PROPGUIDE − A Complete Property Guide
#happyhome

Real Estate Glossary

a

Sorry! We don't
have any glossary for this alphabet.

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 instalment 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.

Here is the day's top news stories from the real estate sector.

Stamp duty is a tax you pay to your state to buy a property. Franking, on the other hand, is the...

To save up on the cost, buyers often involve in lowering the value of property when they go for...

Since the Delhi government is all set to start the process of extending Lal Dora areas in all its...

The Delhi Metro’s Green Line was further extended to Haryana on June 24 after Prime Minister...

The Delhi Development Authority, which was to launch the Housing Scheme 2018 in June, has now...

Stamp duty is a tax you pay to your state to buy a property. Franking, on the other hand, is the...

Real estate developers who expected the Noida District Administration to lower circle rates were...

Subscribe Now

To stay tuned with real estate updates

Pick:

x +

Drop Your Query Here