Nature of Real Estate Advisory Services
Property Fete Advisory LLP (“Property Fete”) operates as a premium institutional real estate consultancy, transactional facilitator, and registered broker governed under the Real Estate (Regulation and Development) Act, 2016 (MahaRERA Registration No. A51900012345).
Explicit Distinction from Independent Legal Practice: Property Fete is an advisory and commercial brokerage organization and does not function as an advocate chamber or bar-certified solicitors firm. While Property Fete undertakes rigorous 54-point operational verifications and coordinates title documentation, clients are advised to engage independent Bombay High Court advocates or conveyancers for formal Title Search Certificates, conveyance deed stamping, and judicial court proceedings.
Engagement of our services constitutes acknowledgment that financial, tax, and capital gains projections provided in property memorandums are indicative underwriting estimates and do not substitute for formal chartered accountancy or tax counsel under the Indian Income-tax Act, 1961.
Client Mandate & Representation Framework
To safeguard the privacy, prestige, and market positioning of high-value residential and commercial properties in Greater Mumbai, client mandates are categorized under two rigid transactional models:
verified_user Sole Exclusive Mandate (SEM)
Client grants Property Fete exclusive rights for marketing, private showings, and negotiations for a stipulated period (typically 90 to 180 days). Includes bespoke video production, off-market HNI outreach, and complete marketing discretion.
handshake Open Non-Exclusive Agency
Bespoke facilitation on designated inventory where Property Fete registers prospective purchasers with builder or seller prior to inspection. Subject to first-come registration timestamps in our registry.
Spam & Indiscriminate Broadcast Embargo
Property Fete strictly complies with privacy principles. We enforce a zero-tolerance policy regarding unauthorized WhatsApp broadcast lists, bulk telemarketing, or unlicensed photo circulations across public broker chatgroups. Every off-market presentation is issued under a tracked, recipient-specific Non-Disclosure Agreement (NDA).
Co-Brokerage & Non-Circumvention (24-Month Rule)
Clients, corporate investors, family offices, and their direct representatives (including attorneys, family members, subsidiary entities, or secondary brokers) who receive property introductions, floor plans, financial modeling, or physical access facilitated by Property Fete are bound by strict non-circumvention clauses.
Introductions are evidenced through signed Inspection Sheets, digitally trackable PDF dataroom logs, scheduled calendar invites, or logged email confirmations exchanged prior to viewings.
54-Point Title Verification & Statutory Warranty
Our curated listings undergo our proprietary 54-point preliminary verification process prior to being presented to private clients. This operational diligence synthesizes documentation across municipal and statutory repositories:
Advisory Fee Schedule & Conveyance Retainers
Advisory and transactional remuneration follows transparent statutory guidelines. Retainers and milestone payments are escrowed where contractually specified:
| Asset Transaction Class | Standard Advisory Consideration | Milestone Execution & Release Tranche |
|---|---|---|
| Luxury Residential Outright Apartments, Penthouses, Seafront Bungalows | 1.0% to 2.0% of Gross Value (+ Applicable GST) | 50% upon execution of Agreement for Sale / Registered Token; 50% at final registration / possession. |
| Commercial Pre-Leased / Leased Grade-A BKC/Lower Parel/Worli Corporate Assets | 1.0% to 1.5% of Consideration or 1 to 2 Months Rent | 100% payable upon formal execution and stamping of Registered Lease / Conveyance Deed. |
| Off-Market Institutional Mandates Land parcels, society redevelopments, boutique buildings | Bespoke Retainer + Performance Linked Incentive | Tranche releases structured through designated bank escrow accounts upon regulatory clearance milestones. |
* Goods and Services Tax (GST) is levied at the prevailing statutory rate (currently 18%) on all professional advisory fees. Invoices are issued with GST compliance credits in Maharashtra.
Off-Market Transactions & Buyer Due Diligence
Property Fete maintains a private reserve of confidential, off-market real estate assets across South Mumbai (Malabar Hill, Altamount Road, Cuffe Parade, Worli) and prestigious Western Suburbs (Bandra Bandstand, Pali Hill, Juhu).
- Proof of Fund (POF) Prerequisite: Physical walkthroughs for off-market residences require proof of financial capability (solvency letter, CA net worth certificate, or family office endorsement).
- Digital Scrim & Photography Ban: Photography, videography, or drone deployment on or around private residences without prior written consent from the current titleholder is strictly prohibited.
- Independent Building Audits: Buyers are encouraged to deploy independent MEP (mechanical, electrical, plumbing) and structural engineers during the 15-day pre-closing inspection window.
Town Planning, FSI & Municipal DP 2034 Disclaimers
Urban planning norms in Greater Mumbai are subject to dynamic municipal directives under the Mumbai Metropolitan Development Plan 2034 (DP 2034), Unified Development Control and Promotion Regulations (UDCPR), Slum Rehabilitation Authority (SRA) reservations, and transit alignments (Coastal Road, Metro lines, Mumbai Trans Harbour Link).
FEMA, RBI & Cross-Border NRI Compliance
For Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs), Overseas Citizens of India (OCIs), and permitted Foreign Entities, real estate transactions must conform unconditionally to the Foreign Exchange Management Act, 1999 (FEMA) and Reserve Bank of India (RBI) regulations.
Permitted Banking Channels
All purchase considerations must originate via inward remittances through normal banking channels or debit balances held in NRE / FCNR(B) / NRO bank accounts. Cash settlements are illegal and immediately reported.
Repatriation Ceilings
Repatriation of sale proceeds from residential properties is capped at two (2) residential units under standard general permissions, with surplus proceeds handled via Form 15CA/CB remittances.
Limitation of Liability & Developer Default Shield
To the fullest extent permitted by applicable Indian jurisprudence:
No Developer Guarantees: Property Fete acts as a facilitator and advisor. We are not a co-developer, partner, or joint venturer in third-party development projects. Property Fete shall not be held liable for builder insolvency, structural or latent material construction defects, delays in project delivery, failure of developers to obtain final Occupancy Certificates, or unilateral revisions in project amenity layouts.
Aggregate Monetary Liability Cap: In any circumstance where liability is judicially determined by a competent forum, the maximum aggregate financial liability of Property Fete LLP, its partners, and associates shall be strictly limited to the actual net advisory fee amount received by Property Fete for the specific transaction giving rise to the claim.
Dispute Resolution, Sole Arbitration & Jurisdiction
Any dispute, claim, or controversy arising out of, relating to, or in connection with these Terms, client mandate agreements, or transactional advisory shall be resolved exclusively through the following institutional mechanism: