GLOSSARY TERMS

REAL ESTAE
 •Most executors of infrastructure development programmers and builders of real estate, i.e. the construction companies in India, are
under the umbrella of the over-seven-decades-old Builders' Associa-tion of India (BAI).
BUILDER •BAI was founded in 1941 under the guidance and blessings of Brig. C.V.S. Jackson of Military Engineering Services, 'Poona', now
known as 'Pune', who suggested that builders working under his command, form a body for finding solutions to various problems.
ASSOCIATION
OF INDIA)

•Failure to make payments on time or comply with other requirements of the agreement.

•It happens when borrowers miss payments, fail to make payments on time, or stop making payments altogether.
Default

•REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property
sectors.

•These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade on major stock
REIT exchanges, and they offer a number of benefits to investors.

• The part of the purchase price of a property that the buyer pays in cash and does not finance with a loan.

• A down payment is primarily used for real estate purchases, where homebuyers pay 5%-20% of the total value of the
purchase price.  The balance is covered by the bank, or any financial institution, in the form of a mortgage. A down
Down Payment payment is also common in car purchases
 •Real estate is defined as the land and any permanent structures, like a home, or improvements attached to the land, whether natural or man-made.

•Real estate is a form of real property. It differs from personal property, which is not permanently attached to the land, such as vehicles, boats,
jewelry, furniture, and farm equipment
REAL ESTATE

• A mortgage is a type of loan used to purchase or maintain a home, land, or other types of real estate. 

• The borrower agrees to pay the lender over time, typically in a series of regular payments that are divided into principal and 
MORTGAGE interest. The property then serves as collateral to secure the loan.

• The appraisal is an independent survey conducted by a lender to determine a property’s value, based on its condition and
comparable listings.

• Real estate appraisal, property valuation or land valuation is the process of developing an opinion of value for 
Appraisal real property (usually market value).

• It refers to the measurement of the net profit of an investment property, relative to its total cost. A high ROI indicates favourable
yields for the investor.
• It is the ratio of the profits to the costs of an investment. ROI measures how much money is made on investment as a
percentage of the investment’s cost. Investors use this to evaluate the profitability of an investment.
ROI
 • A property marketed in “as is” condition usually indicates that the seller is unwilling to perform most if not all
repairs. It could also mean that it is priced “as is”, which is typically lower than market pricing in the area.
• An as-is property is one that’s listed for sale in its current state, meaning that any issues or problems with the
“as is” home will not be addressed by the seller.

• A probate sale happens when a homeowner dies without writing a will or leaving a property to someone. In such
situations, the probate court would authorize an estate attorney, or other representative, to hire a real estate agent to
Probate sell the home.
Sale

• Real estate staging is a process through which the home is prepared for sale. 

• The main point of home staging is to make a home more appealing for the real estate buyer to showcase the property
Staging potential.

A unit of area equivalent to 43,560 square feet or 4,047 square meters

approximately. It is a commonly used term for larger land parcels in India.
ACRE