224+ property terms explained — national RERA terminology, regional land records (Fard, Jamabandi, 7/12, Patta), property documents, financial terms, and state-specific real estate vocabulary.
Official order converting agricultural land to non-agricultural use — required before residential or commercial development on agricultural land. Must be obtained from state government.
Financial institution providing home loans alongside banks — e.g. HDFC, LIC Housing, Bajaj Housing Finance. Regulated by RBI. Many buyers use NBFCs for home loans.
Document from a relevant authority confirming no objection to a proposed action — e.g. NOC from society for resale, NOC from lender for property sale, NOC from RERA authority.
Certificate from developer/society confirming buyer has paid all outstanding dues — maintenance, electricity, parking, club charges. Essential document for resale transactions.
Indian citizen residing outside India. Special rules apply for NRI property purchase — FEMA, TDS (20% or more), bank account types, POA requirements, and repatriation norms.
National Consumer Disputes Redressal Commission. Pre-RERA, many homebuyers approached NCDRC against developers. Under RERA, the RERA authority is the primary forum for real estate disputes.
The actual usable area of a property — carpet area minus columns/pillars within the unit. More precise than carpet area; important for assessing actual livability.
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