If you have any questions related to property then please feel free to ask it. We will answer all question as soon as possible.
What is Commencement Certificate (CC)?
As per the RERA, 2016 "commencement certificate" means the commencement certificate or the building permit or the construction permit, by whatever name called issued by the competent authority to allow or permit the promoter to begin development works on an immovable property, as per the sanctioned plan.
What is Completion Certificate?
As per the RERA, 2016 "completion certificate" means the completion certificate, or such other certificate, by whatever name called, issued by the competent authority certifying that the real estate project has been developed according to the sanctioned plan, layout plan and specifications, as approved by the competent authority under the local laws.
What is Occupancy Certificate (OC)?
As per the RERA, 2016 "occupancy certificate" means the occupancy certificate, or such other certificate by whatever name called, issued by the competent authority permitting occupation of any building, as provided under local laws, which has provision for civic infrastructure such as water, sanitation and electricity.
What is Carpet Area?
As per the RERA, 2016 "carpet area" means the net usable floor area of an apartment, excluding the area covered by the external walls, areas under services shafts, exclusive balcony or verandah area and exclusive open terrace area, but includes the area covered by the internal partition walls of the apartment.
What is Built Up Area?
Built Up Area is an area which include Carpet Area and Wall Area. Basically built up area is 30% more than carpet area.
What is Super Built Up Area?
Super Built Up Area is an area which include Built Up Area & Common Areas. Basically built up area is 1.25x of built up area.
What is Construction Linked Payment (CLP)?
Payment method by which buyer or the bank, if home loan is taken, have to pay to developer as per construction milestones.
What is Possession Linked Payment (PLP)?
Payment method by which buyer or the bank, if home loan is taken, have to pay to developer only after the OC is received.
What is City Title Survey (CTS) number?
CTS number is reffered as Chain and Triangulation Survey Number in Mumbai Suburban area or Cadastral Survey Number in Mumbai division.