Glossary
The property and land terms you'll come across — explained simply.
- 7/12 extract
- In Maharashtra, the 7/12 extract (Satbara Utara) is the land record showing a plot's owner, area and cultivation details. It is a key document for land in Vengurla. Learn more
- Acre
- A unit of land area equal to 4,840 square yards, or about 4,047 square metres (0.405 hectares).
- Farm house plot
- A plot of land intended for building a farm house and for agriculture. At The Goa Foreste, farm house plots are 1320 square yards each. Learn more
- FEMA
- The Foreign Exchange Management Act, 1999. Its rules govern property purchases by NRIs and OCIs, who generally cannot buy agricultural land, plantation property or farmhouses without RBI approval. Learn more
- NA (non-agricultural) land
- Land whose permitted use has been converted from agricultural to non-agricultural purposes, such as residential or commercial building. Check a plot's classification before planning construction.
- NRI / OCI
- Non-Resident Indian / Overseas Citizen of India. Both can generally buy residential and commercial property in India, subject to FEMA restrictions.
- Power of attorney
- A registered legal document that authorises a trusted person to act on your behalf — often used by buyers who live abroad.
- Pre-leased property
- A property that is already leased to an operator or tenant when you buy it. For resort cottages and villas, the operator runs the property as part of a resort, so the owner can earn income potential without managing it day to day. Learn more
- Private estate plot
- A larger parcel of land for a private retreat, farm or estate. At The Goa Foreste, private estate plots range from 1 acre to 10 acres. Learn more
- Rainwater harvesting
- Collecting and storing rainwater, typically from the monsoon, for later use such as irrigation. Goa Eco Village plans 100% rainwater harvesting. Learn more
- RERA
- The Real Estate (Regulation and Development) Act, 2016, and the state Real Estate Regulatory Authorities it created. Registered projects carry a RERA registration number that buyers can verify on the state authority's website.
- Sale deed
- The registered legal document that transfers ownership of a property from the seller to the buyer.
- Serviced apartment
- An apartment where services such as upkeep are provided, giving owners comfort and convenience with less day-to-day maintenance. Learn more
- Square yard (sq yd)
- A unit of area equal to about 0.836 square metres. 1320 sq yd is about 1,104 sq m, or roughly a quarter of an acre.
- Stamp duty
- A state tax paid when a property transfer is registered. Rates differ between states such as Maharashtra and Goa.
- Title search
- A lawyer's check of a property's ownership history and records to confirm the seller has clear title, with no disputes or encumbrances.
- Vernacular architecture
- Building with local materials and traditional methods suited to the climate — at our projects, materials such as bamboo, stone, mud, wood and thatch. Learn more
General information only — not legal, tax or financial advice.
See it for yourself
Walk the land, meet our team and find the right plot or cottage for you. We’ll arrange everything — including airport pickup.