Why we Indians don’t trust ‘brokers’ (from a tenant’s perspective) 1) Brokers unnecessarily hype the rent (like he told an example where ₹95k ask went for ₹1.20L) 2) Since the brokers are not regulated, most of the tier A cities have goons or rogue people working as ‘brokers’ 3) Society/Apartment management committee or residents becomes the broker for the same society. 4) Even if you contact the owners directly but some brokers will pressurise to pay brokerage. 5) There’s a repetitive yearly brokerage rule which makes tenancy difficult especially in Mumbai.
A Broker Run behind you, 1 Month for your Requirement ,in the end of month Buyer or Saler or Tenant say Now i have to wait some time or no budget or Let me discuss with my family and some time say No' 1 or 2 Months wasted time Result 0
Enjoyed listening to this young man. I used to watch his channel for fun because of his impromptu comments and lack of preparedness. Now I know that he is a real man !
Being in the real estate market for 4 years, everything Ravi says aligns well with my experience. It's a wild west and there is no regulating authority to look after this issues.
bro, REAL ESTATE REGULATORY AUTHORITY(RERA) is established under Real Estate (Regulation and Development) Act, 2016 ...is the regulating authority..kindly have full knowledge....I think you meant to say that real estate sector is unorganized, but it is not unregulated.
Hey was a pleasure hearing about your real estate journey so far. Can relate with your experiences and your trials and tribulations very well. I'm a grey haired realtor myself with 30 years experience. Would be nice if we connect and exchange notes. Keep going. Cheers!
He is a known face in this Industry and if such a person talks like this, not sure why the real estate brokers even exist. 2% brokerage in this digital era for just showing the property, crazy.
It’s a hard business I am doing from last 3 yrs Daily 8-10 hour work karne ke bad bhi aaj meri last 3.5 month se ek bhi deal nhi hua hai!!! Itna easy nhi hai real estate business
You do realize it's just not showing a property. You have to scalp through the market to get your hands on a property, find a seller who is ready to file a deal with you, thousands of legal terms and conditions, and finally at the end you get your hands on a property. Also all this is half of the business. Sucessfull realtors are dealing with 100's of properties like these on a daily basis. And, we as buyers need real estate brokers because a property online and in-person is very different. There are so many small things which you even won't know about if online was the form of selling houses.
It's not that only buyers can give brokers grief. Mine was the opposite experience. I recently sold a small flat in Mumbai. The broker who also earns a commission from the buyer decided to give the buyer my house keys so that he could do some Dussera ceremony in it without my knowledge. It was absurd as the buyer had just made a small token payment. Luckily I found out what happened behind my back. I was advised by my lawyer to take the keys back and change the locks. In the UK, it's against the law to have the same broker represent the buyer and the seller to avoid a conflict of interest. High time some rule of this type is also adopted by the Indian Govt.
We are setting up a very large plant for precast concrete for low cost housing and and luxury housing where the entire plant and Technology including software and training fully automatic controlled by robots with the best batching plant . Advantage 1 time saving of 60% We can construct 40lakh sq ft per year 2 saving of raw material 30% min 3. 100% leak proof 4 earthquake proof 5 all electrical and water lines are concealed 6 fireproof upto 4 hours does not spread very fast 7 carpet area increases by 30-35% 8 life of the bldg 100 years 9 our internal walls are load bearing so we don't use columns or beams 10 min labour of 10 of which 2 are crane operaters . 11 No pollution Our association is with Vollert of Germany a 100 year. Old company from Germany quality finish guaranteed as the entire designing is done on 6 D Bim programme . Unfortunately mumbai is just starting precast whereas vollert started first plant in 2012 with Shobha developers of Banglore .we have the best Architect Hafeez contracter .we are open to take contracts from reuted builders
Great interview. Good to hear from Ravi a great personality, who has spent decades together in this industry. His passion towards his work is truly inspiring. Every young person who wants to build a career in Real Estate must watch this.
Ravi has given lot of practical advice and tips to many entrepreneurs! I initially thought he was a smug but realise he has gone through the grind and build some great principles of doing business!
