When I was discussing about honesty and corruption, one wise man made a statement, 'all those who do not have opportunity to be corrupt are honest'. That was a loaded statement, when I started looking at society through this perspective, I felt that it is true for most of us. May be this topic is worth a video by itself
@@husanera8396 That is true. But, when I tried to confront this statement with examples, I realized that those having opportunity to be corrupt but staying honest are an exception, not a norm
@@kiranvootori8101 well then,we as a society need to rethink ..why so? I being in teaching profession,at my place observe the making of corrupt in local schools.. students cheat in exams .. they feel that it is ok to cheat.. just to show off the ill earned marks.. I believe this is one of the many factors in the making od corrupt morals
@@husanera8396 Exactly. I have seen fathers driving on wrong side of the road to drop their children at school in time. Kids keep yelling that it is an offense and father trying to justify the act was in interest of reaching school in time, or being eco friendly by saving fuel. But, what they don't realize is that they are breaking the connect between what is being taught in schools and what is supposed to be done in the society. The thought process of the kid will shift from the process to the goal. It manifests into thinking that marks are the goal and it does not matter how they are achieved. By corrupting those young minds, we are corrupting next generation. I hope our education system evolves and tries to shield the next generation from such influences. I know it is lot easier said than done. Especially, when it is coming from their own parents. But, if I were a teacher dealing with such students, I will try to dilute the 'value' of marks by giving them 100/100 and announcing it in the class that they are being awarded 100 because they come to school for marks, and there is no shortage of marks to be distributed. The sense of achievement is gone. Having said that, I want to assure you that those who resort to such practices can also succeed in life using these same skills for getting out of problems.
This is literally true:(( I have been living in Hyderabad for more than 2 decades, and for the past 5 years, I'm seeing that housing prices have skyrocketed up to Rs.8500/- per sft. for no apparent reason. I'm even more surprised to see tech professionals taking loans to buy property. Gone are the days when we used to hear in social textbooks that the house is a fundamental right to human beings
Akshay, with fundamental rights, also understand your fundamental duties, which is electing good leaders. Only that ll end this injustice with regards to monopolistic pricing
People with slush money are into real estate business. They can wait till the fancy rates as demanded by them are met. To entice buyers, the power that be act in tandem with these developers. This is done by rebate on interest on loan amount taken on housing. This is like robbing the future income of country today. By such action the developer gets his fancy rate on 1st day. This is what is achieved by such loans. Loan taker is delusional that his loan burden is softened by this rebate. Just imagine if the rebate on interest was not there. Would a working class person take loan then?
@@mysore1982 The economics of demand supply has gone for a toss and most of the economic theories have failed in the last few years.. to be honest, rentals have also sky rocketed.. just see some listings on online portals for houses in your locality or in a major city.. the rent has actually increased and even when there are people not willing to pay, the rent is hardly brought down by the landlords who prefer it remaining vacant than let it out for reasonable rents.. it's very important that govt taxes empty houses based on market/notional rental values for people holding more than 2 houses.. so that they will start renting out at reasonable rates and have their rental income taxed based on their actual income or some might want to get rid of the house and this can bring prices to a reasonable rate
When I was a kid, it never bothered me. I loved being friends with rich kids. But now I've started living alone by myself, taking care of all my expenses, I've started hating rich people and their kids. They have every advantage in the world (most of them are below average) but always end up way better than us.
Sir, My father feels pitty over himself as he has been working for 25+ years now and still is not able to build a house, although we are fine with it cause we are living fine........... But as many of his friends have made a house early in life, he believes that, we-his children would question him after he goes that, "Ek ghar na bana sake humare liye" !! I am not old enough but still I comfort him that, aise values nahi sikhai hai aapne, hum aisa kuchh nahi krenge and rahi samaj ki baat, toh woh log earn kr ke hume nahi khilaa jaate, so they don't have any right to be saying that..............
@@pranjalkamra zaroor sir, aapke kai videos ke karan mai ek-ek kar ke kai logon ko brightness me laa raha hoon............ Jaise *byj*s waale video se apne cousin and friends ko bachaya *kal ke BNPL waale video se doston ko MLM ho ya credit card, tax harvesting ho ya tax evasion, "shorts" ke kai topics.......... Bus aise hi video banate rahiye, kyunki ek banda wise hota hai toh woh sabko krta hai and WE want this MLM in our life Thankyou sir
My parents totally opposite, when real estate prices were dirt cheap they refused all plots and houses from my hometown, they put all the money in an illegal shop, lost all money, I had to do part time to pay my college fees, now my Dad got retired and were forcing me to buy a house on loan, which I do not like as prices are too high, even 30 years of loan I'm not able to afford it. Now I'm literally getting blackmailed that they won't find me a girl until I buy a house for them, it's more than a year they've stopped answering calls from any potential bride, now recently they even lost all their retirement saving to my fraudster cousin in ICICI Bank, he lied to them that he would get auctioned property for dirt cheap prices, and they fell for it.
You spread pure humanity!!! Mere father ne apne time par bahut kuch kiya ...even hume best life di with own home but still i said ki papa aapne waha kyu nahi liya. My father remain silent. I booked one flat of 60lakh agle din se neend nhi aayi and i cancelled the flat. I got my answer clearly. I am really proud of my father. I am nowhere till now jo unhone kiya sabke liye kiya. Pranjal sir you always make us feel we are running for fake things reall happiness is somewhere else...thank you 🙏
GST or stamp duty should be variable based on the number of properties the owner had. for example 1st time buyers can pay very minimal tax like 3 or 4 %. if the owner is buying his 3rd or 4 th or any more tax should increase accordingly . As now all properties are linked to aadhaar, I think this can be managed
Aadhar has nothing to do. Transactions are happening at circle rate only and is perfectly legal. No one can raise questions in that case until you can trace the black money. In housing sector, it's impossible coz it's a chain. Don't believe, visit hardware, lakkad market sometime and you'll come to know that these markets operate fully on cash. No credit, no UPI, no cards. Someone may be taking but that's just for the sake of reporting some legal income.
