Government ko investors pe kuch limit set krna chahiye real estate investment ke liye. Ye investors ke wajah se house prices bahot badh gaye hai. Because of this houses are become unaffordable now a days.
Yes, that's a best option when possible. but it's not practically possible many times. Another option is We can ask for real feedback and reviews from people living there.
@@triptybaheti staying yourself and talking to neighbours are very different things. If you stay 11 months on rent and then buy , only 2 times your furniture will be moved but you becomes 100% sure about your decision and the feeling of moving from rent to own will all things set in a society will be awesome like maid, milkman etc
I think the build quality matters for more than 8 yrs old property. If it's well maintained and no major quality issue noticed, then that's a much better option as compared to new flat where we are not aware of it's actual condition after 8 yrs
In real estate it's location location location. With traffic jams staying in central location in key. If u have budget no in right mind prefers suburbs. People with budget will always prefer resale in developed location. Example sobo..always property prices r sky high there old or new.
There is a benefit in buying old flats, they are built with really low FSI and comes with a high land share. The price of building depreciates but the land underneath is a goldmine. You shall reap the benefits when the building goes for redevelopment in such cases.
Sahi pakde hain, inko ye nahi samjhta. Once in redevelopment the builder will give 2 flat or bigger area besides rent till the new building is ready. FSI and your ahare in 4 story society is much higher than 32 story society.
@@JaySriRamJayShriKrishna Most people don't even know the concept of UDS and believe that the value of apartment becomes zero eventually when building lifespan is over. Also a popular lie is said loudly by these finfluencers that apartments depreciate over time. When and where have apartments depreciated? Naturally old apartments are cheaper than new ones but never depreciated in long run. People don't ask basic qeustions and miss out on real estate, a time tasted asset class to compound wealth.
@@KINGMJ1990 Because Mumbai is the only city that has witnessed reconstruction of old apartment complexes. Thus, Mumbai market accounts for current FSI and UDS. Customers in other cities are yet to realize it. In a 60 yr old apartment, value of construction is absolute zero or probably even in negative. The land underneath is goldmine.
Resale flats are not cheaper any more. Sellers usually ask for the as price at which new flats are being sold as resale unit will be ready to move and for new one you might have to wait for 1-2 yrs for possession
Absolutely correct observations and information shared is very correct. Thank you for sharing everything in so much detail, it will really help homebuyers in decision making.
Thank you for the info sir. Very insightful. Quick question- Even if the resale flat/apartment is 15-20+ years old, if its in a prime location.. wouldn't other builders or same builders plan for redevelopment for profit purpose... so won't the owner get a good deal there??
Just recently purchased a flat in 14 year old building. I wish I had seen this video before purchasing. The resale vale of a resale flat was very informative.
Sir, i suddenly came across your channel right now & have watched 3 videos till now, your way of explaining little little details are really good plus the videos are so much informative & useful....keep making such videos
Thank you sir for this invaluable inputs. Gave me a new perspective on resale flats. Can you please tell about how mivan construction have effect on resale prices or you inputs on mivan flats. Since there is no issues in construction quality of mivan flats so they one less hassle to worry about in mivan. Some people are saying that mivan will revolutionise resale industry and everyone will buy mivan flats only.
There is one 22 year old flat to resale, (in reasonable price as compare to market value and the area) direct from owner, already new painted and toilet bathroom are renovated, also the neighbors are saying that after 8 years it is going for redevlopement, and we will get 1 room extra from the builder . How to cross check and get a clear idea about this,? Could u pls suggest.
What is difference between DEED OF ASSIGNMENT & Sale Deed. I purchased a resale flat, but got deed of assignment . Is it the right document or I need to do some other step? The flat is in Pune
Appreciate the knowledge shared in this video. I have one fear, i dont personally like hogh rise buildings. Its gives me some fear as well. But the low rise flats are really very costly in my area. Not sure what to do. People are moving to 20 years old GDA flats, but problem is same, they wont be able to sell after 20 years. Why would i buy a 40 years old house. Really a big decision to take now.
