Just completed the video and it's amazing. I understand it's long already but I really hope you can make a part 2 for this video and talk about the following: 1) Excess inventory aka projects completed but unable to sell. 2) Builder defaults - Builders with excess inventory taking up more and more projects and get stuck in a loophole and finally default. 3) Importance of RERA 4) How making registration tax negligible (as close as zero) will reduce black money combined with higher property taxes. 5) Break-up of construction cost vs land cost to show how construction cost is actually negligible and the main blackmoney goes towards land cost.
I was wondering why owner of Zerodha is collaborating on this video. Then I get it. If someone buys a house, they won’t have enough liquidity to put money in share market. And guess who loses on it. Exactly! Pure marketing genius by Zerodha 😂
I just noticed a Funny and Fabulous Point here by just checking the Thumbnail or Title. Overall message of the Video is don't buy a House instead Invest this money at other Places instead of Real Estates. People will save more, invest more, but where? In Stock Market and Zerodha is the King when if comes to Stock Market investing, which is Founded by Nikhil Kamath and Nithin Kamath. That's is why Nikhil Kamath collaborate for this Video ✌️🤝🙌 Ese hi nahi Billionaire ban jate bhai 😂
The only billionaire who defeated vishy anand in a chess match. Edit: No hate to anyone. I wrote this sarcastically, didn't expect the likes and replies.
I (M 25) bought a property that is approx 12km away from the city. My dream home is about to finish and we will be moving there in January or February, maybe. I got it in very sasta and now the place has started developing (lol to new owners). I don't know why im sharing it here but bross you can learn.
Mohak made a very good video on it too please ab hatrick kardo and mohak ke saath collab kardo pakka 300k+ before year end I know n always root for you guys and u will touch it !! And nice way to show varuns normal hair in wedding pics and not chapri phase 😂😂😂😂😂😂 also varun ne sabke baal ka bharta kardiya for videos what man !!
I work in financial advisory sector. And right now, since the last 2 years, real estate is going up like crazy. And maybe one ceo is not buying, but most rich people are investing heavily in RE either directly through properties or through REITs or other funds. A good apartment in Gurgaon Golf course road costs an average 7-10 crores right now.
Please keep in mind , Bank managers are in hurry to lend loan and meet their targets. If property is under home loan , don't think bank scrutinizing carefully.
Appreaciate your efforts! Every episode gets better with new release! Just a small feedback, if you can keep rupees & lakhs/crores, instead of millions
i have worked in real estate and personally believe that housing prices especially builder societies and commercial projects will experience price crash. The best thing to buy is plots from govt. or people who bought it from govt. Builders are inflating prices and there's no point in investing or buying for yourself.
Property prices are going crazy in Bangalore 50% increase in the last 1 year. Land is infinite but people are not going to buy property 100 km away from blr. Property prices are always appreciated within the city center or near the proposed infra development area. Lot of factors involved to increase in property price. Location Roads Hopitals railway station Schools Colleges. Commercial activity Office space IT park near by. So many other factors.
Hey guys, just a suggestion. You can can stop doing the skits to save some production money. As the skits are not adding any value compared to the real content. Btw love the videos though.
Buying House is an emotional decision if it's where an individual wants to reside with his/her family. You just can't quality or quality under good or bad decision, if it makes you feel happy go for it
Ma'am, there is no city known as Bombay nowadays, it's Mumbai! And, thanks for the info! But purchasing a property under development is more risky than the builder taking risk on some new land! Reason: RERA is useless. Banks even after checking the papers are a part of nexus of the builders and ultimately the common man suffers!
He can afford a house any day he wants. Not buying a house supports his brand image as he can showcase that buying stocks is better than buying a home. What works for him may not necessarily work for you. Assess your situation and work accordingly
I gotta comment this time. Your actual content is priceless. That's the reason I subscribed. But the short funny clips that you add makes me want to either forward or skip the whole video altogether. I don't know the reason you put these clips in between but it's my opinion to either remove them completely, or add something else. Other than that, I absolutely love your research and the actual content. Keep making more!
In Pune, even the outskirts where there is thin population, many project launch is happening as a villa and plot system and they are charging 1.5 to over 2 cr. Sometimes I feel that it’s only because many politicians are in this game that even lands which could be too cheap are expensive. And thing is that they hold these properties for long because they know that what they are charging and if buyers come even after 2-3 years as well, then also they are in profit.
All of it is false : 1. Imagine the traffic in Bangalore if the FSI is 25. 2. Imagine the water issues in Chennai if the FSI was 25 3. Imagine the number of failed buildings in Mumbai if FSI was 25. You can't compete Mumbai to Shanghai, it's false equivalence of ridiculous proportions.
I stay in house with a rent of Rs 50000 ,now think if i pay same amount for forty years . The house will be mine . I can get all my moneyback by selling it .And living with freedom.
just a suggestion guys, try and keep the bgm on the lower side. the bgm is a blocker when I try to watch the video at 1.5x or higher. also, keep up the good work!
