(Brokerage are exempted on Under Construction New Projects)

 

BROKERAGE TERMS & CONDITIONS


"You are paying for the expertise, experience, and service the brokers provide for a smoother transaction and by negotiation with developer, which save a lots of client money, time, and energy. It is always a smart choice to take advice from smarter people."


1.     SALE / PURCHASE

Where there is any immovable property that is transferred through sale or exchange or by transfer of shares in a Co-operative Society or Company or any other Association of Persons or through any other agreement or arrangement, including Transfer of Development Rights (TDR), FSI or Long Term Transfer of Development Rights, commission at the following rates on the total consideration amount (inclusive of the loan amount) and /or deferred payments, if any, shall be paid to   RAIGAD ESTATE   as under:

 

(a) Where we act on behalf of both the Buyer and the Seller, a commission at the rate of 2 % shall be paid to us by each party.

 

(b) Where we act only for the buyer or the seller, commission @ 2% shall be paid by the party for RAIGAD ESTATE.

 

Any transaction that includes that of immovable property covers all transactions under the definition given in   Section 269 U, Chapter XX-C   of the   Income Tax Act, 1961, and also under   the Transfer of Property Act, 1882.

 

Note:   In the event, a company is taken over, with the express or implied intention of acquiring the immovable property of the company, then 2% of the market value of the property will have to be paid by the Vendor and the Purchaser to the   Raigad Estate   as commission.

 

     2.     TERMS OF PAYMENT

 

25% of the commission shall be payable to us at the time of payment of earnest money or token amount whether simultaneously accompanied by the execution of an Agreement or Deed of Transfer or not, by way of non-refundable service charges and out-of-pocket expenses.

75% of the commission shall be payable to us on receipt of the allotment letter or on the signing of an agreement or on possession or on receipt of full payment whichever is earlier.

 

     3.     LAND DEAL

 

Commission @ 5% on the total consideration of the property, shall be due and payable by both the Purchaser and the Seller on the Purchaser price/sale price of any premises, where brokerage and/or consideration is payable.

 

     4.     LEASE / LEAVE & LICENSE

 

In the case of Lease / Leave and License Agreement, commission @ 2 months rent and 2% of the deposit amount, becomes due & payable, both by the Lessor / Licensor / Owner AND by the Lessee / Licensee / Occupier of the Property; to the broker concerned. The above commission is payable irrespective of the period of the Lease / Leave and Licensee agreement.

On renewal of Lease / Leave and License, 1 month’s rent and 1% of the deposit amount becomes due and payable both by the Lessor / Licensor Owner and Lessee / Licensee / Occupier, to the broker concerned on the escalated deposit and rent etc.

 

     5.     DEPOSIT

 

The Lessor / Licensor / Owner and the Lessee / Licensee / Occupier shall individually pay to the broker concerned, 2% of the total deposit amount or advance rent, irrespective of the period of Lease / Leave and License. ON RENEWAL of Lease / Leave and License, irrespective of the renewal period, one per cent of the deposit amount becomes due and payable BOTH, by the Lessor / Licensor / Owner and the Lessee / Licensee /Occupier, as brokerage, to the broker concerned.

 

NOTE: Commission / Brokerage / Agency Fee / Services Charges / Any Other charges, under any name whatsoever paid to RAIGAD ESTATE for services rendered SHALL NOT BE REFUNDABLE UNDER ANY CIRCUMSTANCES.

 

6.     GST

 

The current rate of GST on realty services is 18 %.

Floating WhatsApp Icon .floating-whatsapp { position: fixed; bottom: 20px; left: 20px; background-color: #25D366; color: white; border-radius: 50px; width: 60px; height: 60px; display: flex; justify-content: center; align-items: center; box-shadow: 0 2px 10px rgba(0, 0, 0, 0.2); text-decoration: none; z-index: 1000; display: none; /* Initially hidden */ } .floating-whatsapp img { width: 30px; height: 30px; } // Get the WhatsApp icon element var whatsappIcon = document.getElementById('whatsappIcon'); // Show the WhatsApp icon when the page is scrolled window.addEventListener('scroll', function() { // Show the WhatsApp icon whatsappIcon.style.display = 'flex'; // Update the WhatsApp icon position based on the scroll position whatsappIcon.style.left = '20px'; // Adjust this value as needed whatsappIcon.style.bottom = '20px'; // Adjust this value as needed });