Planning to buy a new home? You should know these terms and jargons

Buying property is a massive financial decision. Here are key terms you must know if you plan to buy a home

Buying property is a massive financial decision. So, to be able to make an informed choice, it is a good idea for homebuyers to get familiar with property jargon.

Here we explain key terms you must know if you plan to buy a home.

Carpet area is the actual habitable area measured from the inner faces of walls, including the balconies. It is now mandatory for developers to disclose the carpet area of all units in brochures and websites.

Built-up area refers to the total area of a flat – the carpet area, the space covered by the thickness of the walls and