Option

Language - English

Telugu Word - తెరివురిమై

A right to buy or sell a particular thing at a specified price within a set time. In the context of Telangana real estate, an option could be an agreement giving a potential buyer the right, but not the obligation, to purchase a property at a predetermined price within a specified period. Example: The developer offered the investor an option to purchase a commercial space in the upcoming project at a discounted price if they committed within the next month. Options provide flexibility to buyers and sellers in real estate transactions. They allow buyers to secure a property at a certain price while they conduct due diligence or arrange financing, and they offer sellers a potential source of income through option fees.