Good analysis Pranjal ! I can tell you how they resolve this in the USA 🇺🇸 . They don’t charge GST/Sales tax during buying the house 🏡. But they charge annual property tax of 1.31% of the value of the house (based on circle rate) !! And the circle rate keeps changing based on actual transactions happening annually. Even if there is one honest transaction - the circle rate effectively will go up. so property taxes go up. Hence there is no difference between circle rate & market rate ! So cash or bank doesn’t matter. Also real estate agents would potentially lose their license 🪪 if they were take part in such activities. India , I think doesn’t have a real estate agent license 🪪 .
Lnd bjp karyakartas and IT cell karmacharis lcking mr modi's boots. If he is doing good work by providing free edu why do u hate him Don't u wanna see every poir of india get educated. Tattewaadi hindutva lckers and corrupts
I fully agree to the explanation. It seems to be absolutely impossible for middle classes to afford a decent property with monthly pay checks. Even if both of the couple are working in white collar jobs, buying house means you are having a 20-25 year plan. In Kolkata there is no RERA also. The existing HIRA board is invalidated by court. But there is no news of RERA formation. The political situation also support this practice. This is almost an organized syndicate.
@@saurabhrathore1416 The 40% illegal Bangladeshi immigrants and few complacent lazy bongs voted that b****. Good that bengal is degrading day by day. It deserves this.
.My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. hence I will suggest you get yourself a financial-Advisor that can provide you with entry and exit points on best stocks to buy now or put on a watchlist.
Nice analysis!👍 RERA is not enough to remove corruption in real estate business. I closely associated with this industry, almost 90% transactions are happening in cash, that's the main reason of corruption. Political leaders, powerful people & corrupted business persons are strongly involved in this business. It's true Sir, an honest person always suffers by the system.
Totally agreed. Since circle rates are so low every builder has the leverage to manipulate prices and government knows this and i think nobody has solution for this problem. But we should keep in mind the development rate that real estate holds everywhere in this planet and the %of population in India which gets paid in cash and pay minimal taxes. I liked the idea of increasing tax on properties under a single owner.
I guess the government can put a cap on how much more a builder can charge over circle rate. fix a range instead of point price. Or government could adopt policies from nordic countries, where flats and apartments are taken back by government if they are left vacant for long time.
@@pessimistic_optimism nordic stratergy cant work here As workers are costly over there Here builder will put any worker on rent. This way house is not vacant at all
@@pessimistic_optimism He'll show this on papers without actually renting anything. Every solution govt can think of, there are 100 loopholes present in it. So, better to leave it on demand and supply.
Exactly, I faced the same issue. I visited after a week builder raise the price 5 lakhs for 2 bhk apartment. I was very very frustrating at that time. I am not able to buy house till date. :( Big Corruption in Real estate. Super analysis sir. 👍
@@jioboy2676 Need for stability in growth rate. The builder should sell the house at the same rate for everyone. There should be more greed from the rich people, but builders take more money from common people.
Excellent analysis...I had lived in Mumbai, where nearly 1/3 of constructed homes are empty, but still people are living on roads..and chawls .. Corruption made home unaffordable for normal people, and HNI are buying multiple homes , even if they are keeping it empty
Ever thought about the politics of this country where the same middle class is astute towards electing genuine politicians. It is the politicians who are the biggest stakeholders in this market, nothing will come down unless we as a citizen change! Thank you for being an ignorant middle class
its because renters can kabza / take over the flats in mumbai if I had a 1cr flat generating 25k rs a month, its better to leave it vacant than risk it getting taken over by renters ask the Maharashtra govt to make a promise that they will forcibly vacate a flat within 24 hours if landlord wants. this will open up lakhs of locked flats in mumbai.
@@fwefhwe4232 right, this thing heppened with our flat in 2020 they didnt gave us the money for 6 months and also did not vacant the flat police will not help you we and after that we didnt gave the flat on rent now for 7_8 months now when we gave we done it through agent and proper paper filing with terms and conditions.
A suggestion/request : When you calculate, please put the numbers on the screen for the audiences to visually see the calculation, it will help the audience to keep up with the calculation.
आपका कहना बिल्कुल सही है कि काले धन से रियल एस्टेट की कीमत बढ़ रही है। उपाय ये है कि(1) एक व्यक्ति को 2 से ज्यादा फ्लैट या घर खरीदने पर रोक हो। इससे काले धन से बहुत से फ्लैट/प्लॉट खरीदना बंद हो जाएगा।(2) प्रॉपर्टी डीलर के व्यवसाय को सरकार रजिस्टर्ड करे और प्रत्येक प्रॉपर्टी सौदे जो डीलर के द्वारा हों उसमें डीलर का नाम भी दस्तावेजों में लिखना जरूरी हो।
Awesome explanation. One point from my side - A house is the most expensive investment we make. And yet we don't get to see it . If only finished properties are sold then a lot of this corruption and delays etc can be solved.
Allow me to disagree. The most expensive investment is to raise a family. Getting married and raising kids will eat more of ur income than a house. While investing in a house, a person atleast has a choice. He can opt for a large, luxurious, ostentatious palace or a simple abode that keeps the rain and the sun out and provides protection. You have no such liberty while raising a family. This does not mean one shouldnt. Its just the way it is.
I feel Shame that couple of years back my father also bought 3 houses through cash and now I am relishing it that he has bought them through black money he had. Thank you Pranjal sir for opening my eyes and will share this video with my father to open his eyes too.
really an eye opener for me. My father retired recently and even after 30 plus years of service, couldnot afford a house. Now he blames himself. this video just made me aware about manipulated housing prices. Sadly, I feel same thing will continue and I will be in same situation
@@diamond_dew yes it's all sophisticated stealing now, no one can question how property rates are so and so, a thick textbook of rules will be handed over to you to skirt around and get bogged down
Nothing will change 🙏 but an honest advice middle class needs to do away with emotional investment like an House... better get an agricultural land pay to the farmar , built a small eco-friendly house , grow some veggies... and live a susegad life
Great explanation sir,my father always regret that he can't buy own house for us, sometimes I also blame him for not buying any land in previous years,today i know what's the problem... thankyou so much
Same in my family. But we also understand how the dirty politics of the country has led us to these exorbitant pricing! Start participating in electing good politicians. There is no solution or shortcut against such unfair pricing. Nothing will come down to reasonable levels unless politics and policies change
We're real estate developers from Raipur CG and its true. The system extorts money right from land acquisition to getting permits, town planning approval, electricity board, then there are complex regulations, area left for LIG, it adds up to a lot and then the price is passed on to the final consumer
Solution to this problem is :- 1. End income tax totally 2. Allow only upto 50 rupees note. 3. Purchase greater than 500 should be online. It will end corruption and crime upto 95% and also helpful to analyze real economics of country.
