The developers, builders, and agents have registered over 900 projects with the regulator and over 300 agents have registered on the last day. It is said over 100000 apartments either under construction or incomplete or yet to begin are in and around Bangalore and the registration might be to the tune of about 15000 to 20000 units.
There are more agents/brokers than the actual builders and developers across the state but, 300 of them officially registered with the authority by submitting the mandatory documents.
It is safe and better to transact or do business with the registered agents or brokers for the purchase of the property.
DO NOT MAKE PAYMENT TO THE AGENTS OR THE BROKERS OR THE MARKETING AGENCIES FOR THE PURCHASE OF THE PROPERTY. THE SALE CONSIDERATION OR ADVANCE OR TOKEN AMOUNT MUST BE PAID DIRECTLY TO THE OWNERS OF THE PROPERTY AND NOT TO THE AGENTS/BROKERS OR MARKETING AGENCIES.
THE SALE CONSIDERATION OR ADVANCE OR TOKEN AMOUNT MUST BE PAID DIRECTLY TO THE OWNERS OF THE PROPERTY AND NOT TO THE AGENTS/BROKERS OR MARKETING AGENCIES.
ANY AMOUNT PAYABLE OR PAID MUST BE THROUGH An NON NEGOTIABLE AND ACCOUNT PAYEE CHEQUE ONLY AND OBTAIN THE RECEIPT FROM THE OWNER OR THROUGH NEFT/RTGS ONLINE MONEY TRANSFER AND OBTAIN A RECEIPT FOR CONFIRMATION.