How to PLAN and BUY a HOUSE in India? EMIs, loans, build vs buy, construction quality?
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- Опубликовано: 10 сен 2022
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Should you invest in real estate in India?
If yes, then how?
- Buy a flat or commercial property?
- Buy from a builder or construct your own house?
I cover all these [and more doubts] regarding real estate in this video. Do watch it till the end :)
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Attributions:
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Video Editor: Vallabh Salgaonkar
►My new stock market course starts in October 2022 [SEATS FILLING FAST]. Read all the details here:
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I already having a mutual fund portfolio getting good returns but want to get reviews by an expert like you.
I started in 2018 mid year and till date investing and using SIP way.
Need to get it checked as how much I would accumulate by 2028/2030 maximum.
Investing around 40K PM.
One more thing I am having some equity shares in my Demat Account and need to get reviewed also.
I have invested decent amount in it. I want to make a nice equity portfolio from Long term perspective around at least 4 to 6 Years.
you haven't counted in mid-tire towns. I'm staying in town here if you build a house it costs you around 40 lakhs to 41 lakhs for building 7 - 1bhk and plot costs another 20 lakhs which gives a rent of 5.5 thousand rs every month .5.5*7 which is quite less than the interest I pays. I found it is better to build houses in towns where industries existed near the towns than buying the flats in cities which we doesn't own
@@gauravsuri1732 pp
Will I get tax benefits on the loan taken to buy a land on which I will construct my house??
Hi… do you do a one on one consultation?
Buying a house in the outskirts of the city and constructing the house after a decade is a far better option. You won't feel financial burden and you can choose the quality of construction yourself for your house.
Finally Real estate video !! Please do a lot more videos of paper works, buying process, etc..
I was expecting this video. Thank Akshat.
Edit: Kindly make a more detailed video around how to by properties, the selection, the paperwork as well as the financing and by property I mean commercial property. Help us with your experience. Kudos to you for spreading the knowledge.
Again u do nt seem to be insisting on the liquidity aspect of an investment portfolio which in my opinion is most important as and when require money v hv to hv it and hence v invest in shares like Hdfc. Group HUL ETC THIS POINT U SHUD BRING TO TJE NOTICE OF THE GUYS
All these factors should be taken into consideration when you consider real estate as an investment. Owning a home for self use has a more emotional feel to it
Good video Akshat, do make a video on buying cars considering people buy cars based on emotion more often rather than purely on rational basis
Great insight Akshat ! Certainly look forward to more real estate and car videos for more information
Akshat, buying a land is pretty complex given we do not know whether i am buying a genuine land or not. Property papers are correct or not etc. Can you make video on that?
Hire a lawyer especially real estate lawyer from your government property office ie. Kacheri they will taken care off all your headache about real land .
Land law is not effective in India, we can find 100 loopholes even in a genuine land. They can drag you to the court nowadays lawyer does this full time their job is to find loophole and exploit it. Our court system is such that to serve justice can take easily 15-20 years by that time one person life span completed(I mean his career life) by practical we are facing from civil court we won then they put in high court then high court we won now they put miscalenous case. The story won’t end here after we get that case also won then we have another world called execution court. Till india have proper land reforms act and judicial time bound or ensuring a challenging case they have to keep heavy amount in court if they really want to challenge all this reforms are long way to go in India for both land reforms and judicial time bound. Till that don’t waste time, effort and energy in buying land rather look for other alternatives investments like Gold/Equity/Debts etc even worst case still FD is better than all this hassles.
get it verified from lawyer
LLA have made a good video about this
Try with a Plot loan. Since Bank verifies all the legalities of the plot and documents in order, it will be safe to check with bank and lawyer.
Formula 3-20-30-40 is really useful for salarized people. Thank you Bro
Akshat, Thanks this is of great insight, hoped someone would have come up with this kinda video when I purchased 🙂. Would like to request you to make similar video on purchasing commercial property.
Yes planning to buy..but there is so much that pre work that goes into it. Thanks for the video. It helps!
very early in my career i brought a small land in Dehradun for just 3 lacs.. i made 3 shops there.. rented them for over 12year now and rest of the land i sold of recently for 80 lacs.. thats 15 years total and i still own those 3 shops...i never had such returns in equity.. hence i swing nifty 50 when its down and i invest 20% of my investment portfolio by myself in equity where as 60% still goes in buying lands in tier 2/3 cities.. 5% in crypto..I like all the logics in this video..great stuff @Akshat
Thanks for posting this insightful video Akshat!. These may seem trivial and not decisive, but absolutely should be kept in mind while going for any real estate. Please keep videos like these coming through. I am very excited about you trying to build a real estate portfolio and your though process/research around getting this accomplished. Thank you and all the best!
👆🏽📥 📥
11:06 agree with you Akshat, one of the major problem here in Goa.. and also most of the properties are disputed and if you are outsider you won't get any help from government office.
Very good analysis considering you have just recently shifted to goa
Thanks for the insightful content. Would love to hear your thoughts on buying a resale proeprty of 5/8/10 years old in a good area. Or is it always good to buy a new property if that is your first investment
Fantastic video, highly insightful. Loved the point about a contractor and garbage picking.. really insights nobody will tell you. Eagerly waiting for more insights on real estate.