Suggestions 1. Property should be linked with aadhar card 2. Not more than 2 property should be linked with aadhar card 3 After certain period of time penalty should be imposed on non constructed commercial properties
Pranjal sir I am a motivational speaker and a personality development trainer. So I wish to join you in this such a Nobel cause and work so by any means can I work with you . Regards Er Agam Singh
Fantabulous content as usual, Cordial Thanks for your very valuable contribution towards Society. Financial literacy is the only way for so many problems in our country. We Indians have been loosing our hard earned money due to "lack of financial wisdom" only.
But he is not like Sandeep Maheshwari... Because in one video he said "Don't invest in Real Estate Company" And in another video he said "Invest in Real Estate Company" What the hell is this...
@@AmanKumarSinhaOfficial Bro he never gave any Financial advice to anyone ...he is just giving examples and misunderstood it......btw i am following him from 2 years and believe me he is the most generous and reliable 💜
Circle rate should be increased by 20-30% atleast and Every Property should be linked with Aadhar Card of every Individual so govt. Should have data of how much Property an individual holds
The problem is that government doesn't discourage people from buying more than one property, because they get revenue, secondly huge amount of black money both in business and government employees, so there's is buying spree which raises demand for property.
One of my uncle built a house after struggling for years with low salary and eating less and never traveled out of city and never had a car. Finally made a house and when kids settled he went to their place and gave his house on rent. After 3 years now the renter says he won't vacate the house. The issue is now in court and it is tareekh pe tareekh now in court.
In Lucknow, the property rates are almost same as Banglore. I used to think how come ? Where is the demand coming from for such high rates ? What job based out of Lucknow is able to pay people enough such that 3bhk appartments for 1.5-2 crores finish in a moment. Then i realised the reason. Real estate in India is not for people who do things "by the book". No matter what I make and what I save, will never be able to buy house in my hometown! It was a childhood dream but will only remain a dream 😐
Sachme yaar 2003 ka khareeda purana 15 lakh ka 3 bhk kaha se abhi 2 crore ka hogaya 50km airport ki duuri par delhi mein 😕😕 ye bakwaas China mein chalta thaa aur chalta aa raha hai waha bhi ghar khaali hai, phirse price badha toh hum sabko govt ko bolna chahiye kuch
In lucknow the housing price is super inflated. House are generally 7500-10000 per square feet.. If you are looking to buy in outer still it is somewhere between 4500-6000 per square feet which is still to high for middle class. Lucknow doesn't have any good private jobs and prices are skyrocketing. I hope someday there will be some action taken so i can also afford to buy a house
I was kind of explaining this to my family once, they said you are too young for all this zameen zameen hota hai. E.g For a tier 2 city patna is highly inflated in real estate prices matching even some areas of bangalore, noida pune. When adjusted for infra and facilities its way too costly. India can't control this now, maybe we focus on better rental laws atleast.
Man the prices in patna have skyrocketed for absolutely no reason, we don't even have proper industries here still the price of real estate is going up&up
@@yt_bharat It's better to form a housing cooperative society and acquire and build houses by like minded and trustworthy citizens to check absurd prices. It has been out of bounds to buy a house for living due to corrupt politics.
This is deeply concerning! However, today as i was returning home, in my car i was thinking, there is no car owner’s right. We pay road tax, we pay insurance , we pay all other taxes, yet if a pedestrian walks carelessly in the middle of the road, and an accident happens, the car driver/owner is penalised. The roads are bad, the pedestrians do not have safe footpaths. Could you make a video on this. And how middle class is being made to bear the financial burden, without getting much in return?
In Hyderabad 100,000RS to 400000 per square feet price is too high. If you want to buy 100 square yard plot it will cost you 2 crores or higher. If you want to buy flat it will cost 80 lakhs to 1.20crs 2bhk.
I am totally agreed with your explaination. I also faced same situation where people selling plots 3k to 4k higher than circle rate and also people are purchasing happily with little negotiation. And as you said about law many politicians are already in this field then why they do so against him?
Great video. The place where I live has numerous empty flats, which they call, 'investors' ke pas hai. Out of our affordability, empty, no one cares. And then there are brokers, they make sure that they don't leave a single penny in your pocket which is your hard-earned money. And finally Government, every law made by them impacts honest people, not a single corrupt person is bothered about it. Then people ask why everyone wants to leave India. Nobody can do sh*t about it because more than half of all empty flats belong to these politicians.
I feel govt should introduce cap in buying properties per individual, so that it will limit chances of stashing the black money and will limit the corrupt practices as they will be out of option to stash their money which will be of no use.... great effort 👍
@@sasikanthmynampati158 Govt wouldn’t want to do such a thing. Ye sab black money wali property zyadatar corrupt ministers and bureaucrats ki hoti hai.
Great explanation sir. I totally agree with you.The same thing is happening with other high Ticket item like cars also. Govt is charging super high taxes and if you try to buy with white income you end up paying almost 50% in taxes to government but these corrupt people buy in the name of business and declare in the depreciation and get benefit every year. If it is asset then it is for salaried people also and they should also get the same depreciation benefit.
He is not against business, he is pointing to misuse of business entity to hide taxes. Its not an India problem but global. Will be solved soon, few more years.
I was thinking of buying a new car but now after looking at the inflation and high interest rates i am in a dilemma. Should i invest such huge amount in a depreciating asset right now?
You can get one if it's used for business activities and growing your business even further. Don't do it for leisure purpose though. Atleast not until you can outright buy it. Taking a car loan is lunacy. I've learnt it the hard way.
This is why I prefer investing in stocks. Also, as my father would say, "A stock wouldn't call you at midnight to say the AC is not working." Stocks are far more convenient.
Wait until you hear the corruption in stock markets. Real estate corruption is still traceable, stock market corruption is so behind the scenes that you think its all supply demand. Anyways more on the subject later.
Sol is simple - remove cash based transaction in real estate and make PAN mandatory (if not already)! But ispar Parliament mai kabhi discussion nahi hoga since major black money in real estate is that of politicians and bureaucrats, i.e. the rule makers and implementers! They will never bring a law for this!
