Real Estate Jargons to Know Before Investing
Over the last few decades, India's real estate market has undergone a dramatic transformation. Even terminologies are affected by this trend. Standardized jargons are gradually replacing many local terms. These terms can help you make an informed decision whether you're looking to invest in 3, 4Bhk Flats luxury flats in Ahmadabad . These terms are most frequently used to understand real estate terminology before you begin looking at potential deals RERA Act:- The Real Estate Regulation and Development Act 2016 was established to regulate the real estate sector. It became effective 1 May 2017. It promotes transparency and accountability in the real-estate industry. It provides clear guidelines to protect homebuyers and developers from default and facilitates grievance resolution. Carpet Area: -The total area that an apartment's carpet covers is the net floor area. This excludes areas that are covered by exterior walls, service shafts or exclusive balconies or verandahs.