Many property dealers will say they don’t deal in resale… even though there is 2% brokerage in resale (1% each from buyer/seller), and 0% brokerage in direct builder deal… meaning builder must be paying even more to dealers to catch buyers 🤔
@Anshul Gupta Builders/ Developers broker fee is usually 2 to 3% but it is not paid immediately after the deal is done. It may take a year or two to be paid to the broker.
@@bravewarrior1218 However they get some money just to get buyer in office… caller target is to bring buyer to office… sale guy target is to just convince the buyer to meet closing manager… closing manager target is to just swipe the token… that’s it, no one cares if anything is delivered or not to buyer
Yes.. Anshul… have observed that brokers prefer getting commission by telling you to put your flat on rent rather than selling your flat…it’s my experience… it’s tough to sell a flat.
For flat - monthly rent : market value =1:400 ;. If real rent is 5000 market value is 20 lakh , For home - monthly rent :market value = 1: 600; if real rent out of house is 10000 market value of house is 60 lakh ,, Rent is not what is reflected on magic brics or no broker but 2000 rs minus what is listed ,, 🙏🙏🙏 Janhit mein jari
Very righteousness man, a rare diamond in the dust. May God bless your path, and thanks for the motivation you give tigers to remain strong and righteous.
Market value depends on demand and supply. But surely not on construction cost. As flat in dadar and badlapur have same construction cost but value differs
I think seller has power only in prime location and prices are not that hyped, provided there is scarcity of other projects due ro government land nearby
Even in a prime location, there is a price ceiling. You can't sell 200 Gaj land for 1000 crore in Hauz Khas, South Delhi. So, every seller has the power to sell their land at any time as long as they are selling it at a market rate. If it is in a really shady area, then its market value is close to 0 which the seller might not be able to digest.
As per my point of view here government or honorable court should capping on these prices which is artificially made by builders. Then only situation would change for some extent. If builder violate any such law , he should be behind the bar.
Same has been case about raheja estate Borivali broker quoting price above 1cr when you come out of raheja compound there are flats with pricing of 80-90 lac so much different rates within 500 meter radius
Market value of a ready to move in flat or house must be in the range of "Annual Rent multiplied by 5 or 10(depending on the premium facilities it offers)". A very simple thumb rule anyone can follow. Also if the property is near it's lifespan of 20-25 years, again price has to be adjusted and reduced accordingly after adjusting to inflation by seeing inflation indexation chart
Sir, our society is bunglow society and is 42 years old. Some builders/ Politicians through some members are trying to take over our society through Redevelopment though not a single bunglow is dilapedated conditon. Under what law we get protection.
Aajkal resale flats mai bhi seller bhaav pakad k baithe hai. In sellers ka akad dekh k kabhi kabhi doubt hota hai ki yeh buyers market hai ya seller market hai. Koi utarne ko tayyar hi nahi hai. Kya 30 to 40% margin hai negotiation ka resale flat mai?
The buyers are not getting correct true guidelines in real estate market.. The market value is created forced on buyers. The builders are supported by political leaders and government agencies with cut commission. The resale value should be ten percent more than initial purchase price. The real estate prices go down for maintenance costs and repair costs.
Hello. Tried reaching you on phone numbers provided. We need your help on covering a matter of Navi Mumbai, Maharashtra where a reputed builder has tried Changing original layout plan (95% building completed),intentional delayed possession. We have received stay order from court. Let me know if we can connect for details. And how?
Very Brave Man, Single Handedly Facing Giant Corporate Criminal Builders.
Many property dealers will say they don’t deal in resale… even though there is 2% brokerage in resale (1% each from buyer/seller), and 0% brokerage in direct builder deal… meaning builder must be paying even more to dealers to catch buyers 🤔
its very easy to do under construction as compared to resale
@Anshul Gupta
Builders/ Developers broker fee is usually 2 to 3% but it is not paid immediately after the deal is done.
It may take a year or two to be paid to the broker.
@@bravewarrior1218 However they get some money just to get buyer in office… caller target is to bring buyer to office… sale guy target is to just convince the buyer to meet closing manager… closing manager target is to just swipe the token… that’s it, no one cares if anything is delivered or not to buyer
Yes.. Anshul… have observed that brokers prefer getting commission by telling you to put your flat on rent rather than selling your flat…it’s my experience… it’s tough to sell a flat.
For flat - monthly rent : market value =1:400 ;. If real rent is 5000 market value is 20 lakh ,
For home - monthly rent :market value = 1: 600; if real rent out of house is 10000 market value of house is 60 lakh ,,
Rent is not what is reflected on magic brics or no broker but 2000 rs minus what is listed ,,
🙏🙏🙏 Janhit mein jari
Very righteousness man, a rare diamond in the dust. May God bless your path, and thanks for the motivation you give tigers to remain strong and righteous.
Superb masterclass. This series will be incredible👍
Sir, the main scam is the ready reckoner rate. That's the main driver of declared rate and never allows for market determined rate.
RR is defined by government. It's always base price of the desired area.
Even in Hyderabad you can see big builders and their brokers hyping up the prices needlessly when smaller buildings sell at 30 % less
This channel will soon get more than 100k views. He shares his valuable experience. Amazing, appreciated, eye openers, pragmatic.