Here in Mumbai, one more thing that contributes to expensive housing is corrupt local administration (municipal etc).. for project clearance builders spend lots and lots of money paying officials as bribes. This makes cost of project itself very high. Which inturn is recovered from the buyers.. and what happens with bribe money, pranjal just explained... It's a vicious circle
Totally agree, i have faced this kind of issue. Most of these builders want 70-80% percent of money in black, but a middle class person who is taking home loan to buy can't buy it because home loan is given on circle rate not the black money asked. I personally want to buy home for my parents but can't even after having down payment because of this issue.
You need to go to a private bank and ask for loan on “renovations”. LIC won’t get custom amount loans but hdfc can. Or find a new(better) builder. Problem solved :)
@@onceajordan I had tried all that with HDFC no easy or simple way of getting it, also i tried with almost all builders - i belong to a tier-3 city in UP.
Sir...good information but you also forgot about NRIs.....they are also investing too much in real estate....if personally house ownership restricted by the government then only it can be controlled.
Excellent explanation with simple case study. I hope you will make video about what these real estate companies do with this black money. What loopholes they use legally and socially? What role daily labor play in this money laundering?
What a wonderful analysis Pranjal Bhai 👍
Hi
Wow 😳 you commented
We are with you ❤
Bhai ye aadha analysis ko agar tum wonderful bolre ho to iska dusra side me bata dunga . Or ache se to meko paise bhej doge ... 🤔🤔🤔
after seeing these video, the corrupt guy inspired me to be corrupt tax envader too. let's move to Singapore.
When I was discussing about honesty and corruption, one wise man made a statement, 'all those who do not have opportunity to be corrupt are honest'.
That was a loaded statement, when I started looking at society through this perspective, I felt that it is true for most of us.
May be this topic is worth a video by itself
Yeah
That wise man wants to justify ro himself that being corrupt is right ....
:)
@@husanera8396 That is true. But, when I tried to confront this statement with examples, I realized that those having opportunity to be corrupt but staying honest are an exception, not a norm
@@kiranvootori8101 well then,we as a society need to rethink ..why so?
I being in teaching profession,at my place observe the making of corrupt in local schools..
students cheat in exams ..
they feel that it is ok to cheat..
just to show off the ill earned marks..
I believe this is one of the many factors in the making od corrupt morals
@@husanera8396 Exactly. I have seen fathers driving on wrong side of the road to drop their children at school in time. Kids keep yelling that it is an offense and father trying to justify the act was in interest of reaching school in time, or being eco friendly by saving fuel.
But, what they don't realize is that they are breaking the connect between what is being taught in schools and what is supposed to be done in the society.
The thought process of the kid will shift from the process to the goal. It manifests into thinking that marks are the goal and it does not matter how they are achieved.
By corrupting those young minds, we are corrupting next generation.
I hope our education system evolves and tries to shield the next generation from such influences.
I know it is lot easier said than done. Especially, when it is coming from their own parents.
But, if I were a teacher dealing with such students, I will try to dilute the 'value' of marks by giving them 100/100 and announcing it in the class that they are being awarded 100 because they come to school for marks, and there is no shortage of marks to be distributed.
The sense of achievement is gone.
Having said that, I want to assure you that those who resort to such practices can also succeed in life using these same skills for getting out of problems.
This is literally true:(( I have been living in Hyderabad for more than 2 decades, and for the past 5 years, I'm seeing that housing prices have skyrocketed up to Rs.8500/- per sft. for no apparent reason. I'm even more surprised to see tech professionals taking loans to buy property. Gone are the days when we used to hear in social textbooks that the house is a fundamental right to human beings
Iam from hyderabad and totally agree with you. Most of Microsoft, Amazon, Google employees own two flats thru loans
@@rum81 because of this high paying proffetional real estate is worst
Collectively, we have to elect good people, as the politicians are biggest stakeholders in this inflated housing costs for common people
Akshay, with fundamental rights, also understand your fundamental duties, which is electing good leaders. Only that ll end this injustice with regards to monopolistic pricing
People with slush money are into real estate business. They can wait till the fancy rates as demanded by them are met. To entice buyers, the power that be act in tandem with these developers. This is done by rebate on interest on loan amount taken on housing. This is like robbing the future income of country today. By such action the developer gets his fancy rate on 1st day. This is what is achieved by such loans. Loan taker is delusional that his loan burden is softened by this rebate. Just imagine if the rebate on interest was not there. Would a working class person take loan then?
This also affects those who are living on rent as well because when the price of property increases, it will ultimately impact the rent on it as well.
No rent is always based on demand and supply. Just because a property price is high doesn't mean rent should be high.
@@mysore1982 The economics of demand supply has gone for a toss and most of the economic theories have failed in the last few years.. to be honest, rentals have also sky rocketed.. just see some listings on online portals for houses in your locality or in a major city.. the rent has actually increased and even when there are people not willing to pay, the rent is hardly brought down by the landlords who prefer it remaining vacant than let it out for reasonable rents.. it's very important that govt taxes empty houses based on market/notional rental values for people holding more than 2 houses.. so that they will start renting out at reasonable rates and have their rental income taxed based on their actual income or some might want to get rid of the house and this can bring prices to a reasonable rate
@@mysore1982 Yes in Hyderabad some flats which cost 2 Cr plus are only 40k to rent
When I was a kid, it never bothered me. I loved being friends with rich kids.
But now I've started living alone by myself, taking care of all my expenses, I've started hating rich people and their kids. They have every advantage in the world (most of them are below average) but always end up way better than us.
Sir, My father feels pitty over himself
as he has been working for 25+ years now and still is not able to build a house, although we are fine with it cause we are living fine........... But as many of his friends have made a house early in life, he believes that, we-his children would question him after he goes that, "Ek ghar na bana sake humare liye" !! I am not old enough but still I comfort him that, aise values nahi sikhai hai aapne, hum aisa kuchh nahi krenge and rahi samaj ki baat, toh woh log earn kr ke hume nahi khilaa jaate, so they don't have any right to be saying that..............
Unko yeh video dikhana, shayad he will stop blaming himself. Also unko mera charan sparsh dena 🙏🏼
@@pranjalkamra zaroor sir, aapke kai videos ke karan mai ek-ek kar ke kai logon ko brightness me laa raha hoon............
