Bare shell
- The bare structure of the property, post construction, which requires the installation of basic services
Basic rent
- The actual monthly rental charges excluding the maintenance and other related charges
Bayana
- A term of Indian origin which denotes the token amount given to freeze the property in the name of the giver
Benami Ownership
- Party A holds the title of the property whereas the real ownership is in name of Party B
Beneficiary
- The person/persons/institution designated to receive the income from a trust, estate or a deed of trust
BHK
- Bedroom, Hall, Kitchen
Bhumidar
- An individual who has the right to use land for purposes related to agriculture or farming
Boundary
- A line which separates adjoining properties of different ownerships
BSP
- Basic sale price
Building Code
- A protocol which defines the construction standards and the safety measures to be adhered to in the building process
Building contract
- A clause which defines the agreement between the owner and the contractor on terms like remuneration, penalties for delay in construction, etc.
Built-up Area
- Includes the carpet area, the wall thickness
Bullet Loan
- A short term loan with a tenure of 5 to 7 years
Business centre
- A commercial space rented or sold for setting up offices, showrooms, malls,etc.
Business park
- A commercial space with low building densities and high tech amenities
Buyer’s Market
- A market scenario which favors the buyers with respect to the property cost and other concessions