Four promises by real estate developers in Mumbai that you shouldn’t believe

Real estate market in Mumbai runs under a tough competition. Every company wants to lure customers and hopes to make a sell under their own name. Often it is seen that representatives from real estate developers in Mumbai end up making promises that are too good to be true. This is where the customer either falls in suspicion or believes them and goes ahead with the deal.

A reliable real estate projects in Mumbai will never promise anything that doesn’t sound genuine. After-all it is a matter of their reputation and the name they have built over all these years.


Here are some of the common fake promises that many real estate companies make and you should not trust them blindly. 


Cash payment for tax free deal

Many real estate representatives lure their prospective clients to make a deal with them by suggesting them to do the first payment in cash. Cash payment is lucrative because you save yourself from paying taxes on that transaction. But here, a lot of suspicion arises. First, it is illegal to make cash payment without any receipt and if the agent vanishes after taking your money, you have no one to blame.

Duplicate listings 

Many agents and third party sellers often list the same property twice or thrice on the same portal under different names with pictures clicked from different angles. The prices are different and so are the claims. This is one reason why you should always work with reliable real estate developers in Mumbai in order to find genuine listings.

Discount on next purchase 

Many agents try to lure you by offering discount on next real estate purchase. This is simply ridiculous as there is a long gap between someone purchasing a new apartment and then investing in another. This discount is likely to expire in due time.

False claims about the location

Location is one of the one tricky parts of a real estate deal. Agents often claim that the location is close to this place or some industrial area when in reality it takes a good 20 minute drive to reach there.

TREC is one of the most reliable real estate company in Mumbai with a number of properties in major parts of the city. For more details, contact their team of experts.
Location: Mumbai, Maharashtra, India

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