Do not buy or sell a pagri tenancy without legal advice. Rights differ between old rent control cases.

Panchkula

General & Places

A planned city in Haryana next to Chandigarh, with numbered sectors. Projects fall under HRERA and the Haryana town planning rules.

Example & agent tip

Example: A buyer chooses a builder floor in a Panchkula sector.

Agent tip: Quote the sector and check HRERA registration.

Related: Tricity HRERA HSVP

Peer Muchalla

General & Places

A locality in Zirakpur near the Chandigarh border, known for residential societies, shops and highway access. It is popular with buyers who want Chandigarh access at lower prices.

Example & agent tip

Example: A buyer from Chandigarh looks at a flat in Peer Muchalla for lower cost and quick access to the city.

Agent tip: Check traffic at peak hours and the project's approvals. Travel time matters more than distance.

Related: Zirakpur Baltana Tricity

Periphery Controlled Area

General & Places

Also called: Chandigarh Periphery

A belt of land around Chandigarh where construction and land use are controlled by law to protect the planned capital from unplanned growth. Colonies in it need specific approvals.

Example & agent tip

Example: A buyer asks whether the plot near the Chandigarh border lies in the periphery area and what approvals apply.

Agent tip: Ask the authority for confirmation of which controlled area rules apply to a plot.

Physical Possession

General & Places

Also called: Actual Possession

Actual handing over of the property so that the buyer can enter and use it, as opposed to a paper transfer. Having the keys and being able to occupy the property is the usual sign that physical possession has passed.

Example & agent tip

Example: The builder hands the keys to the buyer after the final inspection and takes a signed receipt.

Agent tip: Take possession in writing, with the meter readings and defects list noted.

Pol

General & Places

A traditional clustered neighbourhood of closely built houses in old Ahmedabad, with a gated lane entrance and shared community spaces. Houses in a pol have special features, and redevelopment there is different from that in modern societies.

Example & agent tip

Example: A buyer considers a heritage house in a pol and asks about the heritage building rules.

Agent tip: Check heritage rules, shared walls and neighbours' consent before buying or redeveloping a house in a pol.

Pol House

General & Places

A traditional house in the old walled city of Ahmedabad, built in a cluster known as a pol with a shared gate and narrow lanes. Pol houses are often wooden-fronted and heritage-valued, with special transfer customs and repair limits.

Example & agent tip

Example: A buyer inspects a pol house in old Ahmedabad and learns that the cluster has its own rules on sale and repairs.

Agent tip: Check any local custom or association rules and heritage limits on repairs before agreeing a price.

Related: Heritage Property Haveli

Powai

General & Places

A north-eastern Mumbai suburb around Powai Lake, known for a technical institute, office parks and many gated residential complexes. It is a long-established micro-market for professionals.

Example & agent tip

Example: A software couple chooses to rent in Powai because both offices are within a short ride.

Agent tip: Check the society's maintenance and parking rules before renting or buying, since large complexes have set charges.

PropTech

General & Places

Technology used in property, such as online listings, virtual tours, digital document checks, CRM and AI search.

Example & agent tip

Example: A buyer takes a virtual tour of a flat before a site visit.

Agent tip: Use technology for convenience, but verify documents against official records.

Related: CRM Site Visit

R

5 terms

Regional Rapid Transit System (RRTS)

General & Places

Also called: RRTS, Namo Bharat

A faster regional rail service, built by the National Capital Region Transport Corporation, linking Delhi with other NCR cities. The Delhi-Ghaziabad-Meerut corridor runs under the Namo Bharat name; other corridors have been planned.

Example & agent tip

Example: A Meerut resident working in Delhi looks for a flat near an RRTS station to cut the daily commute.

Agent tip: Check which corridors are operating, as others are under construction or proposed. Plan around the actual line status.

Registry

General & Places

Also called: Registree

Everyday north Indian word for registering a sale deed at the sub-registrar office. People say "registry ho gayi" to mean ownership has been transferred and registered. It is also used for the registered deed itself.

Example & agent tip

Example: A buyer in Zirakpur says the registry is fixed for Friday at the sub-registrar office.

Agent tip: Explain that registry is different from mutation. Buyers must also get the land records updated.

Resident Welfare Association (RWA)

General & Places

An association of residents that manages the common affairs of a colony or society, such as security, parks and maintenance. It is common in plotted colonies and sectors.

Example & agent tip

Example: An RWA in a Mohali sector organises security and waste collection.

Agent tip: In a plotted colony, check how the RWA is funded and registered.

Right of Way (ROW)

General & Places

The strip of land reserved for a road, including its width. It determines how wide a road can be and where building lines fall.

Example & agent tip

Example: A plot on a 60 ft ROW road has different setback and permitted use rules from a 20 ft road.

Agent tip: Check the road width, as it can decide permitted height, use and FAR.

Related: Setback Easement Master Plan

Right to Information (Allottee)

General & Places

The right of a buyer to get details of a project, such as the sanctioned plan, the layout plan with specifications and the stage-wise completion schedule.

