Navi Mumbai Property Glossary
Plain-language definitions of 25+ real estate terms used in Navi Mumbai — carpet area, RERA, leave & licence, stamp duty, and more. No jargon.
Last updated: November 2026
1
1 RK
One Room Kitchen — a single room that serves as both living space and bedroom, with a separate kitchen. Smaller than a 1 BHK.
1 BHK
One Bedroom, Hall, Kitchen — a flat with one bedroom, a living/dining hall, and a kitchen. Usually has one bathroom.
2
2 BHK
Two Bedroom, Hall, Kitchen — a flat with two bedrooms, a hall, and a kitchen. The most common flat type in Navi Mumbai.
2.5 BHK
A 2 BHK with an extra small room — sometimes called a study, utility room, or pooja room. The extra room is smaller than a full bedroom and usually has no window.
Example: A 2.5 BHK in Sector 21, Ulwe may have two full bedrooms plus a 60–80 sq ft study room.
3
3 BHK
Three Bedroom, Hall, Kitchen — a flat with three bedrooms, a hall, and a kitchen. Suitable for larger families.
B
Built-up Area
Carpet area plus the area covered by walls and columns. Typically 10–15% more than carpet area.
Example: If carpet area is 650 sq ft, built-up area is usually around 720–750 sq ft.
Broker / Real Estate Agent
A licensed intermediary who helps buyers, sellers, and tenants find properties. In Maharashtra, brokers must be registered with MahaRERA.
C
Carpet Area
The actual usable floor area inside the walls of a flat — the area you can literally "carpet". It does not include the thickness of walls, balconies, or common areas.
Example: A 2 BHK in Ulwe with 650 sq ft carpet area means you get 650 sq ft of liveable space.
CIDCO
City and Industrial Development Corporation — the planning authority that developed Navi Mumbai. CIDCO allots plots and approves layouts in Navi Mumbai.
L
Leave and Licence Agreement
The standard rental agreement used in Maharashtra. The owner (licensor) gives the tenant (licensee) permission to use the property for a fixed period — usually 11 months. It is not a lease and does not create tenancy rights.
Lock-in Period
A minimum period during which neither the tenant nor the owner can terminate the agreement without penalty. Common lock-in periods are 3–6 months.
M
MahaRERA
Maharashtra Real Estate Regulatory Authority — the state body that implements RERA in Maharashtra. Brokers and builders must register with MahaRERA.
Maintenance
Monthly charges paid to the housing society for upkeep of common areas, lifts, security, water, and other shared services. Typically ₹1,500–₹5,000/month in Navi Mumbai depending on the society.
N
NMMC
Navi Mumbai Municipal Corporation — the local body responsible for civic services (water, roads, drainage) in Navi Mumbai.
O
Occupancy Certificate (OC)
A certificate issued by the local authority (NMMC in Navi Mumbai) confirming that a building is safe to occupy and has been built as per approved plans.
P
Possession
The date on which the builder or owner hands over the flat to the buyer or tenant. For under-construction properties, possession is a future date.
R
RERA
Real Estate (Regulation and Development) Act, 2016. In Maharashtra, MahaRERA regulates builders and brokers. Every new project above a certain size must be registered. Buyers can check project status at maharera.mahaonline.gov.in.
Rent Agreement
Commonly used term for a Leave and Licence Agreement in Maharashtra. Must be registered at the Sub-Registrar's office for agreements over 11 months.
Registration
The legal process of recording a property transaction at the Sub-Registrar's office. Mandatory for sale deeds and rent agreements over 11 months.
Ready to Move
A property that has received its Occupancy Certificate (OC) and can be occupied immediately. No waiting for construction to complete.
Resale Property
A flat that has been previously owned and is being sold again. Resale flats are ready to move in and have a known track record.
S
Super Built-up Area
Built-up area plus a proportionate share of common areas like lobby, staircase, lift, and corridor. Builders often quote prices on super built-up area.
Example: A flat with 650 sq ft carpet area may be sold as 900 sq ft super built-up area.
Security Deposit
A refundable amount paid by the tenant to the owner before moving in. In Navi Mumbai, the typical deposit is 2–3 months' rent. It is returned at the end of the tenancy after deducting any dues.
Stamp Duty
A state government tax paid when registering a property sale or rent agreement. For rent agreements in Maharashtra, stamp duty is calculated on the annual rent and deposit amount.
Society NOC
No Objection Certificate from the housing society. Required when a flat is sold or rented out. The society confirms there are no outstanding dues.
U
Under Construction
A property that is still being built. Buyers pay in instalments linked to construction milestones. Possession is given after the OC is received.
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