# Real Estate and RERA Glossary | NXS48 Plain-language definitions of RERA, MahaRERA, carpet area, escrow, PAAA, TDR and other real estate legal terms. Draft, pending professional review. Canonical: https://nxs48.com/glossary/ Glossary Allottee A person to whom a plot, apartment or building has been allotted, sold or otherwise transferred by the promoter, as defined in Section 2 of the RERA Act, 2016. Appellate Tribunal The tribunal established under Section 43 of the Act to hear appeals from orders of the Authority or adjudicating officer. In Maharashtra it is commonly called MREAT. Authorized representative A person permitted by Section 56 to appear on behalf of a party before the Authority, Appellate Tribunal or adjudicating officer. Carpet area The net usable floor area of an apartment, excluding external walls, service shafts, exclusive balcony or verandah and open terrace areas, but including internal partition walls, as defined in Section 2(k). CTS (City Survey) number The identification number given to a property in the city survey records of areas where city survey has been carried out, used with a property card showing ownership entries. Deemed conveyance A statutory route under Maharashtra law by which a society can seek registration of a conveyance of land and building in its favour where the promoter has not executed it. The governing provisions should be checked before use. Designated account A separate bank account in which a promoter deposits the share of allottee payments required by Section 4(2)(l)(D) of the Act, to be used for construction and land cost of that project. Development agreement A contract between a society or landowner and a developer recording the terms on which the property will be redeveloped. Force majeure Events beyond the promoter’s control, such as war, flood, drought, fire, cyclone or earthquake, that Section 6 recognises in the context of extension of registration. FSI Floor space index, the ratio of built-up floor area permitted to the area of the plot under the applicable development control regulations. Ferfar A Marathi term for a mutation entry, which records a change in ownership or rights in the village revenue records. IOD / IOA Intimation of disapproval and intimation of approval, stages in building plan approval used by the Mumbai municipal authority. The exact stages depend on the planning authority. Joint development agreement (JDA) An agreement between a landowner and a developer under which the developer builds on the land and the parties share area or revenue. MahaRERA The Maharashtra Real Estate Regulatory Authority, the state regulator under the RERA Act, 2016. MREAT The Maharashtra Real Estate Appellate Tribunal, which hears appeals under Section 44 from orders of MahaRERA and its adjudicating officer. Occupancy certificate (OC) A certificate from the local planning authority stating that a building has been completed in accordance with the sanctioned plan and is fit for occupation. PAAA Permanent alternate accommodation agreement, an agreement between a member of a redeveloping society and the developer recording the new flat the member will receive. Promoter The person or entity that constructs or causes construction of a building or develops land for sale, and others included in the definition in Section 2(zk) of the Act. Power of attorney (PoA) A document by which one person authorises another to act on their behalf for stated purposes. The scope should be read with care in redevelopment and joint development. QPR Quarterly progress report, a periodic update of project progress that promoters are required to submit on the state portal under the applicable rules. Real estate agent A person who, for a fee or commission, negotiates or acts on behalf of another in a transaction of a plot, apartment or building in a real estate project, as defined in Section 2(zm). RERA The Real Estate (Regulation and Development) Act, 2016, the central law that created state-level regulators for real estate projects. Scrutiny objection An observation raised by the Authority on a registration or update application, which the promoter must respond to with clarification or documents. Section 18 The provision dealing with return of amount and compensation where a promoter fails to complete or give possession as agreed or cannot do so due to discontinuance of business. TDR Transferable development rights, a development entitlement that can be transferred from one plot to another under the applicable development control regulations. Title opinion A written legal opinion by an advocate on the state of title to a property, based on the documents and records examined. 7/12 extract A Maharashtra revenue record showing ownership, cultivation and other rights for a parcel of land; used in review of rural and peri-urban land. ## Contact us for a tailored proposal Tell us about the property, project or dispute. We scope the work first and prepare a proposal for it. [Contact Us](/contact/) [Call +91 97628 66937](tel:+919762866937)[WhatsApp](https://wa.me/919762866937?text=Hello%2C%20I%20would%20like%20to%20make%20an%20enquiry.)