Brokerage Terms & Conditions
Buy • Sell • Rent • Invest
Your trusted real estate partner in Mumbai. Below is the transparent fee schedule, registration packages, and standard terms governing all advisory and brokerage services rendered by MNRE.
Professional Fee Structure
Transparent and standardized professional fees applicable across all residential, luxury, expat, and commercial transactions in Mumbai.
Rental Services
Residential • Luxury • Expat
| Agreement Period | Professional Fee |
|---|---|
1 – 2 Years Standard residential & commercial lease | 1 Month's Rent |
> 2 – 5 Years Multi-year commercial & corporate lease | 2 Months' Rent |
> 5 Years Long-term institutional or high-value lease | 3 Months' Rent |
Renewal of Agreement Applicable upon lease extension/renewal | 50% of applicable fee |
Sale Services
Resale • New Launches • Investments
| Property Type | Professional Fee |
|---|---|
Resale Property (Below 20 Years Old) Modern residential & commercial re-sales | 1% of Transaction Value |
Resale Property (Above 20 Years Old) Heritage / vintage structures & redevelopment units | 2% of Transaction Value |
Builder / Primary Market Property Direct developer / under-construction / new launches | 1% of Transaction Value |
Standard Terms & Conditions
These conditions govern all property introductions, viewings, and transactions executed with Mohnish Nagpal Real Estate.
Commission
Once a property has been offered, introduced, or shown to the client by MNRE, the applicable professional fee/commission shall become payable upon successful completion of the transaction.
Payment Due
100% of the applicable commission is payable on the date of registration or possession, whichever occurs earlier.
Delayed Payment
Any delayed payment of the applicable commission shall attract interest at 18% p.a., calculated from the date on which the payment becomes due, i.e. the date of registration or possession, whichever occurs earlier.
Registration Fee
The registration fee is a one-time, non-refundable fee and shall be charged separately as per the applicable registration requirement/package.
Introduction & Commission Protection
Once a property has been introduced or offered to a client through MNRE, the applicable commission shall remain payable if the transaction is subsequently concluded, directly or indirectly, with the introduced client/party, subject to the agreed terms.
Onboarding
The Management reserves the right to accept, reject, or approve any registration/onboarding request at its sole discretion.
Listing Validity
The number of listings and validity period shall be governed by the respective registration package selected by the client.
Taxes
All fees, commissions and charges are exclusive of applicable taxes, which shall be payable additionally as per prevailing laws.
Advisory • Transactions • Investments
Partner with Mumbai's Leading Real Estate Practice
Whether you are seeking prime luxury residential properties, high-yield commercial leases, or bespoke developer mandates, our advisory team is at your service.