π **Donβt Let Real Estate Lingo Confuse You**
Buying your dream home already feels like a big step β and the last thing you need is confusing jargon getting in the way.
Here are **6 essential terms** every buyer should know before signing that dotted line:
ποΈ **RERA** β The government body that safeguards homebuyers. ποΈ **CLP (Construction Linked Plan)** β Pay in parts as construction progresses. π **Subvention Plan** β Bank pays EMI till possession (now rare, but worth knowing). π **OC (Occupancy Certificate)** β Proof that the building is legally ready for living. π¦ **Time-Linked Plan** β Payments scheduled on time, not construction milestones. π° **Escrow Account** β Ensures your money stays protected from misuse.
π§ The more you understand these terms, the smarter your real estate choices become.