Jaise
*byj*s waale video se apne cousin and friends ko bachaya
*kal ke BNPL waale video se doston ko
MLM ho ya credit card, tax harvesting ho ya tax evasion, "shorts" ke kai topics..........
Bus aise hi video banate rahiye, kyunki ek banda wise hota hai toh woh sabko krta hai and WE want this MLM in our life
Thankyou sir
@@pranjalkamra we can better leave the country
@@pranjalkamra so are so kind.
My parents totally opposite, when real estate prices were dirt cheap they refused all plots and houses from my hometown, they put all the money in an illegal shop, lost all money, I had to do part time to pay my college fees, now my Dad got retired and were forcing me to buy a house on loan, which I do not like as prices are too high, even 30 years of loan I'm not able to afford it. Now I'm literally getting blackmailed that they won't find me a girl until I buy a house for them, it's more than a year they've stopped answering calls from any potential bride, now recently they even lost all their retirement saving to my fraudster cousin in ICICI Bank, he lied to them that he would get auctioned property for dirt cheap prices, and they fell for it.
You spread pure humanity!!! Mere father ne apne time par bahut kuch kiya ...even hume best life di with own home but still i said ki papa aapne waha kyu nahi liya. My father remain silent. I booked one flat of 60lakh agle din se neend nhi aayi and i cancelled the flat. I got my answer clearly. I am really proud of my father. I am nowhere till now jo unhone kiya sabke liye kiya. Pranjal sir you always make us feel we are running for fake things reall happiness is somewhere else...thank you 🙏
🚩🚩🚩🚩🚩
Bhaisahab, ab waqt aa gaya hai ki middle class desh ki achi politics me dhyan dena shuru kare. Warna ye nahi badlega
Bhai tumhari story samje nhi ache se. Betao na
Isi lie kahte hain baap ki batein baap banne k baad hi smjh aati hain. 😄
It was so touching reading your comment. May you achieve all your goals in this life brother.
GST or stamp duty should be variable based on the number of properties the owner had. for example 1st time buyers can pay very minimal tax like 3 or 4 %. if the owner is buying his 3rd or 4 th or any more tax should increase accordingly . As now all properties are linked to aadhaar, I think this can be managed
Wat if property is bought on the name of every member of family? How will u manage that?
Beta, ache politicians chuno
Aadhar has nothing to do. Transactions are happening at circle rate only and is perfectly legal. No one can raise questions in that case until you can trace the black money. In housing sector, it's impossible coz it's a chain. Don't believe, visit hardware, lakkad market sometime and you'll come to know that these markets operate fully on cash. No credit, no UPI, no cards. Someone may be taking but that's just for the sake of reporting some legal income.
@@yt_bharat pehle paida to ho... tab chunenge...lol
Hume politician ko control Krna hoga
Good analysis Pranjal !
I can tell you how they resolve this in the USA 🇺🇸 . They don’t charge GST/Sales tax during buying the house 🏡. But they charge annual property tax of 1.31% of the value of the house (based on circle rate) !! And the circle rate keeps changing based on actual transactions happening annually. Even if there is one honest transaction - the circle rate effectively will go up. so property taxes go up. Hence there is no difference between circle rate & market rate ! So cash or bank doesn’t matter. Also real estate agents would potentially lose their license 🪪 if they were take part in such activities. India , I think doesn’t have a real estate agent license 🪪 .
Pranjal sir, you explained all this in a very simple language. Keep it up sir. We really need a law to get rid of this problem.
"Jhaadu wala nahi, sach wala aam aadmi" was epic !!
You are a great asset on RUclips. Glad that I came across your channel.
I don't get that
@@Ask-li9ok He is referring to Aam Aadmi Party symbol 'Jhaadu'
Very true, the Jhaadu Wala Aam Aadmi has made big bucks upgrading schools across Delhi.
Lnd bjp karyakartas and IT cell karmacharis lcking mr modi's boots.
If he is doing good work by providing free edu why do u hate him
Don't u wanna see every poir of india get educated.
Tattewaadi hindutva lckers and corrupts
I fully agree to the explanation. It seems to be absolutely impossible for middle classes to afford a decent property with monthly pay checks. Even if both of the couple are working in white collar jobs, buying house means you are having a 20-25 year plan. In Kolkata there is no RERA also. The existing HIRA board is invalidated by court. But there is no news of RERA formation. The political situation also support this practice. This is almost an organized syndicate.
True Bhai
Thanks to Didi 🙏
Then y Bengal voted to didi
@@saurabhrathore1416 The 40% illegal Bangladeshi immigrants and few complacent lazy bongs voted that b****. Good that bengal is degrading day by day. It deserves this.
Absolutely 💯 agree
This was a much needed video Pranjal ji, you've touched a big problem today & showed us the real difference.
.My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. hence I will suggest you get yourself a financial-Advisor that can provide you with entry and exit points on best stocks to buy now or put on a watchlist.
I looked him up, and his credentials and resume are excellent, so I can see why he's booked up. Nonetheless, I scheduled a consultation with him
SCAM ALERT
Very well explained sir. This is the reason why cash should be eliminated. One cannot track the cash transaction
Nice analysis!👍
RERA is not enough to remove corruption in real estate business. I closely associated with this industry, almost 90% transactions are happening in cash, that's the main reason of corruption. Political leaders, powerful people & corrupted business persons are strongly involved in this business. It's true Sir, an honest person always suffers by the system.
Haha, come in a city like Kanpur, projects khali pade hain lekin daam kam nahi ho raha
Rera is too damn late when the capturing of land was in full swing circa early 2004
Rera 10 saal baad aaya, jab amar singh jaise log mota maal kama chuke aadhi se jada property kabja karke
Totally agreed. Since circle rates are so low every builder has the leverage to manipulate prices and government knows this and i think nobody has solution for this problem. But we should keep in mind the development rate that real estate holds everywhere in this planet and the %of population in India which gets paid in cash and pay minimal taxes.
I liked the idea of increasing tax on properties under a single owner.
I guess the government can put a cap on how much more a builder can charge over circle rate. fix a range instead of point price. Or government could adopt policies from nordic countries, where flats and apartments are taken back by government if they are left vacant for long time.
@@pessimistic_optimism nordic stratergy cant work here
As workers are costly over there
Here builder will put any worker on rent. This way house is not vacant at all
50% over circle can be sold...
