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Real Estate Glossary

f

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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.

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