7 terms with concise definitions
The net usable floor area of an apartment within the walls, excluding the area occupied by walls, balcony, and common areas.
A secured loan provided by banks and housing finance companies (HFCs) to finance the purchase, construction, or renovation of a residential property.
A fee paid to the state government for registering a property transaction, typically 1% of the property value, in addition to stamp duty.
The annual rental income from a property as a percentage of its market value or acquisition cost, used to evaluate property investment returns.
Real Estate (Regulation and Development) Act, 2016 — a central law that regulates the real-estate sector and protects home-buyers' interests.
Income Tax provision allowing a deduction of up to ₹2 lakh per year on interest paid on a self-occupied home loan.
A state-level tax paid on the value of a property at the time of purchase or transfer, levied under the Indian Stamp Act, 1899.