There are multiple flaws in what Mr Kamath said, 1) The more you move outside the city, you are primarily converting agricultural land into residential. Which would hurt everyone directly as eventually less produce will lead to increase cost of food n other produces. 2) while investing in Appartment is not always a good investment, increase in prices depend area to area. 3) Also prices of flat after a point starts depreciating depending upon construction quality and maintenance of flat as well as building or society. 4) compared to that buying a piece of land is eventually gonna appreciate always. Also as when required it could always be reconstructed and converted to commercial uses depending upon needs of area. 5) whereas black money is considered this is just a socialist point of view far from realty. To eradicate the same a more practical approach is all land should be government leased for a specified period after which property could be redeveloped with a greater FSI and keep a further check on expansion of cities.
time has changed so fast that even the top CEO of company who are billionaires are coming to collaborating with content creators who have less money as compared to them but have more social currency from them....but hats off to the dedication creativity level and consistency of a aevy TV...learning a lot from you guys
He’s missing 1 major issue in renting v/s buying: nakhre of landlords, increasing rent every year & looking to shift to new places every few years due to rent/ other landlord issues
Biggest issue I have with renting is what will one do post retirement? Without pension, one cannot afford rent and to move if owner asks you to. Renting is not all today as these kind of videos make it out to be.
As an area starts to develop the rent and the prices of properties around automatically start to raise, or it's a loss for the land owner especially in a rapidly developing area like somewhere in the outskirts of the urban city
He can afford to buy a house at any point of life but the young middle/low class people wont be in their 40s as they would have a lot of dependents in family. Also if he is not seeing property appreciating in his area that does not mean the entire country is like that. Talk to anyone in Bangalore, Gurgaon, Jever or Noida, prices has been increasing like 15-20 % every year.
This is now at next level, all billionaires don't own home is like a joke of the year.. this kind of philosophy comes to mind after they all settle up their life first and thinking to settle their extra money and then thinking not to own new house and rather rent it. They do already have lots of properties or invested and they told this philosophy to normal peoples. BEWARE :: ALERT atleast one home must be there for you or your family where no body kicks you or your family out anytime. if you own 2 or more then above video will be helpful.
Nikhil Kamath runs a stock brokerage firm, obviously, he'll recommend stocks over real estate! being the most prominent brokerage firm, they will have the benefit.
Every one enjoying and liking this video will be eventually buying a house . I had the same thought process 10 yrs back, paid 40 k rent for a big white house kinda house in North Delhi. One disagreement between the owner and me over parking was enough for me to realise the importance of owning a house.
There are 000s of apartments in Bangalore that have legal issues and also hand been financed by leading banks and also cleared by lawyers. A buyer has to be aware of all the legal requirements and not rely on banks and lawyers
This is an amazing concept of passing on the message via full skit , this concept helps us to understand the content more in dept. Kudos to the Varun bhai and team ❤❤
Anyone who believes renting is better than buying in the long run...you better get ready to struggle lifelong don't compare yourself to billionaires..stop following UA-cam videos for life decisions..buy a house which you can afford. The issue is people want to buy things they can't afford but surely get a house very important...life isn't run on an excel sheet
Very informative video. However, I think there's a conflict of interest when someone like Nikhil Kamath (who owns a stock brokerage firm) is brought in to speak about the real estate market. Someone from the real estate market or someone neutral would make more sense as there's no way Nikhil Kamath is going to publicly say that the real estate market is a good idea.
I live in a small town in Assam. There the prices have risen higher than many big cities, even metros. This happened just because people use it as a way to turn their black money into white
Nikhil kamath has an agenda. He wants more people to invest in stocks which indirectly benefits him. Although I believe one should have diversified investment Real estate 70% 10-15 % gold 10-15 % stocks Rest in FD.
I understand its much better to rent for an average Indian and they should rent, but for someone like Nitin who can easily afford atleast a 10cr house without feeling a pinch in his pocket it doesn’t make any sense and its a stupid flex from him. If you can easily afford it then why not buy it since house is actually a necessity and no matter how logical you get your house is your house and its not a depreciating asset like a car, you at least earn 3% increment. Think of it as a debt investment
it's actually the other way around. People buy the property knowing FSI is limited. If FSI is increased, it generally DROPS value of land because it solve the "finite land" problem. This is why no one in India is increasing FSI.
@@motog-rocks6544 I m talking from the perspective of builders, the land wherein they could have build 5x the floors which they are building currently would have resulted building more and more flats, commercials which is great for builder's itself yeah price might have dropped because of high supply but if you take other countries example even with high FSI the property market is growing at stable rate.
@@motog-rocks6544 and other countries see India building horizontally rather than building vertically, building more and more horizontally spreading out your cities costs more road development, connectivity issues, and many more issues. Even with the FSI limitations Mumbai seems to be a world class city just imagine not having those FSI limitations, India would have already developed a high world class infrastructure in terms of residencial space.
FSI limit is there because unlike other countries, the road, water and sewage infrastructure do not increase as number of houses increases. If FSI is not restricted, everyone will build 25 floor houses in 1200 sq ft with narrow approach road and no sewage/ water connection. You can always debate that infra should increase, but common infra does not increase in India as easily and that is the fact.
But atleast the people who are holding the property will be pushed to renting it out as they would be losing money if they just held it. Overall this would heavily increase the supply of houses available for rent and reduce rent more than increase it.
It's so sad that today's youth defame the name of Mr mba chaiwala in every video and mock him by different names.....it just hurts....hurts to see why he's not hurting Hahahahahahaa 🤣🤣🤣🤣 Aevy is a vibe Please reply me because whenever I comment I only get heart as if a bot is doing this.
