Top 10 Essential Real Estate Terms to Know Before You Invest 2025
It is crucial to know some top Essential Real Estate Terms Before You invest in 2025 to proceed with safe projects. Real estate is one of the major investment option. It is growing continuously due the government initiatives, urbanization and technical advancements.
Real estate has a major contribution to India's economic growth. The future of real estate is predicted to see a 15-16% surge in prime cities. But, it requires a well-informed decision to invest in the perfect property.
The top 10 Essential Real Estate Terms to Know Before You Invest in 2025 are mentioned below:
Return on investment is a factor that is used to measure the amount of profitability on investment in real estate. It is calculated as the percentage of net financial return relative to the total investment cost.
Property appreciation is the increase of property prices over some time. Appreciation of the property depends on the location, area’s developments, amenities and accessibility to other parts of the city.
The carpet area is the total usable area in the floor space. Usable space includes bedrooms, living rooms, kitchens, bathrooms, and internal staircases and excludes walls, balconies, and common areas. It is important to know that the carpet area comes up with almost 70-75 %. If there is more carpet area, the more usable space you have in the home.
The super buildup area is a total area including carpet area, walls, and other usable space within the unit. Knowing the super buildup area of the property helps buyers understand how spacious their living space will be.
The future growth of the property depends on the project's locality and upcoming and ongoing developments. The properties in well-developed localities always promise a high profit.
A sale deed confirms the transfer of property ownership. It's a record that proves the sale has taken place from the seller to the buyer.
During the property purchase, the down payment is the first payment made by the buyer. It is usually 10% of the property's total price.
The major approvals and documents of the property include
- RERA approval
- Approval from local authorities
- Title deed and sale deed
- Type of Khata (A, B and E Khata)
- NOC (No objection certificate)
- Completion Certificate
- Occupancy Certificate
The projects which have all the legal documents are safe to proceed.
Investing in a property can be simplified by the home loan process by managing the financial structure. It allows you to pay in monthly instalments. It's important to verify projects approved by reputable banks to proceed with a smoother loan process.
Reputed builders in the real estate sector are highly appreciated for their high-quality construction, timely delivery and sustainable projects. It also affects property price appreciation year over year.
Prestige Group Prelaunch Project is Prestige Falcon City Luxe.
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