Bombay Municipal Corporation (BMC) is all set to appoint a professional agency with the task to provide search reports of the property cards for various properties that are going to be auctioned over tax default. The search reports are a vital part of the revenue records of the state government.
As of now, 2800 properties within the jurisdiction of BMC are defaulting on property taxes. And the assessment and collection department are already processing the auctioning of about 67 properties out of them.
The appointed agency will be expert in accessing search reports for property tax which will be confirming the ownership title and make sure that the ownership details provided tally with the existing records. It is essential to keep a clear record since many of the properties have been sold multiple times. Even with the 67 commercial properties auctioned, there are several multiple units which have individual property cards and a sale history of its own.
Since the BMC does not have much manpower, appointing a professional agency will help them to get the search reports without much hassle.
Buying properties is India and for that matter anywhere in the world must be dealt with expert hands to make sure that you are investing in property that is clear and free from prior debts. Do not hesitate to hire professional agencies to handle the background check of a property before you put in your hard-earned money on it.