Mr Kamath has advised a basic economic error of increasing the property tax to 1 percent of its value per year. This will immediately increase the rental values of our houses by multiple folds. Now our land values are close to those of manhattan, in future our rents will be more than that of Manhattan if property tax increases
Don’t believe this video. Anyone who can afford to own a house should buy it. Your family will have a backbone for support. No excel sheet calculation can replace the peace of mind and stability you get by having your own roof above your head.
Can I make a suggestions as a well wisher for your channel! Please STOP these 'Acts' in the middle of the videos, your content is good enough and does not need these. For me it not only decreases engagement with your content but also causes severe disturbance suddenly in the flow of the video. I understand your urge to make the content humorous, but let me tell you 99% of the times they do not feel so and makes it look like incredibly forced and premature at the same time. One in the middle or two at the beginning and end can be sufficient if you feel these to be included. But please try not to include them if they are not actually Humorous or increases content engagement. But it's just suggestion of one man at the end of the day. Your analytics may say otherwise.
No buying is still better, don't listen to them.. Prices of New flats are always higher than they were 10 years back... And rent will also increase. Rents may not increase every year,but in every 5-6 years,rents are seen a cumulative rise... So buying is the best option in long run.. If possible buy near the outskirts.. in future it will be developed,so struggle for a few years may be 10
Amazing video! But I would differ on the increase in house prices in Mumbai. In South Bombay, the rent of apartments got an average hike of 20%. This was even covered by a money control article.
Rents have shot up due to the end of WFH in many industries and due to the fact that younger generation is opting for rent instead of buying. Property prices are actually stagnant, you are hit with the reality when you put your house for sale. Only builders inflate their prices for their new projects, their rates are far higher than the market reality.
In a community post when Aevy asked whom to invite in the next episode, I chose BILLIONAIRE and commented Nikhil Kamath's name And here we go......They did the same. Thanks Aevy Team ☺️✔️💕
Always do the opposite of what the financial gurus tell you to do. If they want you to rent, buy it. If they want you to buy, rent it. You can easily build your own house for 40lakhs in tier 2 or 3 cities. No need to live in a disgusting city.
Just thought the community post was a joke, but then an actual billionaire appeared. I see from this, the amount of effort you guys put in is incredible and unimaginable for a common man like me.Keep creating,Cheers!!!
The Sole reason of lower FSI is that, if government gives permission to build 20-30 floors, only a handful of companies will remain in the real estate market like Godrej, DLF, Ember etc. Small real estate developers might not have that amount of cash in hand to produce 20-30 floor buildings but they do create huge amount of job opportunities for labour class. This is why government can't do that
That’s a great insight.This is the side of the story they should have also looked into while making this video. Not to takeaway from anything that Achina has stated as facts in the video.
Point 1:Even if fertility rate has dropped the life span of an average indian has increased, more nuclear families, any developing nation has not seen average property reduce in price. Point 2: Rental yields are 2-3%. Land value has appreciated over 7-8%. Total appreciation = 10% and lesser risk than stocks. Makes sense that Nikhil Kamath wants people not to buy so they buy stocks.
Everything can't be measured in Excel sheets and no matter how many good financial decisions one make, death is inevitable. Home provides a sense of security and peace. Among finest things money can buy. So if you can afford to comfortably buy a home, buy a home.... And I hope Nitin kamat uses Uber for transportation and doesn't own any car cause car too is an depreciating asset
Here in Mumbai the price of houses has leaped 10 times compared to what they were 20 years ago. The same flat that costs 1 to 1.5 crore today for a 1BHK use to cost around 10-15 lakhs 20 years ago.
Ya that time my family bought 3 houses. Now I can't even buy one in Mumbai. I'll buy in usa or Europe. Cuz their houses are cheaper than mumbai now. And most mumbaikars doing same thing now.
It's an age-old debate, and although I was interested in the topic this video is incredibly immature and misleading. The video contains a bunch of frustrated people who don't have the capacity to buy a property but trying to justify themselves and others. For someone who doesn't have a house at all in Cities they have to invest on a yesterday basis, their rent could have been used as the premium against the house loan! One just has to be smart enough to identify the right location for their investment. Another issue with the video is its cliche towards society. Showing some professions in an extremely bad light. Why is it cool to show property brokers, developers, businessmen, and police as villains all the time? Let me tell you, developers are the bigger reason for the better quality of life Indians are getting in today's times! Can we have in writing from Nikhil Kamath that he doesn't own any property? or all he has is a rented facility/facilities? I bet on it because HE won't! Please be responsible UA-camrs guys a lot of people need help with these issues, dont scam or confuse them if you really have no solution!
Mumbai have skyscrapers. It actually have 5th largest numbers of skyscrapers in the world. 150m+. And many more are under construction. Mumbai currently actually a large construction site. Also Mumbai don’t have just FSI of 2. Depending on location, it can goes upto 5. Some builders also got fsi upto 12 after paying premium.
Mumbai is third world city if you compare with other Asian cities like Singapore, Hong Kong, Dubai, etc. Despite being financial capital of India and home of Bollywood.
