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An asset that cannot be moved from one place to the other is considered to be an immoveable property. In India, real estate is considered to be an immoveable property.
Fair Market Value or FMV refers to the price set for selling or purchasing an asset in the open market. Financial institutions like NBFCs and Government organisations use Fair Market Value while assessing the valuation of collateralised or taxed assets.
A homeowners association (HOA) is an organization in a subdivision, planned community, or condominium building that makes and enforces rules for the properties and residents.
Global Capability Centres (GCCs), also known as global in-house centres or captives (GICs), are offshore centres established by firms to provide various services to their parent organisations. These centres operate as internal organisations within the global corporate structure, providing specialised capabilities such as IT services, research and development, customer support, and other business tasks. GCCs and GICs are critical in leveraging cost efficiencies, accessing talent pools, and encouraging collaboration between parent businesses and their offshore affiliates.
Global Capability Centres (GCCs), also known as global in-house centres or captives (GICs), are offshore centres established by firms to provide various services to their parent organisations. These centres operate as internal organisations within the global corporate structure, providing specialised capabilities such as IT services, research and development, customer support, and other business tasks. GCCs and GICs are critical in leveraging cost efficiencies, accessing talent pools, and encouraging collaboration between parent businesses and their offshore affiliates.
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Foreclosure is a legal process that allows lenders to recover the amount owed on a defaulted loan by taking ownership of and selling the mortgaged property.
A condominium is an individually owned residential or commercial unit existing in a complex or building of units.
Eviction is the civil process wherein a landlord legally removes a tenant from their rental property. This usually occurs when the terms of the rental agreement have been breached or in other situations as permitted by law.
An Earnest Money Deposit, also known as good faith deposit, is a sum of money a buyer pays to the seller to express his genuine interest and commitment. It is usually made shortly after both parties are in agreement on the terms of sale.
A Construction-linked Plan (CLP) is a flexible payment method for under construction flats. The buyer initially pays a pre-determined down payment, after which all subsequent pre-determined payments are made in instalments that are linked to the progress of construction.
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