Thank you Sir for posting such good material on You Tube! We are first time buyers and need help in answering this question - How do we check registration details of a property in Government records?
Bro aapko ye nahi samjhta. Once in redevelopment the builder will give 2 flat or bigger area besides rent till the new building is ready. FSI and your land share in 4 story society is much higher than 32 story society.
Hello Sir, Thanks a lot for sharing such wonderful insights and experience. This is ultimate guide for any buyer in market. My friend has recently purchase a flat in nearly 20 year old building and he also mentioned that the cooperative society of building is planning for redevelopment in next 3 years max. So is it not safe to buy discounted apartments here? The flat owners will extra carpet like 1 Bhk owners get 2 Bhk and until the building is ready they also receive rent. These are the benefits i heard any comments on this might help. Thanks again for well scripted content.
Buying a flat in a society which will go for redevelopment is a double edged sword. if the construction is completed on time then you get a better flat with higher value. But a lot of time these projects get stuck and take a long time for completion due to issues between developer and residents. also sometimes builders stops making rental payments aswell. So throughly check developer credentials and past projects they have completed. Also, it is a better option if you are buying this as an investment and are staying somewhere else.
@ashteshdiwakar Redevelopment projects are a double edge sword... Ahuja Builders Booked For Cheating 590 Homebuyers In *Redevelopment Project In Sion* The flats initially cost ₹75-80 lakh but the price was changed to ₹1.75 crore to ₹2 crore after the developers introduced Fosun Hive, a China-based company, as an investor/developer;as Ahuja Builder was on the verge of bankruptcy. The Chunabhatti police have booked six persons, including Jagdish Ahuja and Gautam Ahuja of Ahuja Constructions, for allegedly cheating 590 homebuyers with the lure of flats in the redevelopment project at O2 building, LBS Road. Mulund While 280 original owner families are waiting for their rents, the other 310 buyers claim to have paid 75% to 100% of the cost without getting possession. Moreover, the price of the flats was also doubled when another investor was brought in. Possession was promised by June 2022 but Fosun Hive (aka Carbon Hive Zero Constructions Pvt Ltd) allegedly stopped work in February this year. The developers, according to the complaint, continued to sell flats till June 30. When new buyers and tenants demanded their houses from the developers, they were told that work would resume after new developers or contractors are brought in. The buyers have alleged wrongful loss, accusing developers of having earned wrongful gains. Besides the Ahuja builders, the other booked persons include Ahuja Group manager Chandrahas Yellapa Kotian, CEO of Ahuja Group Sanjay Shrivastava, and Fosun Hive chairperson Peng Peng Sia.
I fail to understand this. A resale flat in an already developed locality with a well in place social infrastructure will be beneficial as compared to a so called new flat which will come up in a suburb in next 5 years and another 5 years for social infra to reach basic levels. Isn’t this the reason why prices are going insane in Delhi and Bombay? Certainly in this case one needs to pay money upfront and can be expensive or out of budget for most ppl.
Very vary well explained Sir...... i want to sell my current flay and buy a new or Resale flat simultaneously, and that too without loan... .......how to go by and how to carry out the transaction..... Can you please guide Sir.....It will be of great help
Sir, 12 years purana flat resale from developer mil raha hay! But Seapage hay developers thik kar dega bola hay ! Lena sahi hoga? Surround and Neighbors udhar thik hay.
I personally prefer new flats. as they get better appreciation immediately within 3-5 years of possession. Also it always feels better to live in a brand new apartment.
