A sales mandate is an agreement between a property owner (typically a developer) and a sales agency, where the agency is authorized to sell the property on behalf of the owner. In the Indian market, these mandates are commonly divided into exclusive and open mandates. An exclusive mandate means one agency has full rights to market and sell the property, while in an open mandate, multiple agencies can represent the property (source).
Exclusive mandates are particularly beneficial for property developers as they streamline the process, provide focused marketing strategies, and eliminate conflicts between multiple agents. They ensure that a singular entity, such as Vanguard Ventures, can fully dedicate its resources to drive sales (source).
The real estate landscape in India is regulated by various laws, including the Real Estate (Regulation and Development) Act, 2016 (RERA). Under RERA, developers must comply with specific mandates such as transparent project listings, timely possession, and customer protection (source). Vanguard Ventures, based in Thane, follows these legal frameworks to ensure compliance, transparency, and accountability. The company provides a one-stop solution for developers by handling everything from lead generation to sales closure (source).
Selecting the right mandate company is crucial for developers. Key factors include:
Vanguard Ventures has been instrumental in managing sales mandates for projects like the Metropolis Township and the Royal Heights Project. Their expertise spans both residential and commercial sectors, making them a trusted partner for developers across Mumbai and Thane (source). With a focus on innovative marketing strategies and client-focused approaches, Vanguard Ventures has consistently delivered strong sales performance, helping developers achieve their project goals.