Word Real Estate sounds very big to a few people. Where in fact it is not. Many people search for good 3 BHK flats in prominent cities, like, Zirkpur, but do not know the basic terms used by the builders. This blog purpose to tell you the basic terminologies of real estate and its definition.
Asking Price: the price mentioned on the property or builder’s website is sometimes is just asking price, which means, there are going to be extra charges to be paid, like, registration, MSEP, etc. Selling Price: Whenever, you contact the person who will show you the apartment, ask him in advance that whether the price mentioned on the website is asking or selling. 1 RK: 1 RK homes means 1 room and kitchen, they are sometimes called as studio apartment as well, and common between college students and bachelors. 1/2/3/4 BHK: BHK means bedroom, hall, and kitchen. If someone says, 1 BHK, that would mean, 1 room, hall and kitchen. Similarly, for 2, it would mean 2 Bedroom, 1 hall and 1 kitchen. Penthouse: a penthouse is a construction built on the terrace of any building. It is sometimes for the commercial purpose, builder’s personal requirement, or for sale. Pre-approval letter: when you make up your mind which property to buy. The builder will suggest you to get pre-approval/mortgage letter from the bank that will give you the loan. A bank’s pre-approval letter stats that you are eligible for the requested loan. Introducing 3 BHK flats in Chandigarh Escon Arena brings 3 BHK flats in Zirakpur, near Chandigarh at affordable rates. The flat are super luxurious, and the building premises has all the basic amenities. Zirakpur is the most promising town in India to invest your money.
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