I want to think about 2BHK flat build-up 956 sqft property.. it's 13years old. Mujhe ye property kitne me leni chahiye aur mai kaise compare aur final kar saku ke mujhe asper that area ye kitne me leni chahiye plz bataye
If the society you live in is more than 25 to 30 years old, depending on the condition and health of buildings and flats, the society can take a call to redevelop. For this society will have to approach credible and trust worthy builder who can redevelop. Normally when society is taken up for redevelopment, all the flat holders are given flat on rent by builder at his expense. Once the redevelopment is done which means old building demolished and new building constructed, you will be handed over one brand new flat. If your existing flat is 1 bhk, you will get 2 bhk. Like that every flat owner will get increased carpet area as compared to your existing size of flat. How much extra area you will get depends on the rules from state to state. But surely you will get Extra area. Only give your project for redevelopment to trustworthy and credible builder who has a good track record and who is financially very sound. The role of society is very important while choosing the right builder.
@@AllinOne-md1tjOnce the society is formed and conveyance deed done, the builder is out from the society. Then After 25-30 year's, society is free to approach and developer or builder who is interested in redeveloping the society. The original builder who constructed is no where in picture after 25-30 year's. So the question of builder abandoning society doesn't arise as he is already out Once Society is formed and conveyance deed done. Society needs to carefully Choose the right builder with credible background and someone who is financially stable and sound.
Have already made a video on same here is the link How to Check Documents Before Buying a Resale Flat | Resale Flat Document Checklist : ruclips.net/video/vE_NiGvdTGw/видео.html New Flat Documentation : ruclips.net/video/PVWwi5Y5kTM/видео.html
Government ko investors pe kuch limit set krna chahiye real estate investment ke liye. Ye investors ke wajah se house prices bahot badh gaye hai. Because of this houses are become unaffordable now a days.
I think for resale best practice is to live on rent in that society for 3-4 months and then purchase
Yes, that's a best option when possible. but it's not practically possible many times.
Another option is We can ask for real feedback and reviews from people living there.
No. Shifting with all the furniture is not a easy task
It's best talk with the neighbours , know the pros and cons then purchase
@@triptybaheti staying yourself and talking to neighbours are very different things. If you stay 11 months on rent and then buy , only 2 times your furniture will be moved but you becomes 100% sure about your decision and the feeling of moving from rent to own will all things set in a society will be awesome like maid, milkman etc
@@RahulSharma-ps1rf... What about if you don't like it and next society with 11 months😂
बहुत अछी नॉलेज आपके द्वारा दी गयी है धन्यवाद
I think the build quality matters for more than 8 yrs old property. If it's well maintained and no major quality issue noticed, then that's a much better option as compared to new flat where we are not aware of it's actual condition after 8 yrs
In real estate it's location location location. With traffic jams staying in central location in key. If u have budget no in right mind prefers suburbs. People with budget will always prefer resale in developed location. Example sobo..always property prices r sky high there old or new.
There is a benefit in buying old flats, they are built with really low FSI and comes with a high land share. The price of building depreciates but the land underneath is a goldmine. You shall reap the benefits when the building goes for redevelopment in such cases.
Sahi pakde hain, inko ye nahi samjhta.
Once in redevelopment the builder will give 2 flat or bigger area besides rent till the new building is ready.
FSI and your ahare in 4 story society is much higher than 32 story society.
@@JaySriRamJayShriKrishna Most people don't even know the concept of UDS and believe that the value of apartment becomes zero eventually when building lifespan is over. Also a popular lie is said loudly by these finfluencers that apartments depreciate over time. When and where have apartments depreciated? Naturally old apartments are cheaper than new ones but never depreciated in long run. People don't ask basic qeustions and miss out on real estate, a time tasted asset class to compound wealth.
@@abhijitkhopkar1500 In Bombay, Old flats yield much better value than any new flat...even 60 year old flats
@@KINGMJ1990 Because Mumbai is the only city that has witnessed reconstruction of old apartment complexes. Thus, Mumbai market accounts for current FSI and UDS. Customers in other cities are yet to realize it.
In a 60 yr old apartment, value of construction is absolute zero or probably even in negative. The land underneath is goldmine.
Resale flats are not cheaper any more. Sellers usually ask for the as price at which new flats are being sold as resale unit will be ready to move and for new one you might have to wait for 1-2 yrs for possession
Completely agree.