Legal basis: Section 19(1) and 19(2) of the RERA Act, 2016.

Example & agent tip

Example: A buyer asks the developer for the stage-wise schedule and the project's approvals.

Agent tip: Remind buyers that this is a right under the Act.

S

12 terms

Sadnika

General & Places

Also called: सदनिका

The Marathi word used in legal and official documents for a flat or apartment, as in agreements for sale of a "sadnika". Everyday speech often uses "flat" instead.

Example & agent tip

Example: A Maharashtra agreement refers to the buyer's "sadnika kramank 402", meaning flat number 402.

Agent tip: When reading Marathi agreements, check that the flat number, floor and carpet area in the sadnika description match the sanctioned plan.

Sale and Leaseback

General & Places

A deal in which an owner sells a property and takes it back on lease, raising money while continuing to use it.

Example & agent tip

Example: A company sells its office building to an investor and rents it back for ten years.

Agent tip: Check the lease terms, rent escalation and tax treatment.

Related: Lease Deed Pre-Leased Property

Sanand

General & Places

An industrial town near Ahmedabad in Gujarat, hosting automobile and electronics factories. Property interest includes industrial plots, warehouses and housing for workers and managers.

Example & agent tip

Example: A supplier buys a small shed in a Sanand industrial estate and checks the GIDC allotment terms.

Agent tip: Industrial estate plots usually come with allotment conditions, such as use and time to build. Read them before buying a resale plot.

Sarjapur Road

General & Places

A growing corridor in south-east Bengaluru running from Agara and Bellandur to Sarjapur, with apartments, villas, plotted layouts and schools. It is popular with IT professionals working in nearby tech parks.

Example & agent tip

Example: A buyer compares an apartment near Haralur with a villa farther out on Sarjapur Road for space and travel time.

Agent tip: Many layouts here are on converted agricultural land, so check land conversion and the approving body for each plot.

Sector

General & Places

A numbered planning unit in cities such as Chandigarh, Mohali and Panchkula, usually a self-contained residential area with its own roads, markets and parks.

Example & agent tip

Example: A plot in Sector 70, Mohali, falls under GMADA's plan for that sector.

Agent tip: Quote the sector number and the plot or house number.

Related: Tricity Plot Master Plan

SG Highway

General & Places

The Sarkhej-Gandhinagar Highway in Ahmedabad, a main commercial and residential corridor with malls, offices, clubs and apartment projects. It is a standard reference when people discuss Ahmedabad's western growth.

Example & agent tip

Example: A business owner plans a showroom on SG Highway and checks the zoning and parking rules of the commercial unit.

Agent tip: Commercial units need approvals for use, parking and fire norms. Confirm these before leasing a showroom.

Show Flat

General & Places

Also called: Sample Flat, Model Apartment

A fully furnished sample unit in a project, built to display layout and finish. It may have upgraded fittings and furniture that are not part of the actual price, so buyers should compare it with the agreed specifications.

Example & agent tip

Example: A buyer loves the furnished sample flat, but the agent clarifies that the furniture and false ceiling are not included.

Agent tip: Ask which items in the show flat are included in the price and list them in the agreement.

Smart Cities Mission

General & Places

A central government programme launched in 2015 to improve infrastructure and services in selected Indian cities through area-based projects and city-wide technology solutions. Its funding period was set to end in March 2025, so check what projects continue under city governments.

Example & agent tip

Example: A councillor shows residents a redeveloped market street built under the mission and explains who now runs and maintains it.

Agent tip: Being in a "smart city" does not mean a project is approved or safe. A buyer should check the building's own permissions.

Society Charges

General & Places

Also called: Maintenance Charges

Regular payments by flat owners to the housing society or association for maintenance of common areas, security, lifts, water, garden and other services. Also called maintenance charges.

Example & agent tip

Example: A flat owner pays ₹4 per sq ft per month as maintenance charges.

Agent tip: Ask for the current rate and any arrears before a resale. Dues pass with the flat in practice.

Sohna Road

General & Places

A Gurugram arterial road from Subhash Chowk towards Sohna, lined with group housing, builder floors and retail. It is a well-known residential micro-market of the city.

Example & agent tip

Example: A family from Faridabad compares a builder floor on Sohna Road with a high-rise flat on Golf Course Extension Road for school access.

Agent tip: Sohna Road has a mix of licensed and older colonies. Ask for the licence number and check the sector or colony record.

Surat

General & Places

A Gujarat city known for diamond cutting and polishing and textile trade, with a fast-growing built-up area, a new metro under way and a diamond bourse. Its markets include both apartments and commercial space linked to trade.

Example & agent tip

Example: A textile trader buys a shop near the market and an apartment on the Vesu side for his family.

Agent tip: Check the SUDA town-planning scheme rules, since final plots in Gujarat's town planning schemes differ from original plots.

Symbolic Possession

General & Places

Also called: Constructive Possession

A legal step where possession is deemed to pass without actual occupation, such as by a notice, affixing a notice, or an order, often in loan recovery or court matters. The person may still need further steps to physically take over.

