|February 10th, 2012, 11:25 PM||#1|
Real Estate Glossary
|February 13th, 2012, 02:31 AM||#2|
Please include Abbreviations:
RTM= Ready to move
DP= Down Payment
ROI= Return on Investments
CLP= Construction Linked Plan
UC= Under Construction
IRR= Internal Rate of Return
NCR= National Capital Region
DTCP= Directorate of Town and Country Planning
HUDA= Haryana Urban Development Authority
MCG= Municipal Corporation of Gurgaon
MCF= Municipal Corporation of Faridabad
NPR= Northern Peripheral Road
SPR= Southern Peripheral Road
EMI= Equated Monthly Installments
LOI= Letter of Intent
EC= Environmental Clearance
OC= Occupation Certificate
EDC= External Development Charges
IDC= Internal Development Charges
EWS= Economically Weaker Section Units
NPNL= No Profit No loss Plots
AI= All Inclusive
BSP= Basic Sale Price
PLC= Preferential Location Charges
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|February 13th, 2012, 06:54 PM||#3|
Thanks! Are there any more? We'll let a list compile here then I will ad them at the end of the week or something. I'm not sure that we will use City specific stuff but we might.
|February 13th, 2012, 07:03 PM||#4|
Real Estate Glossary - Good One
You can add more, Pls find the link below for your referene...
Real Estate 101
Must add :
Credit Note : A credit note or credit memorandum (memo) is a commercial document issued by a seller to a buyer
It is better to be blind than to see things from only one point of view
|June 14th, 2012, 04:17 PM||#5|
some additions are
FAR=floor area ratio
BHK =bed room hall kitchen
BBA= builder buyer agreement
GNDA=Gr. Noida Development Authority
SAS=Sahkari Awas Samiti
IBMS:Interest bearing maintenance Service
AMC-=Annual maintenance Contract
|July 14th, 2012, 06:27 PM||#6|
Some commonly used real estate terms
The increase in the value of a property due to changes in market conditions, inflation, or other causes.
Broker has several meanings in different situations. Most realtors are "agents" who work under a "broker ." Some agents are brokers as well, either working for themselves or another broker . In the mortgage industry, broker usually refers to a company or individual that does not lend the money for the loans themselves, but brokers loans to larger lenders or investors. As a normal definition, a broker is anyone who acts as an agent, bringing two parties together for any type of transaction and earns a fee for doing so.
In good faith and being authentic and without fraud or deceit.
The legal document conveying title to a property.
The part of the purchase price of a property that the buyer pays upfront and does not finance with a mortgage.
The ownership interest of an individual in real property . The sum total of all the real property and personal property owned by an individual at time of death.
Once you close your purchase transaction, you may have an escrow account or impound account with your lender. This means the amount you pay each month includes an amount above what would be required if you were only paying your principal and interest. The extra money is held in your impound account (escrow account) for the payment of items like property taxes and homeowner's insurance when they come due. The lender pays them with your money instead of you paying them yourself.
Liabilities include long-term and shortterm debt, as well as any other amounts that are owed to others.
Some commonly used real estate terms - The Economic Times
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