Scenario 2 is half researched.. many factors are brought in conveniently and considered as static.. it is never a text book scenario.. ideal way is to take the real estate business as a case study and then put up scenarios/perspectives from both sides.. Also, genuinely Mr. Nikhil Kamath has to do more findings on appreciating properties then finding distress sale on Google.. after all he too is a broker
For Middle class indians having a "apna ghar" brings a lot of stability and psychological satisfaction.. For billionaires,they just can just build a house on any day they want! For middle class,it isn't the case... Prices are gonna increase, especially in big cities,more more youth are gonna migrate here as time passes.. there are hardly good jobs in Tier 2 cities.. So better buy a house,(if possible buy a plot ,even if you can't construct a house).. Because plot is limited... Flats can build and delapidated,but plot always remains
She is just telling all the information that my 10th pass uncle knows "in english and sophisticated terminology" and running his property business successfully.
THANK YOU! I thought I was the only one facing this issue. But If you dream about buying a plot and building your own House in India, IT IS A COMPLETE NIGHTMARE! You have to grease palms left, right and Center and even after that you might not be able to build your dream house. Encroachment is another disturbing issue! You might find a nice piece of land and even be able to Build your house but the next thing you know there is encroachment and Shanty's cropping around the house making the entire locality go dowhill! But this is at least a start considering people are understanding the problem. Kudos to you.
Renting a house at 2-3 percent of property value is not so true in practice. I was paying over 3% including maintenance charges while renting an apartment. On top of that 10% increase in rent on a yearly basis creeps in which causes it to go over 4% in a couple of years. This advice doesn't sound practical for most people with an average income.
4:14 you can’t compare apples and oranges. When it came to skyscrapers numbers you compared it with Shanghai, NYC but when it came to floor space you are comparing to a prison. - NYC, Paris, Hong Kong etc are notorious for tiny apartment, just like that Mumbai also has some - most prisons are really outside, especially US that is 3rd largest country in the world in terms of area. - outside of downtown no US city has a skyscrapers, it’s really flat in that terms - lastly having so many floors will also be a drain on water and other resources. LA and California is already seeing huge water problems So when you compare the same things for every parameter.
Property prices are proportional to the facilities available around the property . Facilities involve schools,colleges, hospitals ,infrastructure,metro, transportation,job opportunities,companies. There’s a township project at some distance . They used to sell at Rs.2000/sq.ft at launch 10 years ago but now the rate is Rs.7000/sq.ft in that area because no inventory available now. They launched new project nearby it at Rs.6000/sq.ft now. It’s now seller’s but buyers also offer exorbitant prices to acquire a property.
I have inherited my father's house in Noida this year. We bought it 2011. Price of the house has increased after metro connectivity but after that it is same.
Just completed the video and it's amazing. I understand it's long already but I really hope you can make a part 2 for this video and talk about the following:
1) Excess inventory aka projects completed but unable to sell.
2) Builder defaults - Builders with excess inventory taking up more and more projects and get stuck in a loophole and finally default.
3) Importance of RERA
4) How making registration tax negligible (as close as zero) will reduce black money combined with higher property taxes.
5) Break-up of construction cost vs land cost to show how construction cost is actually negligible and the main blackmoney goes towards land cost.
I was wondering why owner of Zerodha is collaborating on this video. Then I get it. If someone buys a house, they won’t have enough liquidity to put money in share market. And guess who loses on it. Exactly! Pure marketing genius by Zerodha 😂
Innovative sponsored video 🔥💯
He doesnt even market his own business
@@vfr45rfv he is doing the interview in his office space. He is advertising True Beacon.
You are smart on this point
@@vfr45rfv wrong. You know finfluencers shill affiliate links to open demat accounts. Guess who pays them.
Renting is always better if you want to live in a city, while buying is always better if you want to invest in a developing area.
everyone buys homes when you have money
@@fwefhwe4232 exactly
Underrated comment
nikhil kamath: i rent a house
*reality: this liar owns a 7000 sft house
Don't call him liar; likely his company is paying a rent to a company which is owned by a group company.
I just noticed a Funny and Fabulous Point here by just checking the Thumbnail or Title.
Overall message of the Video is don't buy a House instead Invest this money at other Places instead of Real Estates.
People will save more, invest more, but where?
In Stock Market and Zerodha is the King when if comes to Stock Market investing, which is Founded by Nikhil Kamath and Nithin Kamath.
That's is why Nikhil Kamath collaborate for this Video ✌️🤝🙌
Ese hi nahi Billionaire ban jate bhai 😂
1000 IQ😱
@Atul Anand 🤝🙌
@@YashVarshan Thanks Brother 🙌🙏
That's what Nikhil Kamath was there for.
crazyy 200 iq🤯🤯
The only billionaire who defeated vishy anand in a chess match.
Edit: No hate to anyone. I wrote this sarcastically, didn't expect the likes and replies.
😂😂😂
by using the computer simultaneously, mention it too. 🙄
The only billionaire who used AI to defeated vishy Anand in a chess ♟️ match
By cheating
Forgot to add "using stockfish"
I (M 25) bought a property that is approx 12km away from the city. My dream home is about to finish and we will be moving there in January or February, maybe. I got it in very sasta and now the place has started developing (lol to new owners).
I don't know why im sharing it here but bross you can learn.
What do u work
Mohak made a very good video on it too please ab hatrick kardo and mohak ke saath collab kardo pakka 300k+ before year end I know n always root for you guys and u will touch it !! And nice way to show varuns normal hair in wedding pics and not chapri phase 😂😂😂😂😂😂 also varun ne sabke baal ka bharta kardiya for videos what man !!