So true!
For personal use all sensible people prefer upmarket locality rather than unsafe suburbs.
Very genuine and useful video for a person who is planning to buy a flat of his own ❤
This is an amazing channel, I didn't knew it existed for such a long time, much better than those sango gurus
Sango chachu bakchod h
बहुत सुंदर जानकारी जय जय हो आपकी ❤
Eye opening vedeo ,big thanks 🙏 and salutes to you
Jabse logo ne real estate ko investment samajhna shuru kiya hai tabse ghar khareedna or mehenga ho gaya hai.
God bless you... Very important information... You always give accurate knowledge.. Thanks🙏
The only thing that matters in real estate is location, location and only location. Doesn't matter if it's old or new.
Location, is really matter, near school, office, what you prefer,.
Absolutely correct observations and information shared is very correct. Thank you for sharing everything in so much detail, it will really help homebuyers in decision making.
Thanks sir nice 👌 information
explained in a very clear nd simple way.
Great and knowledgeable for me. Right now I am looking for resale property . Thank you so much for your suggestions.👍
Thank you for the info sir. Very insightful. Quick question- Even if the resale flat/apartment is 15-20+ years old, if its in a prime location.. wouldn't other builders or same builders plan for redevelopment for profit purpose... so won't the owner get a good deal there??
Good information thank you sir
Good video. Please share video of comparison between Independent house vs builder floors
Thanks ✅ Love From Mumbai 💚💚💚
Nicely briefly,thank😊
Just recently purchased a flat in 14 year old building. I wish I had seen this video before purchasing. The resale vale of a resale flat was very informative.
I became your fan from topic you choose and explanation
Wow, very well explained hats off to your work.. Thanks
Sir, i suddenly came across your channel right now & have watched 3 videos till now, your way of explaining little little details are really good plus the videos are so much informative & useful....keep making such videos
Thank you for your kind words. Will continue creating content which is real and useful.
SIR, THANK YOU SO MUCH.
Thank you sir for this invaluable inputs. Gave me a new perspective on resale flats. Can you please tell about how mivan construction have effect on resale prices or you inputs on mivan flats. Since there is no issues in construction quality of mivan flats so they one less hassle to worry about in mivan. Some people are saying that mivan will revolutionise resale industry and everyone will buy mivan flats only.
Thank you for your feedback and suggestion. Will definitely do a video on mivan construction
Thank you so much sir for upload this video. Many buyers will be benefitted like me.
Very well explained and a lot of useful information shared Sir. Thank you
Pune mein new flats ke price bahot badh gaye hai ab to resale flat hi acha option lagg raha hai.
Thanks for the information 🙂
Good information.thanks
Good advice by you
Concise and well researched.
hi, please make a detailed video on purchasing a flat through bank auction as well. Is it advisable - why / why not?
There is one 22 year old flat to resale, (in reasonable price as compare to market value and the area) direct from owner, already new painted and toilet bathroom are renovated, also the neighbors are saying that after 8 years it is going for redevlopement, and we will get 1 room extra from the builder . How to cross check and get a clear idea about this,? Could u pls suggest.
very good remarkable ideas.
What is difference between DEED OF ASSIGNMENT & Sale Deed. I purchased a resale flat, but got deed of assignment . Is it the right document or I need to do some other step? The flat is in Pune
Very well explained
And like the way you speak
very good video. thnx.
Very good sir
incredible content ....
Good information
Appreciate the knowledge shared in this video.
I have one fear, i dont personally like hogh rise buildings. Its gives me some fear as well. But the low rise flats are really very costly in my area.
Not sure what to do. People are moving to 20 years old GDA flats, but problem is same, they wont be able to sell after 20 years. Why would i buy a 40 years old house.
Really a big decision to take now.
Nice
Nice Information
Good explanation it added to my knowledge when to resale / new property
Thank You 🙏🏻
शानदार वीडियो।
Achi jankari di sir ji
Very good sir🙏
Could you post Video on Pune properties?
