Real Estate Glossary

Buying a home involves dozens of unfamiliar terms. This glossary explains every important concept in plain language so you can make informed decisions.

Area & Measurement

CA

What is Carpet Area?

The actual usable floor area inside your apartment, excluding walls, balcony, and common areas. The most important measurement for homebuyers.

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SA

What is Super Area?

The total area including your apartment plus a proportional share of common areas like lobbies, staircases, and amenity spaces.

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LD

What is Loading in Real Estate?

The percentage difference between carpet area and super area. A 20% loading means 80% of the super area is usable space inside your apartment.

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FP

How to Read a Floor Plan

A practical guide to interpreting floor plan drawings — understanding scale, symbols, room dimensions, and what to look for before booking.

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Pricing & Costs

BSP

What is BSP (Basic Selling Price)?

The base price per square foot quoted by a developer, before additional charges like PLC, car parking, club membership, and taxes.

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SD

Stamp Duty & Registration Charges in UP

The government fees payable when registering a property in Uttar Pradesh. Current rates, exemptions, and how to calculate your total cost.

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GST

GST on Under-Construction Property

How Goods and Services Tax applies to under-construction apartments in India. Current rates, ITC impact, and what buyers actually pay.

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Regulatory & Legal

RE

What is RERA?

The Real Estate Regulation and Development Act — India's landmark law protecting homebuyers with mandatory registration, escrow accounts, and delivery timelines.

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OC

What is OC (Occupancy Certificate)?

The official certificate from the local authority confirming a building is safe to occupy. Why you should never move in without one.

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CC

What is CC (Completion Certificate)?

The certificate confirming a building has been constructed as per the approved plans and building codes. How it differs from OC.

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Organizations & Concepts

NB

What is NBCC?

National Buildings Construction Corporation — a Government of India Navratna enterprise with decades of construction experience and Supreme Court of India monitored credibility.

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AQ

What is AQI (Air Quality Index)?

The Air Quality Index measures pollutant concentration in the air. Understanding AQI is essential for homebuyers in the NCR region.

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