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.
A property, which has received all necessary approvals from authorities, raised funds from private investors or financial institutions, appointed the construction contractor and is currently under construction. From investment perspective, such properties are less risky than properties, which are at development stage and have not received all approvals and more risky than ready to move properties.
An asset or property that is free and clear of any encumbrances such as creditor claims or liens.
The private or public service facilities such as gas, electricity, telephone, water, and sewer that are provided as part of the development of the land.