Better go for new property or at most 3 year old only
In title chain first owner registration is not done second owner is registered so it is ok to take flat or there is any problem?
Thanks 🙏
Well done. Make one video on Sobha project as well (comparison with other). Will be hit.
Thanks for the suggestion. Will surely do a video on project as well
Thank you sir for the valuable information.
Thank you Sir for posting such good material on You Tube! We are first time buyers and need help in answering this question - How do we check registration details of a property in Government records?
V good information video
Sir you have explained very correctly,
Good info sirji.
Helpful video
Please also make a vedio on Flat Vs Home.
Very nice elaboration
Very nice video can you please conver the reconstruction of old building benifit
Thank you ! have made a video on redevelopment here is the link - ruclips.net/video/kVtdpgmD3-c/видео.html
Bro aapko ye nahi samjhta.
Once in redevelopment the builder will give 2 flat or bigger area besides rent till the new building is ready.
FSI and your land share in 4 story society is much higher than 32 story society.
Hello Sir,
Thanks a lot for sharing such wonderful insights and experience.
This is ultimate guide for any buyer in market.
My friend has recently purchase a flat in nearly 20 year old building and he also mentioned that the cooperative society of building is planning for redevelopment in next 3 years max.
So is it not safe to buy discounted apartments here?
The flat owners will extra carpet like 1 Bhk owners get 2 Bhk and until the building is ready they also receive rent.
These are the benefits i heard any comments on this might help.
Thanks again for well scripted content.
Buying a flat in a society which will go for redevelopment is a double edged sword. if the construction is completed on time then you get a better flat with higher value. But a lot of time these projects get stuck and take a long time for completion due to issues between developer and residents. also sometimes builders stops making rental payments aswell. So throughly check developer credentials and past projects they have completed. Also, it is a better option if you are buying this as an investment and are staying somewhere else.
@@flatsandkeys makes sense, thank you!
@ashteshdiwakar Redevelopment projects are a double edge sword...
Ahuja Builders Booked For Cheating 590 Homebuyers In *Redevelopment Project In Sion*
The flats initially cost ₹75-80 lakh but the price was changed to ₹1.75 crore to ₹2 crore after the developers introduced Fosun Hive, a China-based company, as an investor/developer;as Ahuja Builder was on the verge of bankruptcy.
The Chunabhatti police have booked six persons, including Jagdish Ahuja and Gautam Ahuja of Ahuja Constructions, for allegedly cheating 590 homebuyers with the lure of flats in the redevelopment project at O2 building, LBS Road. Mulund
While 280 original owner families are waiting for their rents, the other 310 buyers claim to have paid 75% to 100% of the cost without getting possession. Moreover, the price of the flats was also doubled when another investor was brought in.
Possession was promised by June 2022 but Fosun Hive (aka Carbon Hive Zero Constructions Pvt Ltd) allegedly stopped work in February this year. The developers, according to the complaint, continued to sell flats till June 30.
When new buyers and tenants demanded their houses from the developers, they were told that work would resume after new developers or contractors are brought in. The buyers have alleged wrongful loss, accusing developers of having earned wrongful gains.
Besides the Ahuja builders, the other booked persons include Ahuja Group manager Chandrahas Yellapa Kotian, CEO of Ahuja Group Sanjay Shrivastava, and Fosun Hive chairperson Peng Peng Sia.
I fail to understand this. A resale flat in an already developed locality with a well in place social infrastructure will be beneficial as compared to a so called new flat which will come up in a suburb in next 5 years and another 5 years for social infra to reach basic levels. Isn’t this the reason why prices are going insane in Delhi and Bombay? Certainly in this case one needs to pay money upfront and can be expensive or out of budget for most ppl.
Appreciate your knowledge and wisdom ..
Thank you so much !
Very vary well explained Sir......
i want to sell my current flay and buy a new or Resale flat simultaneously, and that too without loan... .......how to go by and how to carry out the transaction..... Can you please guide Sir.....It will be of great help
Thank you for sharing your thoughts
Glad you liked it !