🤣😂😂😂😂
Mohak is biased in political videos
4:27 Again MBA Roasted 😂
And Idea of This would have definitely came into the mind of None Other Than
"Varun Mayya"
I work in financial advisory sector. And right now, since the last 2 years, real estate is going up like crazy. And maybe one ceo is not buying, but most rich people are investing heavily in RE either directly through properties or through REITs or other funds. A good apartment in Gurgaon Golf course road costs an average 7-10 crores right now.
Nikhil Kamath’s deep fake is so close to the real guy!!!!! 😅
Next video . Why billionaires don't eat food to beat inflation 🙂. Kudos to Varun sir and their team 👍🏻
True 🤣
Please keep in mind , Bank managers are in hurry to lend loan and meet their targets. If property is under home loan , don't think bank scrutinizing carefully.
SBI Home Loan is the answer
Appreaciate your efforts!
Every episode gets better with new release!
Just a small feedback, if you can keep rupees & lakhs/crores, instead of millions
Yesterday saw a video FSI and today you guys made it man it's crazy how the production is. I can bet on this channel for next 10yr
In 1970 grandfather purchased land for 500 and built house for less than 50k in 1980 where my father's schooling ages and now it's 3cr
i have worked in real estate and personally believe that housing prices especially builder societies and commercial projects will experience price crash. The best thing to buy is plots from govt. or people who bought it from govt. Builders are inflating prices and there's no point in investing or buying for yourself.
Editing & production quality just 🔥
Property prices are going crazy in Bangalore 50% increase in the last 1 year. Land is infinite but people are not going to buy property 100 km away from blr. Property prices are always appreciated within the city center or near the proposed infra development area.
Lot of factors involved to increase in property price.
Location
Roads
Hopitals railway station
Schools
Colleges.
Commercial activity
Office space IT park near by.
So many other factors.
Using NFTs to explain real estate! We have come a long way as a civilization 😂
Many times buyers insists for cash compound, as it will reduce the stamp duty amount.
Hey guys, just a suggestion. You can can stop doing the skits to save some production money. As the skits are not adding any value compared to the real content. Btw love the videos though.
Actually mumbai stands 5th in the world in number of skyscrapers and stands 4th in the world in number of skyscrapers under construction.
Buying House is an emotional decision if it's where an individual wants to reside with his/her family. You just can't quality or quality under good or bad decision, if it makes you feel happy go for it
Taking loan because bank will check the property papers on your behalf is a misguided advice.There are still chances that the land is illegal
Superb Video as always, I just hope i could be able to research at this level and become a content creator one day.
Explained in an detailed easy manner actual info starts at from CEO Conversation 👍👍
Ma'am, there is no city known as Bombay nowadays, it's Mumbai!
And, thanks for the info! But purchasing a property under development is more risky than the builder taking risk on some new land! Reason: RERA is useless. Banks even after checking the papers are a part of nexus of the builders and ultimately the common man suffers!
I really appreciate the efforts that went into making such an informative video. totally loved the presentation by Achhina.
He can afford a house any day he wants. Not buying a house supports his brand image as he can showcase that buying stocks is better than buying a home. What works for him may not necessarily work for you. Assess your situation and work accordingly
Is no one gonna propose public housing? Weird that the focus seems to be on India only when it is a global issue
I gotta comment this time. Your actual content is priceless. That's the reason I subscribed. But the short funny clips that you add makes me want to either forward or skip the whole video altogether.
I don't know the reason you put these clips in between but it's my opinion to either remove them completely, or add something else.
Other than that, I absolutely love your research and the actual content.
Keep making more!
In Pune, even the outskirts where there is thin population, many project launch is happening as a villa and plot system and they are charging 1.5 to over 2 cr. Sometimes I feel that it’s only because many politicians are in this game that even lands which could be too cheap are expensive. And thing is that they hold these properties for long because they know that what they are charging and if buyers come even after 2-3 years as well, then also they are in profit.
I really liked the video but 1 thing I didn't like was that you said Bombay instead of Mumbai plz respect the people of Maharashtra
All of it is false :
1. Imagine the traffic in Bangalore if the FSI is 25.
2. Imagine the water issues in Chennai if the FSI was 25
3. Imagine the number of failed buildings in Mumbai if FSI was 25.
You can't compete Mumbai to Shanghai, it's false equivalence of ridiculous proportions.
problem with you is that you want facilities of DLF type builder in centre of the city but you are willing to pay prices of local builder
Just to remind you guys...Zerodha Gambit is one of the best way to play Chess
I stay in house with a rent of Rs 50000 ,now think if i pay same amount for forty years . The house will be mine . I can get all my moneyback by selling it .And living with freedom.
Video in English and skits in Hindi!
Who is your target audience?
just a suggestion guys, try and keep the bgm on the lower side. the bgm is a blocker when I try to watch the video at 1.5x or higher. also, keep up the good work!
Your videos are very informative. thanks for doing such an outstanding work!!!
Not everyone lives in Bombay, where flat cost is way higher. We can buy home in other cities and live happily
There are multiple flaws in what Mr Kamath said,
1) The more you move outside the city, you are primarily converting agricultural land into residential. Which would hurt everyone directly as eventually less produce will lead to increase cost of food n other produces.
2) while investing in Appartment is not always a good investment, increase in prices depend area to area.
3) Also prices of flat after a point starts depreciating depending upon construction quality and maintenance of flat as well as building or society.
4) compared to that buying a piece of land is eventually gonna appreciate always. Also as when required it could always be reconstructed and converted to commercial uses depending upon needs of area.