Currently in my 6 th year in the real estate Dubai market. Stumbled upon this amazing amazing podcast. It’s so crazy to see the similarities & challenges between the two real estate markets. Loved every bit of this 🙌
Back in the 80s he purchased it for 50K in Juhu. The best salaries at the time of was Rs.100 to 150. So if you adjust the inflation, the value is pretty much same. I am not saying the decision was wrong to buy those properties but my point is, 50K then to spend back then was similar to spendinf 10-20 Crores
Would be interested to know more insights on these three: 1. Your qualification process on HNIs and middle class clients. 2. Your business model/process/strategy in metro and non-metro cities. 3. Is it a good bait to buy or rent (not rent out) a property at this time given that several "influencers" via social media says to go for rent?
I am not an real estate agent but a buyer and I listened till that doctor's story. He was just trying to save some money which he earned by his hard work and he was doing it right in my opinion. I would do the same and I know 99% of Indians will do the same. We go to multiple shops before buying anything.
Indeed, it is a prevalent issue in our country-lack of integrity. Consider the scenario of dedicating an entire month to work diligently at your current job or business, only to be denied the rightful remuneration for your efforts because your employer is trying to save his hard earned money! Going to multiple shops is not equivalent to purchasing a property through an estate agent who offers kickbacks instead of staying loyal to the agent who initially introduced you to the project and assisted in narrowing down your options based on a thorough understanding of your specific requirements.
@Snehal Kolambe bhai no real estate agent is loyal to his customers, first thing they say is 5 other people are ready to final this by tomorrow, so book this property today itself. Otherwise, you will loose it.
@@youtubeaddict3041 I appreciate your perspective. It appears that a significant number of real estate agents resort to time-tested strategies, such as fostering a sense of urgency or eliciting fear of missing out (FOMO). These tactics may be employed in response to their inability to offer unique or superior professional services, hence their reliance on such overused methods that nonetheless remain effective. When I previously mentioned a lack of integrity, I intended for it to encompass both parties, including the agents themselves.
indeed we go to multiple shops before buying anything but if you get an experience where one shopkeeper is honest and and upfront then we still stay and buy from that shop even if it costs a bit more for sake of sincerity and genuine attitude. after one such experience it someone again coz for cheaper deal then there is definitely lack of integrity and respect.
@mackisbrocklesnar bro property is not something that someone buys frequently, it's once or twice a lifetime or maybe little more. Tell me one thing if one customer is giving you 7 crore and other customer is giving you 8 crore so to whom will you sell the property? All integrity will be gone when you see the comission.
Ravi sir's points are bang on. I too have returned back to India and with my father's support started Dunamis Lifespace, a real estate developer company. Had no idea how the industry worked, but God has been kind and our hard work paid off. We are developing multiple residential and commercial buildings at the moment. Wish everyone the best. Hope the industry becomes highly organised, transparent and ethical.
The most frustrating part is even after paying broker the lease aggreement is 11 months. Which means more than a months of rent is paid on brolerage. Its sad. There is no long term lease like other countries
you can have long term lease it depends upon owner what agreement you do. But generally owners don't prefer because after some years tenants can sit on property and claim ownership which leads to case and takes years to solve in our judicial system. Most owners will agree to 2-3 years max with increase in rent 5-10% every year.
I dont think these folks add any value and take a cut from both buyer and seller which doesn't make sense. Ideally the buyer shouldn't be paying any commission. Its time to formalize this industry too and bring it under the regulatory ambit. Also the whole process should be made transparent with the transaction being managed by lawyers/firms whose responsibility will be to verify titles,kyc, identities, structural checks etc etc. The sale price of all properties should be freely available. It will eventually happen. Its shameful that even basic things like these had to left until 70 yrs.
Great video! Although you could have asked him about frauds and disputes in Real Estate that he has seen over the years. That is also a major setback why people hesitate to enter into this feel. Anyways amazing podcast!!
6% is the highest. It’s between 4-6%. Also the agents to split the total commission to 50/50 between smaller’s agent and buyer’s agent (if there is a buyer’s agent involved). All agents again pay some % to their broker.
Man just his voice is so good just look at host voice and ravis voice you see a stark difference i can hear him on the laptop speaker loud and clear but for the host i need a heaphone
Rera has recently come up with a circular in Jan 23. Now it's compulsory for real estate consultant have to pass a exam and obtain Competency certificate for selling properties.
He's very blunt and transprant very honest there is level of working caliber is a correct word . Amazing Ravi keep up that awesomeness absolutely flawless brother
Really insightful video.Would love to see such more podcasts in future.And would also like to appreciate Ravi sir’s efforts in building his business in a such disciplined and loyal way.