Very very useful and Insightful Video Akshat sir. Thank you sir For the video.
Really very very helpful tips while buying real estate.
Next time Pl give some tips for buying new / old flat in an apartment complex developed by reputed builders / companies.
Thank you
will the price of the property which is near to redevelopment or 60 yrs old will go up ? Would you like to make video on concept of redevelopment of C.H.S ?
Thank you for this video. Enlightened 👍🏻
1. House price 40, max price
This is very practical guide to go about things with some really smart add-on tips !
Thanks for sharing ...
Really too good information provided. You did great research and hard work to let the people understand a lot….🙏👍
@akshat - Great video but I was surprised you did not talk much about the hidden cost of high interest rates - over a 20 year period at current Interest rates - you would end up paying almost equivalent amount of interest as the property base cost - the second point I though you probably should cover is cost of maintenance of property and the kind of tax benefits that families can get by buying and renting
Superb content sirjee! Extremely helpful it is! Cld you pls make a video on buying a super inflated flat in tier 1 cities VS buying a villa/rowhouse in tier 2 and tier 3 cities. I GUESS, it will be a great video.
Feedback appreciated..⬆️
Wanting more info and insight???
WatsApp the number above,
Endeavour to reach out.
Make sense , through your logical explanation.
I don’t think you’re the right one .🤭🤭
Really appreciate your sincere efforts
Akshat I really want to invest in a commercial property and really wanted your guidance on the things to lookout for while buying one and what are the tax implications on renting one...I would really appreciate if you could make a detailed video for commercial investing
Hi Akshat, could you please do a similar analysis with all such calculations for a car. My husband has to commute daily by car and it is quite necessary for him so car is required for us but such generic calculations before buying a car will be really helpful
This was very helpful and insightful. Thank you.
Yes do make a video on buying a car or not. Especially do consider electric cars worth buying?
Great video Akshat! Just love the way you speak! I'm a huge fan! Please do make the video around buying a car...
Good ideas and very practical.
India mein tiny house ka style shuru hona chahiye. Bade gharon mein rehnewale log kam ho rahe hain, tab bada ghar khaali aur boring lagta hai. Ghar chota aur cute rahe toh acha hai but garden bahut badaa hona hai.
Hi Akshat , thanks for sharing valuable information..
Can you please suggest if investing in a property in bahrain would be wise since compared to india rental earnings are more..
Great video Akshat !!
Thankyou so much Akshay beta you are taking so much pains to make us understand each and every point
Thanks a lot Akshat. Waiting for your video about car.
One opposite view: in time of our parents rented yields were high not because rent was high but because price of the property was lesser !!
In my city in 2008 price of property (3 BHK apartment) was 8-10 lacks max 12 lacks now it is 80-85 lacks having CAGR ~ 17% which is not achievable for tier-II/III City!!
how about 2006? You are comparing from the very low during 2008
@@a.yashwanth intention was not to compare it with stock market effects however there was little impact on tier II/III Cites of BIMARU state in real estate markets affected by stock crash. Yes in 2006 prices were bit lower than 2008. It all begins with starting nexus of land mafia as liberalization reached with delay in these backward cities!
@@Ram-js4djindians like u are bimaru brother. Such prejudice political prejudice thought displays your mental status
@@cakebakeproject you must be flying on ur papa’s illegitimate income or you may be relative of corporates 😄😄
Thank you for this video ❤️
Hi , m not sure if u can answer this however can we study investment banking after BA or we have to do MBA and then study investment banking
Yes making video on whether should buying car or not !
You are right. Sell your high value property and buy your own house in a small city and live peacefully on simple budget without headaches.
Insight full.
Yes akshat, you want to make a video about buying car.
Great work. Well explained
Good one similar to stocks
Wonderful content 👍Thanks for sharing.
Always comes up with the best content possible 🤩.... Everything said in the video is actually right. Keep going brother
Hi Akshat, thanks video is very informative, is buying farmland a worth investment
I have brought rbl bank stock when it was 95 rupees, now it is trading at 128 rupees.
Is it good to buy some more positions in rbl bank now at 128 rupees.
Please post your suggestions
Yes it's very usefull.
Thank you for sharing this
Very practical view on buying property
Good video, useful to me. Please continue your good work.
Hi Akshat, Really good video... You are really talking about the practicality of real estate investment... Way to go... Look forward to more videos on investment in real estate..
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Thank you, sir it was an informative video you are doing a great job 🙏
very helpful. Thank you so much Sir!
Hi Akshat, what should be the value of the new house out of my total assets. I mean let's say if my total asset value is X. How much percentage of my total asset(X) I can spend on buying a new house?
Useful Tips..! Thank You ❤🙏
Thanks Akshat..keep giving us opportunities to say that....
