Property Glossary

Below, is a comprehensive list of Real Estate terms, which will be updated regularly. Readers are encouraged to become familiar with the terminologies used in context of Real Estate Transactions.

Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a Bank at a specified date each month. Equated monthly installments are used to pay off both interest and principal each month, so that over a specified number of years, the loan is fully paid off.


A situation in real estate where a property owner violates the property rights of his neighbor or the public land by building something or by allowing something to overhang onto the neighbor’s property.


A claim against a property by another party. Encumbrance usually affects the transferability of the property and can restrict its free use until the encumbrance is removed. The most common instances of an encumbrance occurs in real estate such as an outstanding loans, unpaid property taxes or easements.


A certificate issued by the Sub-Registrar’s office after due verification of the relevant documents certifying that the property in question is free from all encumbrances such as loans, leases, easements or restrictions.