Real Estate Glossary
Plain-language definitions for general property terms plus specialised Noida, Greater Noida and YEIDA authority terminology — 144 terms and counting.
This glossary is provided for general informational purposes only and is not legal, financial or tax advice. Authority policies, charges and procedures change over time — always verify current requirements with the relevant authority or a qualified professional before relying on any definition here.
A
A large unit of land measurement equal to 43,560 square feet.
An agreement that records the intention and terms for granting lease rights before or in connection with a formal lease arrangement.
The process through which an authority or developer allocates a property to an eligible applicant.
An official document confirming that a property or plot has been allotted.
The rate at which land or property was originally allotted under an authority scheme.
The rights associated with a property allotted to an allottee under applicable authority terms.
A person or entity to whom a property or plot has been allotted.
The combining of two or more plots into a single property unit where permitted.
Outstanding payments or liabilities payable to the relevant development authority.
A formal policy, regulation or administrative framework issued by a development authority.
A property or plot whose land rights originate from an allotment by a development authority.
The resale of rights in a property originally allotted or governed by a development authority.
A property allotment, auction or development scheme launched by a development authority.
B
A traditional unit of land measurement whose size varies by region.
A traditional land measurement used in parts of North India and generally associated with a fraction of a Bigha.
The base price of a property before applicable additional charges and taxes.
A person or company involved in constructing or developing real estate projects.
The area covered by construction, generally measured according to the applicable definition.
C
The cancellation of an authority's allotment of a property or plot under applicable conditions.
Use of a property primarily for the allottee's own approved business or operational requirements.
The usable floor area of a property as defined under applicable regulations.
A certificate associated with the completion of construction according to applicable approvals.
A change in the legal or structural constitution of an entity holding property rights.
A change in the ownership percentage of shareholders in a company holding an authority-allotted property.
A change in the directors of a company associated with an authority allotment.
A change in the approved or permitted use of a property or land parcel.
Property intended or approved for commercial activities.
A company or corporate entity to which a property or plot has been allotted.
A certificate associated with the completion of construction according to approved requirements.
A plot located at the intersection of two roads or along multiple road-facing boundaries.
A plot intended for approved corporate office development or use.
The portion of a plot occupied by the building footprint or covered construction.
D
A document demanding payment of an amount payable in relation to a property or authority process.
A person or company responsible for planning, developing or managing a real estate project.
The process of reviewing relevant legal, financial and property-related information before a transaction.
E
Charges associated with external infrastructure and development costs where applicable.
Earnest Money Deposit, an amount deposited as part of an application or bidding process.
A regular payment made towards repayment of a loan.
A claim, charge or legal interest that may affect rights in a property.
Charges payable for extending a prescribed deadline related to development, construction or implementation.
F
The ratio that determines the maximum permissible total floor area relative to the plot area.
The first transfer or sale of a property interest from the original lessee or developer to an allottee or buyer.
A property ownership structure generally involving ownership rights without a fixed lease period.
A new allotment made directly through an authority scheme or process.
A planning ratio used to regulate the amount of construction permitted on a plot.
A certificate associated with an industrial or specified property's operational status.
An industrial or business unit that has commenced the required approved operations.
G
A commonly used property measurement equivalent to one square yard in everyday North Indian property usage.
The development authority responsible for planned development in Greater Noida.
The portion of a plot area that may be covered by the building footprint.
A tax applicable to certain goods and services transactions, including some property transactions.
H
I
Charges associated with internal infrastructure and development within a project or development area.
The period allowed to complete development or establish the required approved activity.
A plot intended or allotted for approved industrial activities.
Property intended or approved for industrial or manufacturing-related activities.
Property intended for approved institutional uses.
Information Technology and Information Technology-Enabled Services.
A plot intended for information technology or information technology-enabled services under applicable authority rules.
K
L
The permitted purpose for which a property or plot may be used.
The legal document that records the terms under which lease rights in a property are granted.
A periodic payment payable for a leasehold property according to applicable terms.
A property held under a lease for a specified period rather than through absolute freehold ownership.
The person or entity that holds property rights under a lease.
The person or authority that grants property rights under a lease.
The difference between a property's usable area and the larger area used for sale or allocation calculations.