Thank you Akshat. Can you please do more videos on property? Especially properties in Goa, tier 2 and 3 cities/towns? The property market interests me a lot as I have some kind of a background in building and construction. For example I helped build a bungalow in Calangute, Goa, years ago and was responsible for permissions, dealing with Panchayat, Communidade, conducting a search going back 100 years, overseeing construction, furnishing the home, etc and it had been an experience. However, I would not consider places like calangute, baga, Candolim, etc as properties are too expensive, too crowded, too commercial and the beauty of the land is lost. I could go on and on, however, I appreciate where you are coming from as I can see you do a lot of research and am looking forward to watching more videos on property. Thank you.
Could you make a video on how to decide whether to buy an apartment or individual villa, which one would be a better option?
What you have told it's very true, the formaulae I think varies a lot on location of the property. We have a flat, though it's not bought, but it's a small 1bhk apartment in South Kolkata 480sq ft. The rent of the apartment is 16000 per month as of now, since it's a fully furnished property. And the cost of the flat in that area is roughly 27-28lakhs only. Even if I substract 3months rent for maintenance, tax, brokerage earning would be (16,000*9) = Rs 1,44,000 so per year yield calculated would be 5.14%
Hi Akshat, I have a question ,If some one(Salaried person) has enough money to construct the entire house without any loans, Should they follow that route? or taking the loan for (say 40%) and invest the rest of the money in High return(like equity)?
Pay EMIS every month.
can you please explain in details about how to select emi's for homeloan like a person should go for less emi with long tenure or opposite of it
Sir, plz make a video on how real estate has performed in times of recession. As the recession is at doorstep. Also, plz discuss about smaller towns as well like ahmedabad, rajkot
How to explain this to previous generation?
What is the real value of gold ?
Can you please make a video on how quickly to complete the education loan or if we pay just the emis will that be useful to us in the long term
Please make a video on car buying also
Please make a video on when should we plan to buy a car...this video is supremely excellent
ty sir The formula was awesome 😃😃😃
Hi Akshat. I like watching your videos. I have a request ,can you explain about SBI Maxgain Policy for HomeLoan in your upcoming videos.Actually we have taken a loan in 2011 and we are not repaying it though we have amount . We have put it into the maxgain account and advantage is that we don't have to pay the interest but still EMI needs to be paid which cuts the actual loan amount. My husband says we can withdraw amount paid extra whenever required or want to buy some new property. I am not able to understand this policy ,how it is useful. If you can explain more about this will be helpful. Thanks in advance
Thanks Akahat for this vedio 🙏
Well, Truth is that someone without any inheritance and without an amazing salary / income might never be able to buy a property. Simple as that.
In Bangalore however the property rent and buying prices have gone up crazy..~10% increase each year or even more than that in the most popular areas like sarjapur,bellandur etc. Even in whitefield.And all the places rental yield has become >6.5% easily..It is not only 3% any more so more and more people are buying multiple properties(apartments/villas)
Video on purchasing a car please. Can't thank you enough for these insightful videos. :)
Why we should go for 20 yr long loan duration and why not lesser duration. Any specific reason? . I thought going for lesser duration was good as we will pay less interest..
Hi , can you please let us know Ethereum Merge , stake consensus mechanism and Proof of Work ??
Thanks for the advise
Plz make a video on how to save TAX or how to plan for it
When akshats kid ask for something,
Askhat first opens excel to see if it's profitable 🤣🤣
can you please elaborate why 20 years loan is better than 5 years or 10 years loan
Which age is perfect for buy a home? Also guide home price suitable for me? for more clear my age is 28 yrs and salary 8L
Very True
Finance is Complex
Thanks for the insightful video… pl post a video on air bnb in india
4 Cr/ 12L = 3.XX ?? There is something OFF with your formula. Instead it should be (12L rent / 4Cr ) right?
I have did a SWOT analysis of buying a home decision and came up with beautiful conclusion.
Thanks for your comment, What'sap me with the number showing above for more profitable investment plan.
Informative and good video, would love to watch one on buying a car.
Will we ever come to a situation like the chinese evergrand real-estate crash?
I am planning on buying house and this video was very helpful, looks like I got some of the calculation correct, I need to work on some other stuff, please do make a video on buying a car, would be great to have that knowledge in the back of my mind.
Hello, I'm real estate broker may I help you?
Scared to send this video to my friend who just bought a house, violating ever single concept you mentioned.
Investing in REITs does not give us ownership of property.
Is there a trusted way of buying good quality Real Estate through some organization/another person at some fees?
yes..better than owning property
Car? Yes surely.. Buying froma common men perspective but after You get ur brezza...😉👍
Thank You Sir 😊
Awesome content.
Awesome knowledge sir as always👍
pls make video on whether to buy a house or flat
can anybody guess the builder's name ?
Please make a video on the finance side of buying cars. I bought 2 cars this year alone. Not sure about the third one.
Feedback appreciated..⬆️
Wanting more info and insight??
WatsApp the number above,
Endeavour to reach out.
everyday quality of knowledge is increasing
Ridiculous data, which 1Cr worth apartment is available to rent out for 20-25k INR per month in DEL, BOM ?
Rents have skyrocketed in the recent past.
There are so many disputed properties in Goa, so going for a flat is better option.
Sir now I am studying in tier 3 city university in business administration. Can I go in insead, HBS, Or other top rank uni? Please guide.