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Posted 11/07/2019

Terms to know before investing on Flats in Chandapura

Terms to know before investing on Flats in Chandapura

Over the last few decades, the real estate market in Bangalore has witnessed many transitions. This is true even in terminologies. Jargons replaced many local terms. A little understanding of these terms will help you in making perfect decision, whether you want to invest in Apartments/Flats for sale in chandapura

 

Each industry has its jargon and lingos, and real estate is no different. It is imperative you know what each of these represent before investing in 2     BHK Apartments/Flats for sale in Chandapura, Bangalore. Go for Best Builders who delivers as per approved plans. the best real estate developers in Bangalore is Subha Builders. If you are on the lookout for spacious 2 BHK apartments in Chandapura, Bangalore - Subha Essence is the best bet. The excellent location and best amenities truly set apart from the rest.

                        

Before going to invest in Apartments in Chandapura anekal, here are some of the commonly used terms that you should know

                           

RERA Act – The Real Estate Regulation and Development Act (RERA). It is the law formed to regulate the real estate sector. It maintains transparency and accountability. It  saves the home buyers & developers against fraud.

 

Carpet Area – The net usable floor area of the apartment. This does not include  the area covered by external walls, areas under service shafts, balcony and verandah area. 

 

Occupancy Certificate – It is a most important document that a buyer should be aware of. Builder should get the Occupancy certificate once project is completed, to certify that the project has been done as per the plans which are sanctioned  and it has infrastructure such as water, electricity and sanitation.   

 

Super Built-Up Area – The built up area which shares the common areas that are equally divided among all the flats in the building. The common area includes corridors, stairs, lobby etc

 

RERA Registration Number - A project is assigned with a number after it is registered with RERA Registration in the state. It is given to the projects once all necessary documents have been submitted to RERA Authority by the developer.   

 

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