Are The Real Estate Prices Rising In India ? Here Is The Expert View
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- Опубликовано: 15 сен 2024
- #nri #nrimoneyclinic #financialplanning
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Interesting Mehta sir believes FD rates will remain high at 8 % for a decade. Bhat sir feels otherwise and opines FD rates will drop to 4 %. Somehow real estate never worked for me. Bought SJR Equinox 2 BHK 1450 sqft for 46 lacs next to Infosys Bangalore Electronic city in 2009. 20 lacs down payment with a 20 year loan of 26 lacs. After 14 years, price has only increased by 34 lacs which is the total interest that I will have to pay ICICI bank. My capital gain has been offset by bank interest. And I have to pay tax on capital gains as well if I sell. Banks also suck 80 % of the interest component during the first 13 years itself. Instead of this if I had invested in stock market my money would have pentapled during the same period. Only winner here is ICICI Bank who got paid 60 lacs for lending 26 lacs. Rental yield is just 20 thousand per month considering narayan murthys peanut salary of 25 thousand rupees to engineers which has not changed since 2 decades. And now he wants them to work for 70 hours a week !
I hear similar stories now as well, flat bought in 2015 finally appreciates in 2022-23 but the appreciation is equal to flat cost + registration + interiors + bank interest over past 7-8 years (ignoring maintenance and other sunk costs, if we add that then we'll..) : so no gain, just keeps value and that too barely..
However the real estate does provide a roof over one's head and materializes wealth (which otherwise remains in imagination in the stock market) and brings about some forced 'saving' for the indisciplined lot among us..
@@deepakabraham8831 great points mentioned by you. These apartments however get old and become liabilities. Also have to deal with politics of resident associations and petty fights between neighbors and our tenants. Stock market gives you a chance to avoid human interaction. And Stock market is more liquid than real estate to raise capital when shit happens in life.
He referred to housing loan interest . FD rates could be 2 to 3 points below that of housing loan rates
U r bang on truth😂
Cant imaging 34 lakshs of interest on 26 lakhs
Be careful investing in real estate, return of 12% cagr is far from true. In pune I get a cagr of hardly 5% on my flat invest that too at a prime location.😢
Where did you buy?In Pune only I bought a flat for around 35 laks in 2013 and now it's selling around 86 laks and another flat in 90 laks in 2020 and now it's cost around 1.3 Crores.. Real estate is very safe investment, I will continue to invest in this sector
This is a subjective topic. Some prime locations didn’t see price growth whereas some new areas have higher CAGR.
Also, if someone had sold a 2005 property during 2014-16, he could have earned a higher CAGR.
Another rule is never consider your home as an investment.
It is a form of consumption.
Try buying a piece of land if not possible buy gold don’t buy flat like these fellows are telling
if real estate cycle is 8 years one last time.then there was no such drastic increase..in these 2 years only 8 years growth has been achieved
Navi Mumbai is already price inflated .. dombivali areas looks more affordable for investment. Since it going to close with Navi Mumbai in next 2/3 years. Make sense to invest in small flats which easy to liquidate. These outskirts of Mumbai has very good potential to grow in price.
Real estate pandits are great at pumping real estate in any market. This guy is a prime example of that. 12% done deal ? LOL !!!! 😂😂😂
Time will answer .. you could be pleasantly surprised .. it is inexperience which makes it LOL, .. experienced people have already entered
@@NRIMoneyClinic Time has already answered it. Look at historical average real estate returns in India over the last 2 decades.
Experienced people may have definitely entered. The issue is these same people are presenting 'Done Deals' to inexperienced people via this platform. Not even Warren Buffett uses words like 'Done Deals' for future returns. But this Pundit does, repeatedly.
I rest my case. You guys are the experts.
It's always better to rent out than buy, off course nit factoring in the comfort and prestige issue 😅
Always listen to these experts and LOL for they know not what they are uttering. @@YogiLogic
NRI Money getting indispensable by the day! Congrats!
Try to sell a flat and u will know that whatever they were telling is far from true. Only brokers are getting rich.
Are you saying this from personal experience?
What an intelligent manner this interview was conducted,Dr chandrakanth has clearly set he bar so high, the topic has been addressed at an opportune moment and backed with highest level of evidence. Thank you sir
Worth of my time spent on this episode; thank you Mr mehta and NRI clinic
Worth Watching ...Real value for the time spent listening your shows...
Please do this interview in every 6 months sir.
Sure
Please give us link to follow Db Mehata Sir, and bring him here more frequent Sir.
Indian cabinet secretary will not able to buy legal way a 2CR(basic) 3BHK flat in Bangalore, Mumbai and Gurgaon. Cabinet secretary earning 2lacs per month after tax.
is real estate a stock market..stock market comes drastically , does real estate come down in the same way??
Just try to sell a flat ....it's a hung market....sellers holding empty flats
completely depends on location
Three things in property are important.
First is location
Second is location
and third is also location only…
Excellent video series, thank you
Will housing crisis create a price correction in india for properties???
Plz give some info on redevelopment of society as well
Excellent topic to discuss Bhat sir and Mehta sir! Keep making such informative videos.
Mumbai is saturated and property prices are stagnant
Excellent questions.Mr .Metha fully supported Builders.
Is the GST reduction..etc benefits will fit for NRI'S?
Real estate yield is increasing, 20-21 was the pivotal year from which the prices rose, then the rentals hardened in metro cities, new generation may not be able to afford multiple real estates, it's time to buy for your children, inflation will push the prices higher
Interest rate will trend downwards in long term, globally we hv seen this when the country gets richer the interest rates go down, also leverage in real estate purchase gives a higher returns
Can i convert my us dollars to buy a house and then be able to sell it and take the original dollars back without paying taxes? Meaning I converted x dollars and bought a house for x dollars in rupees, 10 years later sell for y dollars, y > x. Can I take x back without paying taxes?
Discussion is as if "Aparments/Flats" as the only real estate. No discussion on Plots/Individual houses, which is the wise way to invest your money for growth. Flats are made by big builders only to suck money from ignorant indivduals who live their whole life only to pay EMIs. Even if you have zero knowledge in economics it is better to park your money atleast in FDs (if not in Equities) instead of Flats. Even today an apartment costing 1 crore hardly yields monthly rental of 30K resulting in just 3.6% ROI which is much less than a Bank FD. If you go for homeloan, by the time your rent beats EMI, the flat would have reached its end of life due to wear and tear. 15 Years down you can't get a buyer as builders would be busy building new apartments in the same area to make money from next generation ignorant people.
Thank you guy's. Very informative. 👍
extremely informative.. Thanks
Whatever happened to Fractional Commercial Real Estate appreciation as a source for Rental Income?
Appreciate your work.. thank you.
Please guide for a commercial investment in Gurgaon..
Sir. What is the NOC fee?
Informative..Thank you
Very informative
Sir you have always stood against Real Estate investment leading your clients to High Premium Guaranteed Income plans.. suddenly U Turn? You need to make another video explaining your own position...😅
Problem is not with me , problem is in your limited understanding...you will find answers for everything if you apply mind . This is an educational channel , we talk about every opportunity which looks reasonable, has a constituency . This is a financial superbazar , you as a walk in pick up what and where you have comfort and conviction .. everyone in the world is not same as you .. diversity is the rule of nature .. this remark is with full respect for your views
My point was about Consistency in your own advice across the Videos because of the exact Super Bazaar you intent to take advantage of....and you start attacking personally 😅...
There is absolutely no personal attack, my sincere apologies, if it gave you that impression
@@dillards99The financial advisors advice. Do as I say, not as I do.
Only black money can make me rich now 😢
Very informative