I think the approach followed by Mr Ravi is okay with top notch clients but protocols somehow trespass in case of middle income group reality requirements.
Real estate in India is an overrated investment. Rental yields are less than 3% here. Some people have a bias towards real estate or gold or any other asset class but one should remember having a well diversified portfolio is better.
Nice episode. Few inputs though, kindly increase the voice quality and picture as well. Video looks blurry lacking detail, also the voice of the host is too low, while rendering the video try to increase they output volume.
anybody interested near Mumbai bhiwandi Kalyan ke near land ki requirement hai to I will show you best land available land Mumbai nasik highway and also near samruddhi highway circle
I am real estate agent from mumbai and i am agree with ravi sir indian government gives some protection on behalf of agent there is rera registration and everything and they charge money for that's certification something around 18000 but there is no protection giving someone is talking about this things i am so glad🙏
Love from NZ❤ Good podcast. Can relate to what he is saying. We are into real estate and we do face some similar kind of issues. Lot of love. Keep on growing.
Is the video of only 10 seconds?? Have opened the link given on authors linkedin still the entire video is not visible. What is the reason and is anybody else facing this issue?
Ravi I am able to relate everything you say here. In terms of your thinking, mentality, approach and pattern and SOPs.. so much similarities. Look forward to work with you soon. I am located in kandivali and doing western suburbs
Ravi Sir you were very much honest in your conversation and actually told us what goes on behind the scenes, hats off to your honest conversation and opening up on struggle as a new person.Thank you so much for this information.
Yes exactly. I wonder how so many people are commenting that they have seen the entire 1hr 16 mins of the video I think the author has taken the video down due to excessive controversies.
A customer should have the free will to approach anyone. Why he should stick with 1 guy or broker when there are many out there? That person is spending his hard-earned money and should approach anyone or investigate as he would like. This guy's statement describes his own personality. He is just after his commission, that's what he care's about. If a customer goes to purchase a car, he can visit multiple showrooms of different companies or even of the same company. He might get different offers or discounts. In the end, it would be his final decision to select a particular car from a certain company. Other salesmen can whine about their job to describe things to a customer.
Awesome Video Ravi Lot of valuable insight into the world of Realtors and how this profession flourishes against all odds. A very noble profession we are all in and yet get treated badly sometimes - but it takes all kind of people to make this world 😃
Nobroker disrupted the indian mindset. Hear their tagline "brokerage kyun dena " listen it and embed it in your mind. The moment u meet a agent u will say " wont pay brokerage" . This has spiralled down where owner side commission has gone down. Not every owner is looking for "sole mandate ". Those days are gone where " samosa waale uncle " used to run this business. Unfortunately the old ways are still being continued.
As customer , i saw many real estate agents who earns money easily because customers are not vigilant . but some customers , treats its sabji market , you should pull them below or real market value rather inflated price as much as you can , you will get the best deal, but do due diligence before you decide.
These brokers demand and expect exorbitant fees which are not in tune with their services. Let's take a concrete example. Let's take an apartment of 1000 Sft in say Bandra West. 1. Construction Cost @5000/per Sft = 50.00 lakhs. Architect's fees @3% = 1.50 lakhs. 2. Sale price @80,000/per Sft = 8.00 Cr. Brokerage @2% = 16.00 lakhs. So this is the ridiculous situation where a qualified consultant gets a miserly 1.50 lakhs and (in most cases) a half educated broker gets 16.00 lakhs for the same property for just showing the premises and doing some running around.
Yes but the architect is getting paid for the whole building, not just for one flat. Thats if the architect gets paid a percent of the value of the property.
I am a consultant, not a broker.. there is a huge difference between them. If any one is interested in property anywhere in India, or Dubai. Please contact me.👍🙂
Brokers don't crack deals daily, 1 deal happen in a month or 3 month,so working so hard they get 2% brokerage which is low compare to International brokerage which comes to 3-5%.....it seems easy but it's too hard to survive
I've been a real estate broker,started my journey from a baniya channel partner in Noida,I really want to say this sector is very bluff and fishy and 2% incentive is too low and chances are most of your incentive will not pe paid to you 😅
@29.53 absolutely rightly said...If Maha Rera wants brokers to pay 10k for rera registeration / 6.500 /- to. register for exams then Rera should safe guard brokers as well regards to remuneration ... there should be e a provision to add a brokerage clause in sale greement / deed.