5) whereas black money is considered this is just a socialist point of view far from realty. To eradicate the same a more practical approach is all land should be government leased for a specified period after which property could be redeveloped with a greater FSI and keep a further check on expansion of cities.
mfw Nikhil Kamath in an Aevy TV vid💀💀💀💀💀
The FSI bit looks copied from The B1M's video ("Why India doesn't build skyscrapers") that came out 2 weeks ago.
FSI is the main reason. There’s no copying - all videos identifiying the real estate problem are about FSI
This is the first video where an NFT is being used as the relatable explainer in the analogy.
time has changed so fast that even the top CEO of company who are billionaires are coming to collaborating with content creators who have less money as compared to them but have more social currency from them....but hats off to the dedication creativity level and consistency of a aevy TV...learning a lot from you guys
He is making his name/face brand
Which is good
Dude Varun Mayya is millionaire himself
Bhai aap Varun ko nahin jante shayad
@@ziasmailbox well he is an entrepreneur
Damn how the times have changed
Earlier people used to explain NFT with example of real estate, now we explain real estate with the example of NFT
That's what I was thinking! 😂
😂
@@yashxgx
face-green-smilingface-green-smilingface-green-smiling. How did u get this?
@@yashxgx what how did you get this emoji
He’s missing 1 major issue in renting v/s buying: nakhre of landlords, increasing rent every year & looking to shift to new places every few years due to rent/ other landlord issues
Biggest issue I have with renting is what will one do post retirement? Without pension, one cannot afford rent and to move if owner asks you to. Renting is not all today as these kind of videos make it out to be.
@@Whatreally123by then if you are not a billionaire then it's a waste of life time .
As an area starts to develop the rent and the prices of properties around automatically start to raise, or it's a loss for the land owner especially in a rapidly developing area like somewhere in the outskirts of the urban city
He can afford to buy a house at any point of life but the young middle/low class people wont be in their 40s as they would have a lot of dependents in family. Also if he is not seeing property appreciating in his area that does not mean the entire country is like that. Talk to anyone in Bangalore, Gurgaon, Jever or Noida, prices has been increasing like 15-20 % every year.
This is now at next level, all billionaires don't own home is like a joke of the year.. this kind of philosophy comes to mind after they all settle up their life first and thinking to settle their extra money and then thinking not to own new house and rather rent it.
They do already have lots of properties or invested and they told this philosophy to normal peoples.
BEWARE :: ALERT
atleast one home must be there for you or your family where no body kicks you or your family out anytime.
if you own 2 or more then above video will be helpful.
Nikhil Kamath runs a stock brokerage firm, obviously, he'll recommend stocks over real estate! being the most prominent brokerage firm, they will have the benefit.
Also he can expense his rent out as ceo quarters.
Lmao @@princeofheaven19
Real estate is getting so convoluted and corrupted that buying a house or a piece of land is incredibly stressfull. Good video really engaging
Every one enjoying and liking this video will be eventually buying a house . I had the same thought process 10 yrs back, paid 40 k rent for a big white house kinda house in North Delhi. One disagreement between the owner and me over parking was enough for me to realise the importance of owning a house.
💯
True Bro.
There are 000s of apartments in Bangalore that have legal issues and also hand been financed by leading banks and also cleared by lawyers. A buyer has to be aware of all the legal requirements and not rely on banks and lawyers
This is an amazing concept of passing on the message via full skit , this concept helps us to understand the content more in dept. Kudos to the Varun bhai and team ❤❤
faxx
Anyone who believes renting is better than buying in the long run...you better get ready to struggle lifelong don't compare yourself to billionaires..stop following UA-cam videos for life decisions..buy a house which you can afford. The issue is people want to buy things they can't afford but surely get a house very important...life isn't run on an excel sheet
Very informative video. However, I think there's a conflict of interest when someone like Nikhil Kamath (who owns a stock brokerage firm) is brought in to speak about the real estate market.
Someone from the real estate market or someone neutral would make more sense as there's no way Nikhil Kamath is going to publicly say that the real estate market is a good idea.
I live in a small town in Assam. There the prices have risen higher than many big cities, even metros. This happened just because people use it as a way to turn their black money into white
Its the only correct answer. FSI and others are nothing atleast this time.
We were missing MBA skits in many videos
Now finally having some nostalgia ☺️
Please enlighten me as to what MBA stands for.
@@IdOnThAvEaUsE69 It stands for Master of Business Administration
@@Shashank_ssm I'm grateful for your reply. Again, thanks a lot.
Nikhil kamath has an agenda.
He wants more people to invest in stocks which indirectly benefits him.
Although I believe one should have diversified investment
Real estate 70% 10-15 % gold
10-15 % stocks
Rest in FD.
I understand its much better to rent for an average Indian and they should rent, but for someone like Nitin who can easily afford atleast a 10cr house without feeling a pinch in his pocket it doesn’t make any sense and its a stupid flex from him. If you can easily afford it then why not buy it since house is actually a necessity and no matter how logical you get your house is your house and its not a depreciating asset like a car, you at least earn 3% increment. Think of it as a debt investment
its because he might still be sure of the city hell stay in long term, 10 years ? may be 12 ?
just imagine the amount of losses Indian developers are facing just because of FSI limitations in India.
it's actually the other way around. People buy the property knowing FSI is limited. If FSI is increased, it generally DROPS value of land because it solve the "finite land" problem. This is why no one in India is increasing FSI.