Sir you are telling reality of real estate
You are one of the most fearless youtuber ever .. gifted with immaculate and neat speaking skills 🙏🏼👍🏼 .. keep up the bold work !
Leverage is one of the greatest power you can have. Unfortunately buyers will not unite like sellers. Market should always be buyer owned market.
यही हो रहा हैं resale market मे. Resale market मे एजंट value determine karata है.
Corruption is the Basic Nature of Humans, It keeps on changing as per Situation & Surrounding.
Ultimate Negotiation skills!
very nice video sir.... thankyou for this informaion
Superb. Thank you
Sir, please make video on document to check before buying any properties & also what's the transaction process (payment, bonds, signing etc )
Sir mai apko salute karta hoo apka guide ki sabhi ko jarurat hai
You are god sent!
First.. interesting
Your big Fan ❤😊
Market value = (1 month rent *12)/0.03
Right 🎉
Sir May I know how did u arrive at this?
Please explain
@@kamal198463% annual rental income he is expecting
Yes , true .. how have come to this conclusion
Market value depends on demand and supply. But surely not on construction cost. As flat in dadar and badlapur have same construction cost but value differs
when first i saw this channel । i just became regular visitor to this channel । really great eye opening
Good morning sir,
We have decided to buy a flat in cassario for 34 lac...as an investment...will that be profitable?
I think seller has power only in prime location and prices are not that hyped, provided there is scarcity of other projects due ro government land nearby
Even in a prime location, there is a price ceiling. You can't sell 200 Gaj land for 1000 crore in Hauz Khas, South Delhi. So, every seller has the power to sell their land at any time as long as they are selling it at a market rate. If it is in a really shady area, then its market value is close to 0 which the seller might not be able to digest.
IN ONE WORD MONOPOLY IS THE CORRECT WORD . THANKS
May god protect you always.
As per my point of view here government or honorable court should capping on these prices which is artificially made by builders. Then only situation would change for some extent. If builder violate any such law , he should be behind the bar.
Same has been case about raheja estate Borivali broker quoting price above 1cr when you come out of raheja compound there are flats with pricing of 80-90 lac so much different rates within 500 meter radius
Sir is there an ideal White to Black Money ratio while buying a flat? What is the advisable ratio
Sir i am not simpthayser of builder but what about political person, BMC CUREPTIOn offers.
Learning a lot of things in the comment section.
Why action is not being taken against these cartels under the MRTP Act? Can we take action?
Sir plot par video banayiye
Builders ne price hi itna badha diya hai ki resale me accha return milna mushkil ho gaya hai.
Summarization: 17:40
Sir bank auction property mai video banaye
Market value of a ready to move in flat or house must be in the range of "Annual Rent multiplied by 5 or 10(depending on the premium facilities it offers)". A very simple thumb rule anyone can follow. Also if the property is near it's lifespan of 20-25 years, again price has to be adjusted and reduced accordingly after adjusting to inflation by seeing inflation indexation chart
But no one finds this rate. Even if monthly rent is 1 lac rupees!, so mkt value of the house shud be 1.2 cr..but it’s hardly below 3 cr..
Need a System laid solution to revive the Resale market
Sir, our society is bunglow society and is 42 years old. Some builders/ Politicians through some members are trying to take over our society through Redevelopment though not a single bunglow is dilapedated conditon. Under what law we get protection.
Hi Mr Rao , I calculate market value of the flat upon its rental income for example 1cr flat should fetch 25k per month rent.
It's only 3% return. After investing a huge amount
But 7 percent is appriacitioan for real state market growth
Aajkal resale flats mai bhi seller bhaav pakad k baithe hai.
In sellers ka akad dekh k kabhi kabhi doubt hota hai ki yeh buyers market hai ya seller market hai.
Koi utarne ko tayyar hi nahi hai.
Kya 30 to 40% margin hai negotiation ka resale flat mai?
How to check market value
🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏
The buyers are not getting correct true guidelines in real estate market..
The market value is created forced on buyers.
The builders are supported by political leaders and government agencies with cut commission.
The resale value should be ten percent more than initial purchase price.
The real estate prices go down for maintenance costs and repair costs.
I bought flat for 85 lacs in bangakore south in 2017 now its nit selling even for 75 lacs
Hello. Tried reaching you on phone numbers provided. We need your help on covering a matter of Navi Mumbai, Maharashtra where a reputed builder has tried Changing original layout plan (95% building completed),intentional delayed possession. We have received stay order from court. Let me know if we can connect for details. And how?
Hi. My nos are 9821588114 and 8169471229. You can try reaching me between 4 and 11 pm generally.
GST ke baad aur price bada
BJP government Sucks
99 acre, magicbrics kya hai fir
sir, cidco tender plot Lease hold for 60 years (Kamothe) mai resale flat lena thik hai kya, after tenure wo lease renew hota hai kya
10 saal pehle mene 28 lakhs me line me lag ke flat kharida tha aaj bhi flat mera bik raha hai 26 lakh me
Which locality?
Not possible sir .. your flat must be costing high
How to contact you
Contact details in video description
Dude u r phd in market of residential properties
Started searching flat for buy and got this video, and everything is just the same he saying
Real estate Bhailog sirf jarurat ke waste hi wasta rakho... Very worst
Stay in rent if you know this company will be my retirement place
Builders will keep on increase the prices unless idiots are buying emotionally
Sir, awas yojna me bhi topic kijie pls.