Have you ever thought that in expensive cities like Mumbai and Delhi, you can get a property worth crores at a rent of ₹ 500-₹ 1000 per month? Such properties are called Pagri Property. In this video, the Pagdi system is explained in simple language and what legal rights the tenant gets under the Rent Control Act. It is also explained why these properties are available at 40-70 percent discount and why the owner cannot evict the tenant easily. The video also explains how tenants get a new flat, additional area or sometimes cash compensation at the time of building redevelopment and how even today people are able to live at very low rents in South Mumbai and Central Posh Areas. Apart from this, why Turban Property is not considered a good option from investment point of view and when it can be beneficial for commercial business has also been discussed. Besides, the risks related to Pagdi property like not getting a home loan, low liquidity and the compulsion to live in a dilapidated property due to lack of redevelopment for years have also been explained in detail. If you are interested in Indian Real Estate, Mumbai Property or Legal Property Knowledge then this video is very useful for you.
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