Ravi Bhai, no offense and with due respect to you, as you said, mood hota hai to building ka naam batata hu, but your person Akshay lunawat in the first enquiry asked me if he can visit prior to the client and see the property I have, upon which I asked to share the client profile.. to which he never replied. 😄 I believe in our industry, trust is from both sides if we are working together. Cheers and thanks for amazing podcast.
Totally interested in real-estate. Going to the UK for studies-cum-earnings in pound. Hope the app would be ready soon so that my portfolio don't only hold equity but real-estate too
the interviewer is not able to talk clearly, his voice is not so audible, I request him to talk clearly and keep the mic closer, thank you for hosting a good interview.
![Jack Harlow - Hello Miss Johnson [Official Music Video]](http://i.ytimg.com/vi/Q86_nlRoIGw/mqdefault.jpg)
Why we Indians don’t trust ‘brokers’ (from a tenant’s perspective)
1) Brokers unnecessarily hype the rent (like he told an example where ₹95k ask went for ₹1.20L)
2) Since the brokers are not regulated, most of the tier A cities have goons or rogue people working as ‘brokers’
3) Society/Apartment management committee or residents becomes the broker for the same society.
4) Even if you contact the owners directly but some brokers will pressurise to pay brokerage.
5) There’s a repetitive yearly brokerage rule which makes tenancy difficult especially in Mumbai.
Yup I have had experience where brokers have directly ran away with rent which they were supposed to give to the owner. Brokers need to be regulated.
In every industry you will find this type of people, why fingers only to brokers. 😅 big problem is we have no license policy.
becuase we bought property from paan wala watchmen or some local person
A Broker Run behind you, 1 Month for your Requirement ,in the end of month Buyer or Saler or Tenant say
Now i have to wait some time or no budget or Let me discuss with my family and some time say No'
1 or 2 Months wasted time Result 0
@@ansariassociatesrealestate2284
Don’t do business if can’t handle ‘NO’ from a customer.
Enjoyed listening to this young man. I used to watch his channel for fun because of his impromptu comments and lack of preparedness. Now I know that he is a real man !
Being in the real estate market for 4 years, everything Ravi says aligns well with my experience. It's a wild west and there is no regulating authority to look after this issues.
bro, REAL ESTATE REGULATORY AUTHORITY(RERA) is established under Real Estate (Regulation and Development) Act, 2016 ...is the regulating authority..kindly have full knowledge....I think you meant to say that real estate sector is unorganized, but it is not unregulated.
@@Student2910 yeah, you got me there. They exist for the name sake.
Hey was a pleasure hearing about your real estate journey so far. Can relate with your experiences and your trials and tribulations very well. I'm a grey haired realtor myself with 30 years experience. Would be nice if we connect and exchange notes. Keep going.
Cheers!
The title is serious “CLICKBAIT”
He is a known face in this Industry and if such a person talks like this, not sure why the real estate brokers even exist. 2% brokerage in this digital era for just showing the property, crazy.
It’s a hard business I am doing from last 3 yrs
Daily 8-10 hour work karne ke bad bhi aaj meri last 3.5 month se ek bhi deal nhi hua hai!!! Itna easy nhi hai real estate business
You do realize it's just not showing a property. You have to scalp through the market to get your hands on a property, find a seller who is ready to file a deal with you, thousands of legal terms and conditions, and finally at the end you get your hands on a property. Also all this is half of the business. Sucessfull realtors are dealing with 100's of properties like these on a daily basis. And, we as buyers need real estate brokers because a property online and in-person is very different. There are so many small things which you even won't know about if online was the form of selling houses.
It's not that only buyers can give brokers grief. Mine was the opposite experience. I recently sold a small flat in Mumbai. The broker who also earns a commission from the buyer decided to give the buyer my house keys so that he could do some Dussera ceremony in it without my knowledge. It was absurd as the buyer had just made a small token payment. Luckily I found out what happened behind my back. I was advised by my lawyer to take the keys back and change the locks. In the UK, it's against the law to have the same broker represent the buyer and the seller to avoid a conflict of interest. High time some rule of this type is also adopted by the Indian Govt.
