SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Property Dictionary

Zoning

19 Jan 2024

Zoning is a type of planning control tool used to regulate the use of land in a particular area. It is used when creating Development Plans for a region. This tool allows authorities to stimulate or slow down development in specific areas, regulate property markets and ensure complementary use of land. It also helps in defining density by way of FSI / FAR. Each state may have its own method of zoning.

Agricultural Land

18 Jan 2024

Agricultural land is land that is used for the purpose of agriculture which includes the cultivation of crops, fruits, vegetables, grass, trees, horticulture, poultry farming, breeding of livestock, breeding of fish, bee keeping, etc. It also includes land used for any purpose which is ancillary to its cultivation, e.g. land used for grazing cattle.

Appreciation

17 Jan 2024

Appreciation refers to an increase in the value of an asset over time, such as a stock, bond, currency, or real estate. For example, the term capital appreciation refers to an increase in the value of a property which can occur for several reasons including increasing demand or weakening supply, or as a result of changes in inflation or interest rates. Appreciation is the opposite of depreciation, which refers to a decrease in value of an asset over time.

Force Majeure

16 Jan 2024

Force majeure is a French term that literally means “greater force.” It is related to the concept of an act of God; an event for which no party can be held accountable. A builder usually includes this clause in the sale agreement to give each party more time to fulfil any obligation in case such an event occurs.

Escrow

15 Jan 2024

Escrow is a legal concept describing a financial agreement whereby an asset or money is held by a third party on behalf of two other parties that are in the process of completing a transaction.

Landlord

12 Jan 2024

The term landlord refers to a property owner who rents or leases that property to another party in exchange for a monetary compensation.

Development Plans

11 Jan 2024

Under the provisions of section 21 to 31 of the Maharashtra Regional and Town Planning Act, 1966, local governing bodies must prepare a draft development plan showing the proposed land use and public facilities as per future population for areas covered under their jurisdiction. These plans are then approved by the Urban Development Department of the Government and referred to as Development Plans for the region.

Immoveable Property

10 Jan 2024

An asset that cannot be moved from one place to the other is considered to be an immoveable property. In India, real estate is considered to be an immoveable property.

Fair Market Value

09 Jan 2024

Fair Market Value or FMV refers to the price set for selling or purchasing an asset in the open market. Financial institutions like NBFCs and Government organisations use Fair Market Value while assessing the valuation of collateralised or taxed assets.

Homeowners Association

08 Jan 2024

A homeowners association (HOA) is an organization in a subdivision, planned community, or condominium building that makes and enforces rules for the properties and residents.