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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

LOI — Letter of Intent

GMADA document confirming plot allotment, tradeable in secondary market

A Letter of Intent (LOI) is a document issued by GMADA (or other development authorities) confirming that a specific plot has been allotted to you. It is not the final sale deed — that comes after infrastructure development and possession. However, LOIs are freely tradeable in the secondary market. When you "buy a plot in Aerotropolis" you are typically buying an LOI. The actual registry happens years later after the authority completes roads, utilities, and issues a possession letter.