GMADA & LAND POOLING
GMADA LOI: understand the right before the price.
A Letter of Intent is a stage in a scheme—not a promise of a ready home, automatic transfer or an assured investment return.
Read the guide ↗02START HERE
Your first property. A clearer first step.
A practical buying journey—from your requirement to possession and aftercare.
Read the guide ↗03SPACE & MEASUREMENT
Carpet, built-up or super area?
The number in the headline is not always the space you can use.
Read the guide ↗04RIGHTS & RESPONSIBILITIES
Know your rights under RERA.
Registration, payments, delays and defects—in plain language.
Read the guide ↗05GOVERNMENT & APPROVALS
Know which rules apply to your plot.
Near Chandigarh is not the same as within Chandigarh.
Read the guide ↗06DUE DILIGENCE
Documents before money.
A focused checklist for builder purchases and resale transactions.
Read the guide ↗07MONEY & FINANCING
The price beyond the price.
Understand the one-time charges, recurring costs and financial buffer.
Read the guide ↗08VISITS & POSSESSION
A site visit with a purpose.
Look beyond the sales lounge and sample apartment.
Read the guide ↗09COMMERCIAL & INDUSTRIAL
Buying for a business is different.
Match property rights and building services to the activity you intend.
Read the guide ↗10RESALE & TRANSFER
Buying a resale property.
From the seller’s documents to the final handover: make each step clear before you commit.
Read the guide ↗THE LANGUAGE OF PROPERTY
Less jargon.
More understanding.
BHK+
Bedrooms, hall and kitchen; it does not specify room sizes.
+1 / +S / utility+
An extra room or space. Ask whether it is a study, store, staff room or another use.
G+2 / S+3+
Ground plus two upper floors / stilt plus three floors. Check sanctioned use at each level.
BSP+
Base selling price, before separately listed extras.
PLC+
Preferential location charge. Obtain the reason, amount and calculation.
CLP+
Construction-linked payment plan. Read the exact milestones and any time-linked clauses.
Down-payment plan+
A larger early payment. Consider financing and delivery exposure.
Flexi plan+
A mixed schedule; the label alone does not explain your obligations.
EDC / IDC+
External/internal development charges. Ask the basis, issuer and whether included.
IFMS+
Interest-free maintenance security. Check custody, use and refund/transfer terms.
CAM+
Common-area maintenance charges and recurring obligations.
FAR / FSI+
Floor-area ratio/index: a planning control, not a promise of what your plot may build.
Setback+
Required separation from a boundary under the applicable approved plan/rules.
Ground coverage+
The footprint counted at ground level under the applicable rules.
CLU+
Change of land use; confirm whether it is needed and granted.
LOI+
Letter of intent. Read conditions; do not treat it as ownership.
Allotment letter+
Records an allotment and its terms; distinguish it from final conveyance.
Agreement for sale+
Contract setting the transaction terms, obligations and dates.
Sale / conveyance deed+
Instrument conveying specified rights. Review its scope and registration.
Mutation / intkal+
Record-update process following a change; not a standalone substitute for title review.
Jamabandi / khasra+
Land-record and parcel references. Match them to the property and documents.
Encumbrance+
A claim, charge or restriction affecting property.
Freehold / leasehold+
Different forms of tenure; read the rights, term, conditions and transfer rules.
CC / OC+
Completion/occupation certificates. Confirm issuer, scope, conditions and dates. Spell out CC because context can vary.
SCO+
Shop-cum-office. Clarify permitted use and whether sold as a plot, building or floor.
DSS+
Commonly double-storey shop; the authority’s actual allotment and zoning terms control.
Booth+
Small commercial unit/plot format governed by its approved design and use.
EOI+
Expression of interest. It is not proof of approvals or registration.
EMD+
Earnest-money deposit, often for auctions; auction conditions govern refund or forfeiture.
Registry+
Common shorthand for registration. Identify the exact instrument.
Ready to move+
Marketing shorthand. Check possession, services and applicable certificates.
Gross yield+
Annual rent divided by a clearly defined purchase cost, before expenses.
Net yield+
Income after operating costs divided by a clearly defined all-in investment.
CAGR+
Annualised start-to-end value change; ignores intermediate cash flows.
IRR / XIRR+
Return measures that consider the timing of cash flows; assumptions matter.
Liquidity+
Ability to sell at a workable price and within a workable time.
Introductory explanations, not universal legal definitions. Check the agreement and applicable rules for your transaction.

