Foreclosed homes, or real estate-owned properties, are houses seized by lenders because of the previous owner’s inability to cater to the mortgage obligations. These properties offer a unique opportunity for buyers to acquire homes at potentially discounted rates.

Buying a home in the city of Mumbai is nothing short of a dream for many. But considering the high cost of living in this financial capital, it is important to start planning one’s flat purchase in this urban landscape well in advance.