Additional charges associated with specific location-related advantages of a property.
The ratio between the amount of a loan and the value of the property securing it.
M
A traditional unit of land measurement commonly used in parts of North India and Pakistan.
The creation of a security interest in a property to secure a loan or financial obligation.
The process of updating relevant records after a change in property rights or ownership.
A document associated with the change or update of a name in relevant property records.
N
A document confirming that specified outstanding payments or dues have been cleared.
A document stating that the issuing authority or organization has no objection to a specified matter.
The development authority responsible for planned development in the Noida area.
A commonly used term for the connected Noida, Greater Noida and Yamuna Expressway/YEIDA real estate markets.
O
A certificate indicating that a completed building may be occupied subject to applicable approvals and regulations.
A certificate associated with permission to occupy a completed building.
A lump-sum lease rent payment option available under applicable authority rules or schemes.
The person or entity that received the original allotment of a property or plot.
P
A property that faces or overlooks a park or designated green area.
The cancellation of rights in a specified portion of an allotment where applicable.
The surrender of rights in part of an allotted property or area where permitted under applicable rules.
Additional interest charged on delayed payments or defaults under applicable authority conditions.
The actual physical handover of a plot, property or premises.
Additional charges associated with a property's preferred location or positioning.
The total land area of a specific plot.
The process of bringing a property situation or development into compliance where an applicable regularization mechanism exists.
The formal handover of physical control or occupancy rights in a property.
A document associated with the formal handover of possession of a property or plot.
Additional charges applicable to properties with specific preferred location characteristics.
The principal amount payable for a property or plot under an authority allotment or scheme.
A fee payable for processing an application or request.
A person or entity responsible for developing or promoting a real estate project.
Permission to Mortgage, commonly used in authority property transactions.
R
A planned real estate development involving one or more properties or units.
Charges payable for the registration of applicable property documents.
The commonly used term for registration of a property-related document with the appropriate registration authority.
The Real Estate (Regulation and Development) Act and the regulatory framework established under it.
A property being sold by an existing owner or rights holder rather than directly through its first allotment or developer sale.
The minimum price determined for a property or plot in an applicable auction or allotment process.
A plot intended or allotted primarily for residential construction.
Property intended or approved primarily for residential use.
Charges that may be payable when seeking restoration of a cancelled or affected allotment.
The restoration of an allotment that was previously cancelled, subject to applicable rules.
The process through which an authority takes back possession or control of property rights under applicable conditions.
A plot with frontage or direct orientation towards a road.
S
The area used by a developer or seller for property pricing and sale calculations.
The electrical load officially approved for a property or connection.
A building or development plan approved by the relevant authority.
An official document describing the terms and conditions of an authority allotment scheme.
A rate associated with land or property in a particular sector under applicable authority policies or calculations.
The required open space between a building and the boundaries of a plot.
A unit of area equal to a square measuring one foot on each side.
A metric unit of area equal to a square measuring one meter on each side.
A unit of area equal to a square measuring one yard on each side.
A government levy payable on certain property and legal documents.
The division of a larger plot into smaller plots where permitted under applicable rules.
An arrangement through which a lessee grants certain property rights to another person or entity.
A person or entity that receives lease-related rights from an existing lessee under an approved arrangement.
A later transfer or resale after the first transfer of property rights.
A property area measurement that may include a proportionate share of certain common areas.
An additional lease document used to modify or record changes to an existing lease arrangement.
The voluntary surrender of rights in an allotted property or plot to the relevant authority.
T
The process of examining property ownership and related legal rights.
A commonly used abbreviation for Transfer Memorandum.
The total premium amount payable for a plot or property under the applicable allotment terms.
The process through which rights or interests in a property are transferred from one party to another.
Charges that may be payable to the relevant authority when property rights are transferred.
A legal document used to formally record the transfer of applicable property rights.
An authority-issued document associated with the approved transfer of property rights.
The transfer of rights associated with an authority-allotted property from one party to another.
Approval or permission required before transferring rights in certain authority properties.
The person or entity receiving property rights through a transfer.
The person or entity transferring property rights to another party.
A three-party sub-lease arrangement involving the authority, lessee and sub-lessee.