Patwari
- A Government Authority responsible for maintaining land ownership records
Penthouse
- A flat on the last floor of an apartment with high-end luxurious amenities
Preferential Location Charges (PLC)
- Charges incurred towards availing premium facilities and amenities like a garden facing flat or preferring a flat on higher floors
Parties
- Entities entering into a transaction like buyer and seller
Plot
- Small segment of land covered with green vegetation
Power of Attorney
- A legal contract bestowing the power upon an individual to manage, rent, lease, mortgage or sell property on behalf of the owner
Property management
- Activities related to the maintenance of property like undertaking repair works, etc.
Preleased
- A property given out on lease before the completion of construction activities
Prime Space
- A space available for lease and that which has not been occupied before by tenants
Principal
- The basic amount borrowed which has to be repaid in installments, inclusive of interest
Private Sale
- A type of sale wherein the seller doesn’t take help from a realtor
Processing
- A loan application which is currently under verification
Property Tax
- Tax levied (annually) by the local Municipal Corporation on the ownership of a property
Prospectus
- A document expressing an interest of converting a building into a co-operative housing society or for changing the nature of property usage
Public Housing
- Government owned housing space sold or rented out at affordable costs to the low income groups
Pugree
- An interest free deposit given to the landlord which is refundable