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Punjab Real Estate Glossary

Essential terms for Mohali Aerotropolis and Punjab property market. Written for investors, NRIs, and first-time buyers.

LOI BAYANA BOOKED 25% INTKAL REGISTRY NDC CLU LAAL SCO EDC FACING

25% Built / 25% Built-Up

Minimum construction required to obtain Occupation Certificate (OC) from GMADA

25% Built does NOT mean the construction is incomplete. It means the plot owner has fulfilled the mandatory minimum construction requirement set by GMADA — which is 25% of the total permissible FAR (Floor Area Ratio). Once this minimum is done, the owner can apply for an Occupation Certificate (OC). This is a legal compliance milestone. A plot with 25% Built has higher value than a bare plot in some cases, as the owner has already fulfilled the authority's building obligation.