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

Bayana — Token Money

Earnest money paid to secure a property deal before full payment

Bayana is token advance money paid by a buyer to a seller to secure a property transaction. Once bayana is paid, both parties are committed to the deal. If the buyer backs out, they forfeit the bayana. If the seller backs out, they return double the bayana. In WhatsApp dealer groups, "BOOKED DEAL" typically means the broker has paid bayana to the original owner and is now marketing the property to find an end buyer.