@@motog-rocks6544 I m talking from the perspective of builders, the land wherein they could have build 5x the floors which they are building currently would have resulted building more and more flats, commercials which is great for builder's itself yeah price might have dropped because of high supply but if you take other countries example even with high FSI the property market is growing at stable rate.
@@motog-rocks6544 and other countries see India building horizontally rather than building vertically, building more and more horizontally spreading out your cities costs more road development, connectivity issues, and many more issues. Even with the FSI limitations Mumbai seems to be a world class city just imagine not having those FSI limitations, India would have already developed a high world class infrastructure in terms of residencial space.
FSI limit is there because unlike other countries, the road, water and sewage infrastructure do not increase as number of houses increases. If FSI is not restricted, everyone will build 25 floor houses in 1200 sq ft with narrow approach road and no sewage/ water connection.
You can always debate that infra should increase, but common infra does not increase in India as easily and that is the fact.
@@Debraj1978 Totally agree
The burden 1% tax on properties which he proposed will be eventually transferred on to the tenants by increased rent prices
But atleast the people who are holding the property will be pushed to renting it out as they would be losing money if they just held it. Overall this would heavily increase the supply of houses available for rent and reduce rent more than increase it.
It's so sad that today's youth defame the name of Mr mba chaiwala in every video and mock him by different names.....it just hurts....hurts to see why he's not hurting Hahahahahahaa 🤣🤣🤣🤣
Aevy is a vibe
Please reply me because whenever I comment I only get heart as if a bot is doing this.
Mr Kamath has advised a basic economic error of increasing the property tax to 1 percent of its value per year.
This will immediately increase the rental values of our houses by multiple folds. Now our land values are close to those of manhattan, in future our rents will be more than that of Manhattan if property tax increases
rents might increase but buying a house might get cheaper.
Dude why are we still calling Mumbai as Bombay? I know for people leaving outside Maharastra, it's cool. But for us, it just fucking hurts 😭
Don’t believe this video. Anyone who can afford to own a house should buy it. Your family will have a backbone for support. No excel sheet calculation can replace the peace of mind and stability you get by having your own roof above your head.
Can I make a suggestions as a well wisher for your channel!
Please STOP these 'Acts' in the middle of the videos, your content is good enough and does not need these. For me it not only decreases engagement with your content but also causes severe disturbance suddenly in the flow of the video. I understand your urge to make the content humorous, but let me tell you 99% of the times they do not feel so and makes it look like incredibly forced and premature at the same time. One in the middle or two at the beginning and end can be sufficient if you feel these to be included. But please try not to include them if they are not actually Humorous or increases content engagement.
But it's just suggestion of one man at the end of the day. Your analytics may say otherwise.
No bro this makes the video more interesting to watch and easy to understand
@@arb_5 okk.. maybe I'm different 😄
@@dipayanneogi7565 yeah unexpectedly 🥱
No buying is still better, don't listen to them..
Prices of New flats are always higher than they were 10 years back...
And rent will also increase.
Rents may not increase every year,but in every 5-6 years,rents are seen a cumulative rise...
So buying is the best option in long run..
If possible buy near the outskirts.. in future it will be developed,so struggle for a few years may be 10
Amazing video! But I would differ on the increase in house prices in Mumbai. In South Bombay, the rent of apartments got an average hike of 20%. This was even covered by a money control article.
Rents have shot up due to the end of WFH in many industries and due to the fact that younger generation is opting for rent instead of buying. Property prices are actually stagnant, you are hit with the reality when you put your house for sale. Only builders inflate their prices for their new projects, their rates are far higher than the market reality.
In a community post when Aevy asked whom to invite in the next episode,
I chose BILLIONAIRE and commented Nikhil Kamath's name
And here we go......They did the same.
Thanks Aevy Team ☺️✔️💕
Video starts at 13:00
Always do the opposite of what the financial gurus tell you to do. If they want you to rent, buy it. If they want you to buy, rent it.
You can easily build your own house for 40lakhs in tier 2 or 3 cities. No need to live in a disgusting city.
Just thought the community post was a joke, but then an actual billionaire appeared. I see from this, the amount of effort you guys put in is incredible and unimaginable for a common man like me.Keep creating,Cheers!!!
The Sole reason of lower FSI is that, if government gives permission to build 20-30 floors, only a handful of companies will remain in the real estate market like Godrej, DLF, Ember etc. Small real estate developers might not have that amount of cash in hand to produce 20-30 floor buildings but they do create huge amount of job opportunities for labour class. This is why government can't do that
That’s a great insight.This is the side of the story they should have also looked into while making this video. Not to takeaway from anything that Achina has stated as facts in the video.
Point 1:Even if fertility rate has dropped the life span of an average indian has increased, more nuclear families, any developing nation has not seen average property reduce in price.
Point 2: Rental yields are 2-3%. Land value has appreciated over 7-8%. Total appreciation = 10% and lesser risk than stocks.
Makes sense that Nikhil Kamath wants people not to buy so they buy stocks.
Zerodha founder indirectly saying: I want you hold stocks rather than piece of land or apartments. Seems biased to me
Everything can't be measured in Excel sheets and no matter how many good financial decisions one make, death is inevitable. Home provides a sense of security and peace. Among finest things money can buy. So if you can afford to comfortably buy a home, buy a home....
