Need real estate agent in bangalore

ameliemon · May 30th, 2008, 08:56

Can someone tell me where I can find a Real Estate office in bangalore? And what is the commission percent in India.. thanks for your help in advance.. amelie.

capt_mahajan · May 30th, 2008, 09:01

Mod note: Moved thread to the Bangalore forum and renamed for clarity.

And amelie, welcome to indiamike.

Manzey · May 30th, 2008, 11:10

There are tons of real estate agents in Bangalore. Some of the big names are Ferozes real estates, Hanu reddy, CB Richard Ellis, DTZ, Silverline,Propmart, Sevenraj, Berrys, Emerald realty, Settler,Tirupati Estates, Collierrs JArdine etc...
For buying/selling property the comission is 2% negotiable and for rentals, its one month rent negotiable. Plus all the big builders sell / rent there own property direclty where u can avoid comission if u contact them direclty. Some of the big builders are Sobha Constructions, Prestige Constructions, Purvankara, Salarpuria, Nitesh Estates, Mantri builders, Brigade constructions, Adarsh to name a few.
Hope this helps....Cheers..!

puchoo · May 30th, 2008, 11:12

Brokerage on rentals can be anything between 15-40 days. Negotiate on it, keep in mind that a security deposit will also be needed which is normally 2 months rent..

Manzey · May 30th, 2008, 11:23

In Bangalore, security deposit for house rentals is 10 months rent.

puchoo · May 30th, 2008, 11:24

Quote:

Originally Posted by Manzey

In Bangalore, security deposit for house rentals is 10 months rent.

Manzey · May 30th, 2008, 11:28

That's true. I was surprised that it was only 1-2 months rent as advance here in Gurgaon. In Bangalore, most companies pay 10 months rent as advance to its employees and will deduct in their salary. I don't know why its so high in Bangalore, but that's true.

crvlvr · May 30th, 2008, 23:44

Ameliemon,

Welcome. I will assume, like the rest here, you are looking to rent and not purchase? Commission is typically paid by the landlord who appoints the agent. So, even if you find an agent, he/she will only show you the apartments that he has a contract with the landlord. Not the best system. Most apartments available for rent are advertised, either in the local newspapers, on websites (like indiaproperties.com) or craigslist.

If you are willing to pay for someone who will take you around and show you apartments that meet your requirements, you will have to use a conceirge service like http://www.superseva.com/bangalore/personal.asp. Or I can recommend someone. .PM me if interested,

ameliemon · May 31st, 2008, 03:23

Quote:

Originally Posted by Manzey

There are tons of real estate agents in Bangalore. Some of the big names are Ferozes real estates, Hanu reddy, CB Richard Ellis, DTZ, Silverline,Propmart, Sevenraj, Berrys, Emerald realty, Settler,Tirupati Estates, Collierrs JArdine etc...
For buying/selling property the comission is 2% negotiable and for rentals, its one month rent negotiable. Plus all the big builders sell / rent there own property direclty where u can avoid comission if u contact them direclty. Some of the big builders are Sobha Constructions, Prestige Constructions, Purvankara, Salarpuria, Nitesh Estates, Mantri builders, Brigade constructions, Adarsh to name a few.
Hope this helps....Cheers..!

thank you , the infor is very helpful to me, thanks again, amelie.

puchoo · May 31st, 2008, 11:36

Will be interesting to figure out why...whether its nothing more than the market trend there or there is some angle at play..

Quote:

Originally Posted by Manzey

That's true. I was surprised that it was only 1-2 months rent as advance here in Gurgaon. In Bangalore, most companies pay 10 months rent as advance to its employees and will deduct in their salary. I don't know why its so high in Bangalore, but that's true.

capt_mahajan · May 31st, 2008, 11:42

10 months is pretty common in mumbai, too.

May 30th, 2008, 08:56	#1
ameliemon Member Join Date: May 2008 Location: earth. Posts: 2	Need real estate agent in bangalore Can someone tell me where I can find a Real Estate office in bangalore? And what is the commission percent in India.. thanks for your help in advance.. amelie.

May 30th, 2008, 11:12	#4
puchoo Forum Leader Join Date: Nov 2006 Location: New Delhi & Himachal Pradesh (Shimla) Posts: 3,736	Brokerage on rentals can be anything between 15-40 days. Negotiate on it, keep in mind that a security deposit will also be needed which is normally 2 months rent.. __________________ Cheers! Sidharth Indiamike Mod team............the new kid on the block! puchoo.wordpress.com

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May 30th, 2008, 09:01	#2
capt_mahajan (in charge of navel affairs) Join Date: Sep 2005 Location: India Posts: 10,105	Mod note: Moved thread to the Bangalore forum and renamed for clarity. And amelie, welcome to indiamike.

May 30th, 2008, 11:10	#3
Manzey Manzey Join Date: May 2008 Location: Bangalore / Gurgaon Posts: 79	There are tons of real estate agents in Bangalore. Some of the big names are Ferozes real estates, Hanu reddy, CB Richard Ellis, DTZ, Silverline,Propmart, Sevenraj, Berrys, Emerald realty, Settler,Tirupati Estates, Collierrs JArdine etc... For buying/selling property the comission is 2% negotiable and for rentals, its one month rent negotiable. Plus all the big builders sell / rent there own property direclty where u can avoid comission if u contact them direclty. Some of the big builders are Sobha Constructions, Prestige Constructions, Purvankara, Salarpuria, Nitesh Estates, Mantri builders, Brigade constructions, Adarsh to name a few. Hope this helps....Cheers..!

May 30th, 2008, 11:23	#5
Manzey Manzey Join Date: May 2008 Location: Bangalore / Gurgaon Posts: 79	In Bangalore, security deposit for house rentals is 10 months rent.

May 30th, 2008, 11:28	#7
Manzey Manzey Join Date: May 2008 Location: Bangalore / Gurgaon Posts: 79	That's true. I was surprised that it was only 1-2 months rent as advance here in Gurgaon. In Bangalore, most companies pay 10 months rent as advance to its employees and will deduct in their salary. I don't know why its so high in Bangalore, but that's true.

May 30th, 2008, 23:44	#8
crvlvr Guru Join Date: Sep 2004 Location: Hollywood Posts: 4,474	Ameliemon, Welcome. I will assume, like the rest here, you are looking to rent and not purchase? Commission is typically paid by the landlord who appoints the agent. So, even if you find an agent, he/she will only show you the apartments that he has a contract with the landlord. Not the best system. Most apartments available for rent are advertised, either in the local newspapers, on websites (like indiaproperties.com) or craigslist. If you are willing to pay for someone who will take you around and show you apartments that meet your requirements, you will have to use a conceirge service like http://www.superseva.com/bangalore/personal.asp. Or I can recommend someone. .PM me if interested,

May 31st, 2008, 11:42	#11
capt_mahajan (in charge of navel affairs) Join Date: Sep 2005 Location: India Posts: 10,105	10 months is pretty common in mumbai, too.

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