10 Real Estate Terms that are Confusing

An attempt to simply the most common real estate terms that we come across in real estate deals...

1) FSI: Total covered area on a plot divided by area of the plot.

2) Carpet Area: Area enclosed within the walls i.e liveable area..

3) Built Up Area: Carpet Area plus Area of Walls & Ducts plus half the area of the terrace.

4) Super Built Up Area: Built up area plus Area covered by common amenities like lift, corridors, club house, stairs.

5) Loading: Difference between built up area and carpet area.

6) Stamp Duty: Tax that you pay to the government when you buy a property.

7) Registration Fees: Processing fees for the registration of the property sale document that the government charges.

8) Freehold: Exclusive right to hold a piece of land for indefinite period of time.

9) Leasehold: Right to possess a property for fixed tenure.

10) Stilt Parking: Parking area with roof on top.

(The blog writer/compiler is a Management Professional and operates a Manpower & Property Consultancy Firm. 

Besides, he is -

1) President of "Consumer Justice Council", 

2) Secretary of "SARATHI",  

3) Member of "Jan Manch",  

4) Holds "Palakatva of NMC", 

5) Para Legal Volunteer, District Court,  

6) RTI Activist, 

7) Core Committee Member of Save Bharat  

     Van Movement & Paryavaran Prerna        

     "Vidarbha", 

8) Member of ACG, Nagpur Police, 

9) Member of Family Welfare Committee

    formed under the directions of Hon.     

    Supreme Court.

Twitter: @amitgheda.