We decode all the jargons of Real Estate to help you take well planned Real Estate decisions.

Joined June 2020
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Decoding Real Estate retweeted
29 Dec 2020
Just filed an eviction notice against a Residential Tenant. One of the worst experiences as a Landlord. - As she was facing financial crises during the lockdown, we mutually agreed to deduct the rent from the deposit for few months. (1)
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How to spot a Rental scam? Rental property listing scams typically try to steal money. They'll try to get you to transfer deposit or move in fee without even letting you see the property in person.
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How to spot one? - They won't meet in person - They will convince you to move immediately by sending pictures online - They ask you to first transfer the money - The price seems to be good.
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Why do people make wrong #realestate decisions and end up losing sleep and money..
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There is a race amongst the Developers to give the maximum number of amenities in a project, whereas only some amenities are of actual use and will also not be too heavy on pockets after you move in. #homebuyingproblems #homebuyers
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One of the main considerations when buying a home is to calculate how much it’ll cost to run.I may end up paying 10,000/- a month maintenance for the amenities I don't even have the time to use.Bad quality will require frequent repairs,More travel expenses for far away properties
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We invest 1 lakh in Stock market only after researching about the PE ratio,Debt equity ratio,past performance, ROI etc. But we blindly invest 80 lakhs in a property just because the builder offered a tempting discount..
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The IOD provides a clearance to the builder for construction after several checks from local authorities like Fire Clearance, Permission from Traffic and Coordination Department, Environmental Department, Sewerage Department ,Tree department etc are done. #realestate #invest
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We always get confused with Carpet , Built up and Super Built up Area.. Remember one should always ask for carpet area whenever one goes to see a property.Carpet area is the actual area you will be getting to use...
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Dear property owners. Don't forget to add the ' Force Majeure' clause in your rental agreements henceforth. You can mutually decide with the tenant whether the rent will be waived off or no rent waiver will be accepted in case of future lockdown. #rentalhome #property #rent
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FSI or Floor Space Index means the maximum area of construction allowed on a particular plot as per the Development Control Rules.For example, on a 10,000 sqft plot which has an FSI of 2, you may construct a building with up to a maximum of 20,000 sqft of area, and no more
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Do builders confuse you with such terms when you are house hunting? Keep following @DecodingRealEst to understand the meaning of these and other such terms which will help you to take informed decisions while you purchase real estate... #property #realestate #realestateexpert
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