10 Real Estate Terms You Must Know Before Investing



10 Real Estate Terms You Must Know Before Investing


The real estate market can be complicated for novice investors, so it is wise to become familiar with commonly used terminologies. The following ten terms are essential for you to understand before investing in real estate:

1. Return on Investment (ROI) - This indicates an investment's profitability. The profitability of an investment is calculated by dividing the net profit by the entire cost of the venture.

2. Appreciation - This refers to a property's value over time—location, demand, and the physical and social infrastructure all impact appreciation.

3. Sale Agreement - The property's seller and purchaser sign this contract. This document typically includes the property's payment schedule and completion date.

4. Sale Deed - This legally binding document, which is required, transfers ownership of the property in exchange for a fee. A sale deed attests to property ownership.

5. Carpet Area - According to RERA, the carpet area in a property is the net useable area. This is the home area where a carpet can be placed. The places sheltered by walls, balconies, etc., are excluded from this.

6. Built-up Area - The total area of the residential unit is referred to by this phrase. The carpet area, wall thickness, and balcony area are all included in the built-up space.

7. Stamp Duty - This refers to the legal costs of filing documents required by law as part of a property sale.

8. Loan Agreement - A written agreement outlining the terms and conditions of repayment between a lender and a loan borrower.

9. Down payment - This is the amount of money a buyer must pay upfront in a real estate deal.

10. Collateral refers to items that are offered as security for a loan that is obtained.


Prestige Serenity Shores



Prestige Serenity Shores


Prestige Serenity Shores is a pre-launch residence by the Prestige Group. A modern residential complex called Prestige Serenity Shores is a component of the Prestige Lakeside Habitat on Whitefield Varthur Road. The homes are on 102 acres and have top-notch amenities and services. They also adhere to Vaastu principles and are well-ventilated and well-lit. The units range in size from 905 square feet to 2882 square feet. Luxury apartments have 1, 2, 3, and 4 bedrooms.

Whitefield is one of Bangalore's thriving real estate neighbourhoods with first-rate infrastructure. The project is close to major business parks, retail stores, and educational institutions. The area has several business districts, including IPTL and EPIP Zone. Because it is close to famous MNCs like iGATE, TESCO, and SAP, the project is an excellent place to live.

A well-known name in Indian real estate development is The Prestige Group, which has a corporate office in Bangalore. The company, a DA1 CRISIL-certified builder, provides top-notch solutions for residential, commercial, and retail needs. The business is well known for producing residential goods such as villa homes, lavish apartments, studios, and plots.

The Prestige City



The Prestige City


The Prestige Group in Bangalore is developing the futuristic residential development known as The Prestige City, located off Sarjapur Road. On 180 acres, this cutting-edge city is made up of apartments, villas, and plots. A renowned architect designed the smart city, which was reviewed in the best pricing range and is located in a prime location. In Bangalore's Sarjapur Road, Prestige City is a gated neighborhood project with 12 million square feet of construction. 7000 1, 2, and 3 BHK apartments make up this township. The project also houses 808 plots and 140 villas. Elegant villas are located on 20.3 acres, and on 50 acres are superbly designed residential structures.

Prestige Waterford



Prestige Waterford


Prestige Waterford is another venture of the Prestige group. The goal of the futuristically designed Prestige Waterford project is to provide a modern home for someone who desires a high-class lifestyle. Prestige Waterford, which is located east of Bangalore Whitefield, consists of 689 roomy, well-built 3 and 4 BHK apartments spread across a massive 16 acres of land in 7 gorgeous buildings. Apartments with three bedrooms start at Rs. 1.42 crores. Numerous advantages come with this Prestige Group apartment development, including a prime location, a pleasant and comfortable lifestyle, first-rate amenities, a secure environment, and high potential. A luxurious pre-launch property called Prestige Waterford is perfectly constructed on ECC Road in the center of Whitefield in East Bangalore. The Prestige complex incorporates a tasteful and well-planned layout of superbly useful landscapes and surroundings.

Prestige Jindal City



Prestige Jindal City


The Prestige Group is currently developing the futuristic project Prestige Jindal City. It provides 1, 2, 3, and 4 BHK flats and is located on a 32-acre plot of land off Tumkur Road in Bangalore. A residential wonder called Jindal City would provide 3571 dwelling units. The building is on Tumkur Road. The metro station is right close to the most celebrated project, Prestige Jindal, which connects all areas of the city. One of Bangalore's most popular apartment complexes, according to prominent real estate firms, is the best project in West Bangalore. In Prestige Jindal City, there are four different types of apartments offered. 1 BHK, 2 BHK, 3 BHK, and 4 BHK are the four different varieties. 3,571 smartly designed residences are available in various sizes.

Prestige Primrose Hills



Prestige Primrose Hills


An elegantly situated apartment complex by the name of Prestige Primrose Hills is now under construction on Kanakapura Road in South Bangalore. It provides 1680 units of 1 and 2 BHK homes over a 15-acre area. Fifteen buildings, each with 14 stories and 1 and 2 BHK, make up the complex. A 1 BHK Apartment is priced at Rs. 35.45 Lakhs. The well-known builder from South India has now entered Bangalore's market for affordable housing with this modest apartment. This property, which covers a sizable 15.93 acres of land, aims to redefine the phrase "home dear home." In Prestige Primrose Hills, you may select from one or two-bedroom houses that are surrounded by verdant vegetation and a tranquil setting. This new launch project, which spans 15 towers, was masterminded by Venkatraman Associates. In this gated community, there are floor designs with 1 and 2 bedrooms available. Homes with one bedroom range in size from 572 to 589 square feet. Apartments with two bedrooms typically have 867 to 986 square feet. The best amenities have been provided by Prestige Group so that residents can live comfortably. One of the oldest and most well-known real estate developers in Bangalore is Prestige Group. For the residents of Bengaluru, it is credited with building some of the city's most beautiful landmarks.


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