RERA: Glossary
Plain-language definitions for technical terms.
| Term | Meaning |
|---|---|
| Allottee | Person allotted/sold/transferred a unit, excluding tenant |
| Carpet area | Net usable floor area as statutorily defined |
| Promoter | Developer or other person falling within statutory definition |
| QPR | Quarterly progress report |
| Separate account | Project-specific account for 70% of allottee realisations |
| Planning area | Area declared under planning law |
| Occupancy certificate | Certificate permitting occupation |
| Completion certificate | Certificate of project completion under local law |
Source discipline
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