The buzz is that the real estate industry is not doing well and the market is facing a downturn. According to reports, in an attempt to improve the situation, builders have started throwing parties for brokers, and showering brokers with expensive mobile phones and two per cent brokerage.

And if that wasn’t enough, just last week, a builder from south Mumbai offered brokers luxury cars in exchange for sales.
Realty sources tell MiD DAY that gifts and other methods to woo brokers will be seen in the coming few weeks owing to the surge in the passing of proposals from the civic body.