@@rashid4490 if he puts someone on rent then essentially its off the renting market isnt it? and he is losing money.
@@pessimistic_optimism He'll show this on papers without actually renting anything.
Every solution govt can think of, there are 100 loopholes present in it. So, better to leave it on demand and supply.
If this video had english subtitle, I would've shared this to my friends.. Please provide that bro.. We need this kind of revolutionary videos...💗
Bahot badhiya baat boli aapne.Wonderful sir.
Salute to you sir.
Exactly, I faced the same issue. I visited after a week builder raise the price 5 lakhs for 2 bhk apartment. I was very very frustrating at that time. I am not able to buy house till date. :( Big Corruption in Real estate. Super analysis sir. 👍
But how these things will Stop?? How common will buy a house in City area?
@@jioboy2676 Need for stability in growth rate. The builder should sell the house at the same rate for everyone. There should be more greed from the rich people, but builders take more money from common people.
Corruption free ho chuka hai bharat to 🤣
Chaiwala😂
Sir you are becoming pure...and you now you are providing us pure content... salute for making genuine contant....love u
Thank you sir
I am following since a year
Now i am 18, and very confident about dtock,share market
All coz of you.
Excellent analysis...I had lived in Mumbai, where nearly 1/3 of constructed homes are empty, but still people are living on roads..and chawls ..
Corruption made home unaffordable for normal people, and HNI are buying multiple homes , even if they are keeping it empty
Ever thought about the politics of this country where the same middle class is astute towards electing genuine politicians. It is the politicians who are the biggest stakeholders in this market, nothing will come down unless we as a citizen change!
Thank you for being an ignorant middle class
its because renters can kabza / take over the flats in mumbai
if I had a 1cr flat generating 25k rs a month, its better to leave it vacant than risk it getting taken over by renters
ask the Maharashtra govt to make a promise that they will forcibly vacate a flat within 24 hours if landlord wants.
this will open up lakhs of locked flats in mumbai.
@@fwefhwe4232 right, this thing heppened with our flat in 2020 they didnt gave us the money for 6 months and also did not vacant the flat police will not help you we and after that we didnt gave the flat on rent now for 7_8 months now when we gave we done it through agent and proper paper filing with terms and conditions.
Like China
A suggestion/request : When you calculate, please put the numbers on the screen for the audiences to visually see the calculation, it will help the audience to keep up with the calculation.
आपका कहना बिल्कुल सही है कि काले धन से रियल एस्टेट की कीमत बढ़ रही है। उपाय ये है कि(1) एक व्यक्ति को 2 से ज्यादा फ्लैट या घर खरीदने पर रोक हो। इससे काले धन से बहुत से फ्लैट/प्लॉट खरीदना बंद हो जाएगा।(2) प्रॉपर्टी डीलर के व्यवसाय को सरकार रजिस्टर्ड करे और प्रत्येक प्रॉपर्टी सौदे जो डीलर के द्वारा हों उसमें डीलर का नाम भी दस्तावेजों में लिखना जरूरी हो।
Eye opening knowledge. This will shape my future decisions. Love from the bottom of my heart ❤
You Nailed it Pranjal, to the point exact, just awesomeness 👏
Awesome explanation. One point from my side - A house is the most expensive investment we make. And yet we don't get to see it . If only finished properties are sold then a lot of this corruption and delays etc can be solved.
Allow me to disagree. The most expensive investment is to raise a family. Getting married and raising kids will eat more of ur income than a house. While investing in a house, a person atleast has a choice. He can opt for a large, luxurious, ostentatious palace or a simple abode that keeps the rain and the sun out and provides protection. You have no such liberty while raising a family.
This does not mean one shouldnt. Its just the way it is.
@@ajitnairk010 allow me to disagree. living life is d biggest expense.
@@SD-dq6qw Hmm. On hindsight, i agree
@@ajitnairk010 True buddy, that's why I am single and childfree for life😇
@@ajitnairk010 can i marry and decide to not have a child?
Fantastic video Pranjal..I am definitely sharing this..
Till now the best video I ever seen in RUclips about inflated economy. Proud to be Your subscriber Pranjal Sir.
I feel Shame that couple of years back my father also bought 3 houses through cash and now I am relishing it that he has bought them through black money he had. Thank you Pranjal sir for opening my eyes and will share this video with my father to open his eyes too.
Three houses you can't buy with white money.
My father buy 10 plot in cash, when price go down in crona virus
Now price again rising - we got double benefit
My father is doctor
@@todaygoal6982 congrats
@@todaygoal6982 Wah
Your Father knows it but he won't stop
really an eye opener for me. My father retired recently and even after 30 plus years of service, couldnot afford a house. Now he blames himself. this video just made me aware about manipulated housing prices. Sadly, I feel same thing will continue and I will be in same situation
Very honest, intelligent, wise, well- reasoned explanation.
We all must take all possible efforts to eradicate corruption from India through literacy.
There is no corruption after demonetisation
@@diamond_dew yes it's all sophisticated stealing now, no one can question how property rates are so and so, a thick textbook of rules will be handed over to you to skirt around and get bogged down
Exceptionally well explained....Sadly there is no real estate consumer forum that can protect buyers like you and I who by on installments.
One suggestion is that the circle rate for two or three kind of projects should be released by Govt...else there is no respite.
Huge respect for u ... what an true and daring video... this is the black face of our so called developed cities....
Builders too face corrupt officials for clearing projects which again escalates the cost and breakeven...this point also needs to be addressed
Nothing will change 🙏 but an honest advice middle class needs to do away with emotional investment like an House... better get an agricultural land pay to the farmar , built a small eco-friendly house , grow some veggies... and live a susegad life
Thank you . This was very much needed. The young generation of india is struggling. The dream of owning a house comes at a big price .
बहुत सच्चा और स्टीक आंकलन किया है 👌🙏
Pranjal Bhai...hats off.. genuine
Great explanation sir,my father always regret that he can't buy own house for us, sometimes I also blame him for not buying any land in previous years,today i know what's the problem... thankyou so much
Aaj unko ice cream khilana & tell him u r proud of him
@@pranjalkamra yes sir,sure
Bilkul ham is video ko share karenge sir
Same in my family. But we also understand how the dirty politics of the country has led us to these exorbitant pricing! Start participating in electing good politicians. There is no solution or shortcut against such unfair pricing. Nothing will come down to reasonable levels unless politics and policies change
@@yt_bharat correct nicely summarised.
