The surging property prices may be a hindrance for most of the home buyers to own a home in the Commercial Capital. It has never been easy to Buy Property in Mumbai just because of the higher demand and lower supply. It is true that there is not sufficient space for all to live in the city now. The vacancy rate is very low and you will never find any vacant home very easily without the help of a property agent.
There are many authorized and unauthorized real estate brokers and property agents in the city. Interestingly most of them do not have any office and are working with their mobile phones. You should be very careful about these unauthorized brokers and agents. They do not lead you to any good Residential Properties in Mumbai but they will take away your money. There are many cases in which the agents have vanished in to the air after taking the money from the prospective buyers.
Once you give the money which is their tip or fees, they do not turn up. The given mobile number may become switched off. You will dial again and again. Yet you will find no voice from the other end. The nature of Real Estate in Mumbai is very crooked and so it is always wise to seek any properties through reliable agents in the city. You must never select anyone who does not have an office.
At least if they have an office you can reach their office and claim your demand. It is reported that the real estate brokers and agents in the city includes sweepers, security guards, auto-walas, and the list finds no end. The very moment you plan of renting or buying any Residential Property in Mumbai, they will start flowing to you; claiming many super and finer homes at their hand both for selling and renting.
Recently a resident of the city complained that he was cheated by a property broker. Claiming to have a good home for sale, the broker demanded some money in advance. However after that he has not turned up in front of him. This is not a single incident but a common one. It means that the Real Estate Mumbai has been resorting to unfair means and measures.
So if you wish to Buy Property in Mumbai, you should go to a proper agent who is registered with the government. Gaining properties directly from the builders also is a good option. Whatsoever you should never rely or believe any of the unorganized agents. Though there are some reliable agents among the unorganized ones, it is hard to find them out. So better thing you can do is go straight and ready to pay the prescribed commission.
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