And I hope Nitin kamat uses Uber for transportation and doesn't own any car cause car too is an depreciating asset
Here in Mumbai the price of houses has leaped 10 times compared to what they were 20 years ago. The same flat that costs 1 to 1.5 crore today for a 1BHK use to cost around 10-15 lakhs 20 years ago.
Ya that time my family bought 3 houses. Now I can't even buy one in Mumbai. I'll buy in usa or Europe. Cuz their houses are cheaper than mumbai now. And most mumbaikars doing same thing now.
It's an age-old debate, and although I was interested in the topic this video is incredibly immature and misleading.
The video contains a bunch of frustrated people who don't have the capacity to buy a property but trying to justify themselves and others. For someone who doesn't have a house at all in Cities they have to invest on a yesterday basis, their rent could have been used as the premium against the house loan! One just has to be smart enough to identify the right location for their investment. Another issue with the video is its cliche towards society. Showing some professions in an extremely bad light. Why is it cool to show property brokers, developers, businessmen, and police as villains all the time? Let me tell you, developers are the bigger reason for the better quality of life Indians are getting in today's times!
Can we have in writing from Nikhil Kamath that he doesn't own any property? or all he has is a rented facility/facilities? I bet on it because HE won't!
Please be responsible UA-camrs guys a lot of people need help with these issues, dont scam or confuse them if you really have no solution!
Hey Varun & Team, I felt that the background music is little loud actually. or is it just me? :)
AS EXPECTED BEST VIDEO FROM YOU GUYS 👏 ❤️ CLAP FOR YOU GUYS
Mumbai have skyscrapers. It actually have 5th largest numbers of skyscrapers in the world. 150m+.
And many more are under construction. Mumbai currently actually a large construction site.
Also Mumbai don’t have just FSI of 2. Depending on location, it can goes upto 5. Some builders also got fsi upto 12 after paying premium.
Mumbai is third world city if you compare with other Asian cities like Singapore, Hong Kong, Dubai, etc. Despite being financial capital of India and home of Bollywood.
Scenario 2 is half researched.. many factors are brought in conveniently and considered as static.. it is never a text book scenario.. ideal way is to take the real estate business as a case study and then put up scenarios/perspectives from both sides.. Also, genuinely Mr. Nikhil Kamath has to do more findings on appreciating properties then finding distress sale on Google.. after all he too is a broker
You guys are gem, continue to make such videos.
For Middle class indians having a "apna ghar" brings a lot of stability and psychological satisfaction..
For billionaires,they just can just build a house on any day they want!
For middle class,it isn't the case...
Prices are gonna increase, especially in big cities,more more youth are gonna migrate here as time passes.. there are hardly good jobs in Tier 2 cities..
So better buy a house,(if possible buy a plot ,even if you can't construct a house)..
Because plot is limited... Flats can build and delapidated,but plot always remains
Oh it's nikhil kamath.... A cheater so petty that he would even cheat against Anand in a charity chess... Yeah i m not taking his word for anything
She is just telling all the information that my 10th pass uncle knows "in english and sophisticated terminology" and running his property business successfully.
We have reached the era where NFT is used as an analogy to explain real estate 😅
THANK YOU! I thought I was the only one facing this issue. But If you dream about buying a plot and building your own House in India, IT IS A COMPLETE NIGHTMARE! You have to grease palms left, right and Center and even after that you might not be able to build your dream house. Encroachment is another disturbing issue! You might find a nice piece of land and even be able to Build your house but the next thing you know there is encroachment and Shanty's cropping around the house making the entire locality go dowhill!
But this is at least a start considering people are understanding the problem. Kudos to you.
Renting a house at 2-3 percent of property value is not so true in practice. I was paying over 3% including maintenance charges while renting an apartment. On top of that 10% increase in rent on a yearly basis creeps in which causes it to go over 4% in a couple of years. This advice doesn't sound practical for most people with an average income.
Already explained by Mohak Mangal! But you guys did a great job in English!
Speaking of transparency, there is an app call Indextap. Which provides registration data of properties.
Do you guys pick up your topics from upsc questions? Upsc just asked this year urban housing crisis in upsc mains 2022
4:14 you can’t compare apples and oranges. When it came to skyscrapers numbers you compared it with Shanghai, NYC but when it came to floor space you are comparing to a prison.
- NYC, Paris, Hong Kong etc are notorious for tiny apartment, just like that Mumbai also has some
- most prisons are really outside, especially US that is 3rd largest country in the world in terms of area.
- outside of downtown no US city has a skyscrapers, it’s really flat in that terms
- lastly having so many floors will also be a drain on water and other resources. LA and California is already seeing huge water problems
So when you compare the same things for every parameter.
i am gonna make a bunker !
Property prices are proportional to the facilities available around the property . Facilities involve schools,colleges, hospitals ,infrastructure,metro, transportation,job opportunities,companies.
There’s a township project at some distance . They used to sell at Rs.2000/sq.ft at launch 10 years ago but now the rate is Rs.7000/sq.ft in that area because no inventory available now. They launched new project nearby it at Rs.6000/sq.ft now.
It’s now seller’s but buyers also offer exorbitant prices to acquire a property.
I have inherited my father's house in Noida this year. We bought it 2011. Price of the house has increased after metro connectivity but after that it is same.
Youth will challenge the norms set and make change using data and knowledge. Hope 🤞🏾
love your content. never missed your videos. thank you for all those efforts you take.