- BHK
- Bedroom, Hall, Kitchen. A 2 BHK has two bedrooms, a living room and a kitchen.
- Carpet area
- The usable floor area inside your walls. Builders must state it under RERA.
- Saleable area
- Carpet area plus a share of walls, balconies, lobbies and lifts. Prices are usually quoted on this.
- Price per Sq.Ft.
- The home price divided by its saleable area. Use it to compare projects fairly.
- RERA
- The state property regulator. A registered project must publish its plans, approvals and handover date.
- Pre-launch or EOI
- Booking your interest before RERA registration, usually with a refundable amount, to get early prices.
- Occupancy certificate (OC)
- The approval that a finished building is safe to live in. Ask for it before buying a ready home.
- Rental yield
- Yearly rent as a share of the home price. ₹30,000 a month on a ₹1 Cr flat is a 3.6% yield.
- EMI
- Your fixed monthly home loan payment, covering interest and part of the loan.
- Stamp duty
- A state tax you pay when you register the home in your name.