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.