Ten confusing real estate terms simplified Allen Victor Research Analyst 99acres.com 9763 Updated: Apr 01, 2021 When entering into the real estate market to buy or sell, you may come across a ton of real estate jargons that may be hard for you to decipher. However, do not worry; here are the 10 real estate terms simplified to help you in your home buying journey. If you are planning to foray into the real estate market to make what is likely the biggest purchase or sale of your life, you will come across several terms, ranging from the obvious to the obscure. You could be an aspiring realtor, homebuyer or someone who is just interested to know about the real estate industry. To help you on your journey, we have decoded the 10 most confusing terms you may find yourself stuck with. FAR/FSI The Floor Space Index (FSI) or Floor Area Ratio (FAR) refers to the total built-up area of the building divided by the total area of the plot, which the building res...
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