While dealing in real estate anywhere, including Mumbai, it's always better to be careful.
When you deal in land and property matters, focus on laws & precautions set by the government of the country for the safety of buyers. Being cautious is the best self help.
While dealing in real estate in Mumbai, verify all the documents properly before buying & do not forget to get the property records, the society records having the property and the sub registrar records. It's necessary to go through the occupation certificate, a plan for plots that is sanctioned & or a certificate of completion for buildings.
While buying a house in any society of Mumbai, ask for no objection certificate from that society or the builder.
While purchasing a flat in a Mumbai society, if a consumer neglects the documentations from a builder, inside work like plan's approval, certificate of work initiation & environmental clearance, then after transferring your money, you may have to struggle for obtaining the original possession letter for the purchased property.
It's good to be alert while dealing in real estate in Mumbai & get all the authentic documents that are correctly stamped and registered. Also get the original title deeds from the property dealers in Mumbai.
Authenticate the VAT, service tax, property tax, encumbrance certificate, and release certificate from bank as well as other necessary outgoings before dealing in any real state in Mumbai.
Be wise & tally the final price of the property in Mumbai city before making the payment & save yourself from paying any amount that is more than the original price.
It is mandatory to check if the real estate is commercial or residential according to the development control regulations. Also check out any setback for heritage rules, road widening or environmental clearance before you work out for land matters in Mumbai.
Be on a safer side in Mumbai real estate business, by finding through a social notice in local news paper, if anyone other than the owner, is claiming for that particular property.
On the basis of holding a power of attorney, if a property seller in Mumbai is trading out a property on behalf of someone else, it becomes necessary for a buyer to confirm that the power of attorney is authentic & is rightly executed.
For dealing with safety in real estate, find from the bucket list, the genuine real estate companies in Mumbai & be mindful by verifying all the specifications & documentations by yourself.