How can I get a loan on 50 year old property? Will i have to repay the entire loan when redevelopment starts
Kya dda ke 45 years purani property ko le sakte hai is it safe
Great
What happens to a building after certain age like 40-50 yrs in a residential colony (not under DDA/Society) ?
Sir, 12 years purana flat resale from developer mil raha hay! But Seapage hay developers thik kar dega bola hay ! Lena sahi hoga? Surround and Neighbors udhar thik hay.
is old properties(10 year) bought in bank auction okay getting at avery good price according to area
Home loan transfer happen between different banks. You dont need to take a loan from the same bank
Many information given was wrong and threatening to customers opt for resale
In resale house best area of city it chance to reconstruct the building after 40 year then that is beneficial right
Please mention about full cheque payment which one is better Resale or new one.Your reply will be highly appreciated
Thank you
Sir plz share what is your preference resale or new flats?
I personally prefer new flats. as they get better appreciation immediately within 3-5 years of possession. Also it always feels better to live in a brand new apartment.
Yes ur best
Very nice 👌
So what youre saying is dont buy resale flats which are more than 5 years old?
How about buying a 10 year old property and hold on to it until some builder offers for redevelopment…
I have a doubt ... Who exactly pays for the redevelopment?
Great video with knowledge
Glad you liked it
I want to think about 2BHK flat build-up 956 sqft property.. it's 13years old. Mujhe ye property kitne me leni chahiye aur mai kaise compare aur final kar saku ke mujhe asper that area ye kitne me leni chahiye plz bataye
@flatsandkeys What after the age of property finished ? Do we get another flat in another society or builder will reconstruct same property ?
If the society you live in is more than 25 to 30 years old, depending on the condition and health of buildings and flats, the society can take a call to redevelop.
For this society will have to approach credible and trust worthy builder who can redevelop.
Normally when society is taken up for redevelopment, all the flat holders are given flat on rent by builder at his expense. Once the redevelopment is done which means old building demolished and new building constructed, you will be handed over one brand new flat.
If your existing flat is 1 bhk, you will get 2 bhk. Like that every flat owner will get increased carpet area as compared to your existing size of flat. How much extra area you will get depends on the rules from state to state. But surely you will get Extra area.
Only give your project for redevelopment to trustworthy and credible builder who has a good track record and who is financially very sound. The role of society is very important while choosing the right builder.
@@SSKS777 Thanks for the clarification.
@@SSKS777 In most of the situation builders abandon the society after 10 odd years ... dont know if they take this responsibility.
@@AllinOne-md1tjOnce the society is formed and conveyance deed done, the builder is out from the society.
Then After 25-30 year's, society is free to approach and developer or builder who is interested in redeveloping the society.
The original builder who constructed is no where in picture after 25-30 year's.
So the question of builder abandoning society doesn't arise as he is already out Once Society is formed and conveyance deed done.
Society needs to carefully Choose the right builder with credible background and someone who is financially stable and sound.
I AM going to purchase resale flat
Builder se kese lein direct
Real estate is nothing, dependent on LOCATION , LOCATION , AND LOCATION May be old or new .
Its not necessary to shift the loan to same bank
I am going to purchase a resale flat. It's worth
Plz make deatile video how to check chain of doucument including sale deed etc.
Have already made a video on same here is the link
How to Check Documents Before Buying a Resale Flat | Resale Flat Document Checklist : ruclips.net/video/vE_NiGvdTGw/видео.html
New Flat Documentation : ruclips.net/video/PVWwi5Y5kTM/видео.html
@@flatsandkeys thanks for reply
I definately look it
Flats older than 20 years may be demolished by the Builder, the flat owners will get the share of the value of the land i believe.
Very nice information
Very informative
Is a top floor flat with a gym above masterbedroom ( its an apartment of 10 2 bhk flats) good for resale?