Example & agent tip

Example: A bank takes symbolic possession of a defaulted flat by posting a notice on the door.

Agent tip: When buying an auction property, ask whether physical possession is available or still to be obtained.

T

2 terms

Thane

General & Places

A city in the Mumbai Metropolitan Region north-east of Mumbai, with many high-rise residential projects along Ghodbunder Road, Majiwada and Kolshet and redevelopment of older societies in the main town.

Example & agent tip

Example: An engineer commuting to Airoli prefers a Thane flat near the station over a cheaper one farther inside.

Agent tip: Check whether the project is on a sanctioned plan under the municipal corporation and has a MahaRERA number. Thane also has many older societies in redevelopment.

Tricity

General & Places

The urban area made up of Chandigarh (a Union Territory), Mohali (Punjab) and Panchkula (Haryana), together with fringe towns such as Zirakpur and Kharar. Each part has different authorities and rules.

Example & agent tip

Example: A buyer comparing flats in Panchkula and Mohali is dealing with two states, two RERA authorities and different stamp duty.

Agent tip: Always state the state and authority when you quote a Tricity property.

U

2 terms

Unit

General & Places

In a project, a single apartment, shop, office or plot offered for sale to an allottee.

Example & agent tip

Example: Unit 1204 in Tower B is a 3 BHK apartment.

Agent tip: Always write the unit number, tower and floor in your notes.

Related: Apartment Allotment Letter

V

3 terms

Vastu Shastra

General & Places

A traditional Indian system of design and orientation for homes and buildings. It is not a legal requirement, but many buyers ask whether a property is vastu-compliant.

Example & agent tip

Example: A buyer prefers an east-facing flat for vastu reasons and asks the agent to shortlist such units.

Agent tip: Treat it as a buyer preference. Do not make claims about results.

Related: Floor Plan Plot

Veedu

General & Places

Also called: வீடு, Thani Veedu

The Tamil word for house or home. Listings in Tamil Nadu use it for independent houses, as in "thani veedu", and it is often paired with plot terms such as manai.

Example & agent tip

Example: A buyer in Madurai asks about a thani veedu with a separate meter and a free-standing plan.

Agent tip: Confirm that the title covers both land and building, and check the electricity and tax connections.

Visakhapatnam

General & Places

Also called: Vizag

A port city on the coast of Andhra Pradesh with a steel plant, shipyards and IT activity. Its property market includes apartments along the beach road and growth areas such as Madhurawada and Anandapuram.

Example & agent tip

Example: A retired couple look at an apartment in Madhurawada for sea breeze and nearby hospitals.

Agent tip: Coastal and hill-slope areas can have regulation limits, so check coastal and building rules.

W

3 terms

Wada

General & Places

A traditional fortified or large courtyard house of Maharashtra, usually made of wood and stone, built around an open yard. Many have several co-owners or tenants, and redevelopment can be complex.

Example & agent tip

Example: An investor eyes an old wada in Pune's peth area but finds twelve co-owners and sitting tenants.

Agent tip: Check all co-owners and tenancy rights before discussing redevelopment.

Wakad

General & Places

A Pune suburb near Hinjewadi and the Mumbai-Pune highway, with a large number of apartment projects and shops. Many residents work in nearby IT offices, so rental demand is a common topic.

Example & agent tip

Example: A broker shows a Wakad 2 BHK to a couple who work at the Hinjewadi park and sit in traffic daily.

Agent tip: Check the actual road width and the nearest school before choosing between projects in a built-up area.

Whitefield

General & Places

An eastern Bengaluru area known for the International Tech Park, IT offices and many gated apartment communities. Metro extension and road access are regular topics for residents there.

Example & agent tip

Example: A tech worker living in Koramangala considers moving to Whitefield and tests the commute at peak hour.

Agent tip: Check the khata type and the Greater Bengaluru Authority (formerly BBMP) or BDA approvals for each property, as Bengaluru has many layout variations.

Y

1 terms

Yamuna Expressway

General & Places

A long access-controlled expressway from Greater Noida towards Agra, whose surrounding land is managed by the Yamuna Expressway Industrial Development Authority (YEIDA). It is associated with plotted schemes, institutional sites and the airport-led development near Jewar.

Example & agent tip

Example: An investor in Meerut considers a YEIDA residential plot and checks the authority's allotment rules before paying.

Agent tip: YEIDA plots are allotted under the authority's own schemes, so rules on transfer and construction deadlines are scheme-specific. Read the brochure terms and lease conditions.

Z

1 terms

Zirakpur

General & Places

A town in Mohali district, Punjab, on the highways towards Delhi/Ambala, Patiala and Shimla, next to Chandigarh and Panchkula. It has a large number of apartment projects and plotted colonies.

Example & agent tip

Example: A buyer looks at a 2 BHK in a Zirakpur gated project.

Agent tip: Check the project's RERA registration and the layout approval, since the town has many projects.

Related: Tricity GMADA RERA Punjab