Mumbai is a well developed and established real estate market in the world. People mainly buy here property for current use, rarely with speculative motive. This reason for buying for current use has led to the constant growing demand in Mumbai property.

When a buyer of a house fails to meet his commitment to repay his due on borrowed fund of the purchase, the bank or financial institution or any such authority, according to the predetermined terms of the agreement can recover their due by taking the possession of the house from the borrower.