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.
Includes land, buildings, rights to ways, or any other benefit that arise out of land, and things attached to the earth or permanently fastened to anything which is attached to the earth.
Any physical changes that are done to enhance the capital value of land or buildings. These may include additional buildings, extensions to existing buildings, central heating and air conditioning and any infrastructure works.
A legal statute, which provides for the payment of stamp duty in case of all real estate transactions to the local government. This duty is paid by purchasing non judicial Indian Stamp Paper, on which the lease/sale agreements are documented.