We're real estate developers from Raipur CG and its true. The system extorts money right from land acquisition to getting permits, town planning approval, electricity board, then there are complex regulations, area left for LIG, it adds up to a lot and then the price is passed on to the final consumer
But CG Raipur jaiss kahi bhi Real state Developed nahi hai it's the best place to buy
Yes sir ..property prices are curupted bubbles....👍🏻👍🏻
Wonderful video bhai....may it reaches to parliament
Really liked ur vid sir, the way u used sarcasm, social msg, ur example is absolutely good
Solution to this problem is :-
1. End income tax totally
2. Allow only upto 50 rupees note.
3. Purchase greater than 500 should be online.
It will end corruption and crime upto 95% and also helpful to analyze real economics of country.
Wonderful Pranjal Sir, government should look into these loop holes. Very nice effort, thanks from the bottom of my heart 🙏
They are involved too
Love your knowledge and Truth 👍❤️
Very nice explanation. 1st time I m seeing. Nice job. Thnx👍🙏
Will definitely share across
Brialliantly explained!!!! My god one of the finest video.
Wonderful detailed analysis, Pranjal !!!!..........Very insightful
Thank you sir!
Suggestions
1. Property should be linked with aadhar card
2. Not more than 2 property should be linked with aadhar card
3 After certain period of time penalty should be imposed on non constructed commercial properties
Good honest try brother.keep doing such honest and eye opener videos .
Pranjal sir I am a motivational speaker and a personality development trainer. So I wish to join you in this such a Nobel cause and work so by any means can I work with you . Regards
Er Agam Singh
Bhaiya aapka samjana ka tarika jo hai na wo alag level ka hai accha sa samaj ma aata hai
A much needed and beautiful video pranjal bhai
Fantabulous content as usual, Cordial Thanks for your very valuable contribution towards Society. Financial literacy is the only way for so many problems in our country. We Indians have been loosing our hard earned money due to "lack of financial wisdom" only.
Elect good people
First comment, after seeing you in sandeep maheshwari sir's channel , I started following you and become a fan of you❤
💜
But he is not like Sandeep Maheshwari...
Because in one video he said "Don't invest in Real Estate Company"
And in another video he said "Invest in Real Estate Company"
What the hell is this...
I also learn a lot form Pranjal Kamra sir...
But this thing really dissapointed me...
@@AmanKumarSinhaOfficial Bro he never gave any Financial advice to anyone ...he is just giving examples and misunderstood it......btw i am following him from 2 years and believe me he is the most generous and reliable 💜
@@AmanKumarSinhaOfficial 💜
Circle rate should be increased by 20-30% atleast and Every Property should be linked with Aadhar Card of every Individual so govt. Should have data of how much Property an individual holds
property now a days r linked to addhar card... if u sale purchase any property...
@@LearnEarnTradeEnjoy yes but is government maintaining database of properties linked to aadhaar ?
@@carahulraj6920 Still it will not help. They will tell they bought the house for 30L only with white money
Haha, increase your participation in politics, good governance. Baki sab apne aap sahi ho jayega
The problem is that government doesn't discourage people from buying more than one property, because they get revenue, secondly huge amount of black money both in business and government employees, so there's is buying spree which raises demand for property.
Simple analysis on a complex problem. Thank you
This video really need to be heard by all.
खुप छान मुद्दा सर!
One of my uncle built a house after struggling for years with low salary and eating less and never traveled out of city and never had a car. Finally made a house and when kids settled he went to their place and gave his house on rent. After 3 years now the renter says he won't vacate the house. The issue is now in court and it is tareekh pe tareekh now in court.
We are by nature unethical people. We are lazy. That's why you will see corrupt politician, corrupt businessman like that renter.
@@barunhalder1231 jab khud mauka mile toh hum bhi corrupt ho jaenge
In Lucknow, the property rates are almost same as Banglore. I used to think how come ? Where is the demand coming from for such high rates ? What job based out of Lucknow is able to pay people enough such that 3bhk appartments for 1.5-2 crores finish in a moment.
Then i realised the reason. Real estate in India is not for people who do things "by the book". No matter what I make and what I save, will never be able to buy house in my hometown!
It was a childhood dream but will only remain a dream 😐
its better to buy a house 20km away from city. with electric scooters, the daily running cost of 40km is just 5rs.
Next time vote based on issues like this. Not religion. After elections, don't get upset about high cost of living, corruption, black money, etc.
Sachme yaar 2003 ka khareeda purana 15 lakh ka 3 bhk kaha se abhi 2 crore ka hogaya 50km airport ki duuri par delhi mein 😕😕 ye bakwaas China mein chalta thaa aur chalta aa raha hai waha bhi ghar khaali hai, phirse price badha toh hum sabko govt ko bolna chahiye kuch
Eye opening analysis ❤️ loved it. Hopefully these things changes.
Sir ek PAN no. pe ek hi ghar allowed hona chahiya ya maximum two.
In lucknow the housing price is super inflated. House are generally 7500-10000 per square feet.. If you are looking to buy in outer still it is somewhere between 4500-6000 per square feet which is still to high for middle class. Lucknow doesn't have any good private jobs and prices are skyrocketing. I hope someday there will be some action taken so i can also afford to buy a house
Very well understood and expressed middle class parenting. Keep doing good work
I was kind of explaining this to my family once, they said you are too young for all this zameen zameen hota hai.
E.g For a tier 2 city patna is highly inflated in real estate prices matching even some areas of bangalore, noida pune.
When adjusted for infra and facilities its way too costly.
India can't control this now, maybe we focus on better rental laws atleast.
Man the prices in patna have skyrocketed for absolutely no reason, we don't even have proper industries here still the price of real estate is going up&up
Aur ache gundaa logo ko as politicians chuno. Wo log aur bhala karenge middal kilaas ka
Options m jb saare gunde hi ho toh kya krenge....public kon si acchi hai
@@ravisharmahere then ask for the change, collectively. Kaun influence kar raha hai real estate prices?
@@yt_bharat It's better to form a housing cooperative society and acquire and build houses by like minded and trustworthy citizens to check absurd prices. It has been out of bounds to buy a house for living due to corrupt politics.
