Real Estate ERP Glossary
A comprehensive reference dictionary covering local Bangladesh property registry terms, land codes, and ERP billing terminology.
PDC (Post-Dated Cheque)
A cheque written by a property buyer with a future collection date. Unova REMS automatically tracks PDCs, sends automated WhatsApp reminders to clients 7 days prior to deposit, and alerts the developer's finance team.
Land Joint-Venture (যৌথ অংশীদারিত্ব)
An agreement between a landowner and a developer. Unova manages joint-venture flat ratio splits (e.g., 40/60), automatic revenue share disbursal, and landowner allocation grids.
Lead Leakage (লিড লিক)
The loss of potential customer sales due to delayed response times or unassigned follow-ups. Unova prevents lead leakage using AI-driven routing, instantly assigning leads to agents with WhatsApp alerts within 60 seconds.
Flat Inventory Grid (ফ্ল্যাট ইনভেন্টরি গ্রিড)
A live, color-coded visual matrix showing the exact status (Available, Booked, Blocked, Sold) of all flats, parking spots, and commercial spaces across real estate projects.
Milestone Billing (মাইলস্টোন বিলিং)
A payment scheme where customers are billed based on construction progress (e.g., foundation casting, 1st-floor slab, brickwork) rather than strict calendar dates. Unova automates milestone billing.
Land Mutation (ভূমি নামজারি)
The government process of updating ownership logs in the land registry. Unova's legal module includes a tracker for mutation filings, registry document vaults, and government clearance logs.
RAJUK & CDA Compliance
Building approval and setback guidelines set by the Capital Development Authority (RAJUK) and Chittagong Development Authority (CDA). Unova maps floor layouts and deviations to stay compliant.
Post-Dated Cheque Vault (PDC ভল্ট)
A secure digital ledger inside Unova Accounting where physically received customer cheques are logged, tracked by bank drawer, and cleared against outstanding installment invoices.