Words we use
What does this word mean?
Property has many special words. Here is what each one means, in plain English.
- All-in price
- The full price of a home. It includes the base rate, every extra charge and GST. On this site, we quote the all-in price.
- Area
- A part of Hyderabad, such as Kokapet or Gachibowli. In property, people also call it a "corridor" or a "belt".
- Base rate
- The price for each square foot of a home, before other charges and GST are added.
- Crore
- One crore is 100 lakh, or ₹1,00,00,000.
- Developer
- The company that buys the land and builds the project. Some people say "builder".
- Exclusive mandate
- An agreement where the developer chooses only one team to sell a project. For Terrace 35, that team is House of Investors.
- Floor rise
- An extra charge for each square foot when a home is on a higher floor.
- GST (Goods and Services Tax)
- A tax that you pay on the price of a home under construction. Our all-in prices include it.
- HMDA
- The Hyderabad Metropolitan Development Authority. It plans and approves building in and around Hyderabad.
- HNI (high net-worth individual)
- A person or family with a large amount of wealth.
- Lakh
- One lakh is ₹1,00,000.
- Land Programme
- Our private programme for holding land. We check the land, prepare the documents and send you a report on it. You join by invitation.
- Link document
- An older document that shows how the land passed from one owner to the next. A missing link document is a common problem with land.
- NRI (non-resident Indian)
- An Indian who lives outside India, for example in Dubai, the US or Singapore.
- RERA
- The Real Estate (Regulation and Development) Act, 2016. Most new projects must register with the state RERA authority. In Telangana, this is TG-RERA. You can check a registration number on the TG-RERA website.
- Registration
- When a sale is recorded with the state government. Registration data shows the price that buyers really paid.
- Reserve price
- The lowest price at which a seller will sell at an auction.
- Resale
- When you sell a home that someone already owns, not a new home from the developer.
- Sq ft (square feet)
- How we measure the size of a home or a piece of land.
- TGIIC
- The Telangana Industrial Infrastructure Corporation. It is a state body that sells government land, often by auction.
- Title
- The legal proof of who owns a piece of land or a home. A clean title has no dispute.
- Unsold homes
- Homes that developers have built or launched but not yet sold. Many unsold homes in an area can slow down price growth.
- Wealth Desk
- Our advice team. You can call, send a WhatsApp message or fill in the form to reach it.
- Wealth Snapshot
- A free 90-second check on our website. It shows how much of your wealth is in property.
Still not clear?
Ask us. We are happy to explain.
No question is too small. A person from our team replies.