Great video and well explained.... I'll certainly forward it to my friend circle.
Awesome video - more power to you!
Concept of circle rate was a revelation.
This is deeply concerning! However, today as i was returning home, in my car i was thinking, there is no car owner’s right. We pay road tax, we pay insurance , we pay all other taxes, yet if a pedestrian walks carelessly in the middle of the road, and an accident happens, the car driver/owner is penalised. The roads are bad, the pedestrians do not have safe footpaths. Could you make a video on this. And how middle class is being made to bear the financial burden, without getting much in return?
Great explanation sir. My father also regret for same case.
In Hyderabad 100,000RS to 400000 per square feet price is too high. If you want to buy 100 square yard plot it will cost you 2 crores or higher. If you want to buy flat it will cost 80 lakhs to 1.20crs 2bhk.
One of the Kamra who i love to listen.. 👌
So thoughtful analysis Pranjal Sir
VERY AWESOME KNOWLEDGE SIR I AM SHARING THIS VIDEO.
Many many thanks!
I am totally agreed with your explaination. I also faced same situation where people selling plots 3k to 4k higher than circle rate and also people are purchasing happily with little negotiation.
And as you said about law many politicians are already in this field then why they do so against him?
Nice explanation. Good job.
Kudos bhaiya! You're MSD of finance, not conventionally trained but sticking to the basics. 🔥
Totally agreed..
What about LIC's endowment plan sir. Like jeevan shree 112. Should we buy or not.
Excellent heart touching analysis...
Great video. The place where I live has numerous empty flats, which they call, 'investors' ke pas hai. Out of our affordability, empty, no one cares. And then there are brokers, they make sure that they don't leave a single penny in your pocket which is your hard-earned money. And finally Government, every law made by them impacts honest people, not a single corrupt person is bothered about it. Then people ask why everyone wants to leave India. Nobody can do sh*t about it because more than half of all empty flats belong to these politicians.
I feel govt should introduce cap in buying properties per individual, so that it will limit chances of stashing the black money and will limit the corrupt practices as they will be out of option to stash their money which will be of no use.... great effort 👍
No, that’d be too socialist
@@akashekhar But govt can increase taxes with each property they buy.
Covid ke time they use diff accounts of relatives
@@sasikanthmynampati158 Govt wouldn’t want to do such a thing. Ye sab black money wali property zyadatar corrupt ministers and bureaucrats ki hoti hai.
Aadhar card + Family ID + property ID … once this is setup i guess things will change
Great explanation sir. I totally agree with you.The same thing is happening with other high Ticket item like cars also. Govt is charging super high taxes and if you try to buy with white income you end up paying almost 50% in taxes to government but these corrupt people buy in the name of business and declare in the depreciation and get benefit every year. If it is asset then it is for salaried people also and they should also get the same depreciation benefit.
Toh karle business rokh Kain raha hai?
Well you and I elect such corrupt class of people with our ignorance. Keep up the good work as middal kilaas
@@muditrathi Pahle Baat Karne ki Tameej Seekh, ye karle karle kya hota hai, jahil janwar ki aulad
He is not against business, he is pointing to misuse of business entity to hide taxes. Its not an India problem but global. Will be solved soon, few more years.
Is it better to build own house
My first video of your channel..
Without any doubt subscribed n liked n appreciate your work...
Thank you so much 😀
I was thinking of buying a new car but now after looking at the inflation and high interest rates i am in a dilemma. Should i invest such huge amount in a depreciating asset right now?
You can get one if it's used for business activities and growing your business even further. Don't do it for leisure purpose though. Atleast not until you can outright buy it. Taking a car loan is lunacy. I've learnt it the hard way.
Sir I'm really learning a lot from your videos. Thank you for making me financially aware of such less spoken topics. 😊
This is why I prefer investing in stocks.
Also, as my father would say, "A stock wouldn't call you at midnight to say the AC is not working." Stocks are far more convenient.
Totally Agree with You!!!
Well a real estate would never go from being worth millions to pennies overnight
Wait until you hear the corruption in stock markets. Real estate corruption is still traceable, stock market corruption is so behind the scenes that you think its all supply demand. Anyways more on the subject later.
@@satinderkhatana7166 isiliye diversified hote hai dost
@@satinderkhatana7166 In real estate, invest only in Land.
Superb content Pranjal
A wonderful step .... I support you sir 👍👍👍
Sol is simple - remove cash based transaction in real estate and make PAN mandatory (if not already)!
But ispar Parliament mai kabhi discussion nahi hoga since major black money in real estate is that of politicians and bureaucrats, i.e. the rule makers and implementers!
They will never bring a law for this!
Here in Mumbai, one more thing that contributes to expensive housing is corrupt local administration (municipal etc).. for project clearance builders spend lots and lots of money paying officials as bribes. This makes cost of project itself very high. Which inturn is recovered from the buyers.. and what happens with bribe money, pranjal just explained... It's a vicious circle
Totally agree, i have faced this kind of issue. Most of these builders want 70-80% percent of money in black, but a middle class person who is taking home loan to buy can't buy it because home loan is given on circle rate not the black money asked.
I personally want to buy home for my parents but can't even after having down payment because of this issue.
You need to go to a private bank and ask for loan on “renovations”. LIC won’t get custom amount loans but hdfc can.
Or find a new(better) builder.
Problem solved :)
@@onceajordan I had tried all that with HDFC no easy or simple way of getting it, also i tried with almost all builders - i belong to a tier-3 city in UP.
Keep electing wonderful leaders, aadhi property to wohi kabja karke baithe hain
@@yt_bharat you tell na which politicians in better for this aspect, isn’t all of them are same.
@@sanyamsinghal7992 then keep buying inflated cost properties
Kamra ji....bahut achha video. Greetings..!!
Great Pranjal!!!
Sir...good information but you also forgot about NRIs.....they are also investing too much in real estate....if personally house ownership restricted by the government then only it can be controlled.
true they hv money to spare
Full support u sir 🙌❤️
Excellent explanation with simple case study. I hope you will make video about what these real estate companies do with this black money.
What loopholes they use legally and socially? What role daily labor play in this money laundering?
They fund the elections
I have quiry.woh builder ke pas black money aayega usako kya karega?Nice video sir...
Sir kya super duper video banayi hain apne