Over the last few decades, the real estate market in India has witnessed a burgeoning transition. Many new terminologies have been added with more complex data making it difficult for a normal person to understand. Many local terms have slowly been replaced with standardized jargons. A simple understanding of these terms will help in making a more informed and wise decision, whether you are keen on investing in Property in andheri west.

Before going ahead with real-estate deals, here are some of the commonly used terms that one should know and understand:

RERA Act – The Real Estate Regulation and Development Act (RERA) 2016 effective from 1st May 2017, is the law created to regulate the real estate sector. It seeks to ensure transparency and accountability in the real estate sector. It sets up clear regulations to protect the home buyers & developers against default and provides for fast track grievance redressal. If you are planning to invest in New Projects in Andheri West, RERA Act can act as guideline for you and help you make right investment.

Carpet Area – Carpet Area is the net usable floor area of the apartment. This excludes the area covered by external walls, areas under service shafts, exclusive balcony or verandah area. However, this includes the area covered by the internal partition walls of the apartment. Property in andheri west can provide you apartments with different carpet area suh as 813, 1281, 1336, 2187. With these wide options you can now invest as per your requirement and need.

Occupancy Certificate – Upon the completion of a project, it is Vital for the builder to obtain the Occupancy Certificate, certifying that the project has been completed as per the sanctioned plans and is suitable for habitation and the building has provision for civic infrastructure such as water, sanitation and electricity. It is issued by the local authorities notifying that they have provided complete clearance for occupancy and is an essential document that a home buyer buying a 2 bhk flat in andheri west or a 3 bhk flat in andheri west must be aware of.

Super Built-Up Area – Besides the area occupied by individual flats, a building also features common areas such as life shafts, corridors, stairs, lobby, etc. Super Built-Up Area comprises of the built-up area along with a share of the common areas that have been proportionally divided among all the flats within the building. Before investing in any property you should all the amenities provided by the New Projects in Andheri West.

RERA Registration Number - A RERA Registration Number is assigned to a project after its registration with the RERA authority in the state. It is granted to projects once all required documents have been submitted by the developer and validated by the RERA authority. It indicates that a project is being developed in compliance with RERA and its authority. Property in andheri west works under the RERA guidelines and is also registered under RERA Act.

Each industry has its slang and lingos, and real estate is no different. It is essential you know what each of these represent before investing in a residential property. Go for a reputed builder who conforms you to property norms and delivers a product as per approved plans.