We are setting up a very large plant for precast concrete for low cost housing and and luxury housing where the entire plant and Technology including software and training fully automatic controlled by robots with the best batching plant .
Advantage
1 time saving of 60%
We can construct 40lakh sq ft per year
2 saving of raw material
30% min
3. 100% leak proof
4 earthquake proof
5 all electrical and water lines are concealed
6 fireproof upto 4 hours does not spread very fast
7 carpet area increases by 30-35%
8 life of the bldg 100 years
9 our internal walls are load bearing so we don't use columns or beams
10 min labour of 10 of which 2 are crane operaters .
11 No pollution
Our association is with
Vollert of Germany a 100 year. Old company from Germany quality finish guaranteed as the entire designing is done on 6 D Bim programme .
Unfortunately mumbai is just starting precast whereas vollert started first plant in 2012 with Shobha developers of Banglore .we have the best Architect Hafeez contracter .we are open to take contracts from reuted builders
Ravi’s sir style of working in a country like India is game changer. Very difficult dealing with Desi mentality.
Great interview. Good to hear from Ravi a great personality, who has spent decades together in this industry.
His passion towards his work is truly inspiring.
Every young person who wants to build a career in Real Estate must watch this.
Ravi has given lot of practical advice and tips to many entrepreneurs! I initially thought he was a smug but realise he has gone through the grind and build some great principles of doing business!
Practical guide to real-estate ❤
Currently in my 6 th year in the real estate Dubai market. Stumbled upon this amazing amazing podcast. It’s so crazy to see the similarities & challenges between the two real estate markets.
Loved every bit of this 🙌
Hey bro how can I get in touch with u I have sone queries regarding Dubai real estate??
Back in the 80s he purchased it for 50K in Juhu. The best salaries at the time of was Rs.100 to 150. So if you adjust the inflation, the value is pretty much same. I am not saying the decision was wrong to buy those properties but my point is, 50K then to spend back then was similar to spendinf 10-20 Crores
Good Conversation...
Pakka Mumbaikar talk show liked it...
Only mumbaikar acan understand what Ravi is giving glance
Very Real, educating and helpful person.. Mr. RK !! You took out time to do this podcast without any returns... Hats off to you.
Best podcast I've ever seen about real estate market , thankyou so much for bringing this kind content to us ❤
Would be interested to know more insights on these three:
1. Your qualification process on HNIs and middle class clients.
2. Your business model/process/strategy in metro and non-metro cities.
3. Is it a good bait to buy or rent (not rent out) a property at this time given that several "influencers" via social media says to go for rent?
I am not an real estate agent but a buyer and I listened till that doctor's story. He was just trying to save some money which he earned by his hard work and he was doing it right in my opinion. I would do the same and I know 99% of Indians will do the same. We go to multiple shops before buying anything.
Indeed, it is a prevalent issue in our country-lack of integrity.
Consider the scenario of dedicating an entire month to work diligently at your current job or business, only to be denied the rightful remuneration for your efforts because your employer is trying to save his hard earned money!
Going to multiple shops is not equivalent to purchasing a property through an estate agent who offers kickbacks instead of staying loyal to the agent who initially introduced you to the project and assisted in narrowing down your options based on a thorough understanding of your specific requirements.
@Snehal Kolambe bhai no real estate agent is loyal to his customers, first thing they say is 5 other people are ready to final this by tomorrow, so book this property today itself. Otherwise, you will loose it.
@@youtubeaddict3041
I appreciate your perspective. It appears that a significant number of real estate agents resort to time-tested strategies, such as fostering a sense of urgency or eliciting fear of missing out (FOMO). These tactics may be employed in response to their inability to offer unique or superior professional services, hence their reliance on such overused methods that nonetheless remain effective. When I previously mentioned a lack of integrity, I intended for it to encompass both parties, including the agents themselves.
indeed we go to multiple shops before buying anything but if you get an experience where one shopkeeper is honest and and upfront then we still stay and buy from that shop even if it costs a bit more for sake of sincerity and genuine attitude. after one such experience it someone again coz for cheaper deal then there is definitely lack of integrity and respect.
@mackisbrocklesnar bro property is not something that someone buys frequently, it's once or twice a lifetime or maybe little more. Tell me one thing if one customer is giving you 7 crore and other customer is giving you 8 crore so to whom will you sell the property? All integrity will be gone when you see the comission.
Government should start an escrow system for brokerage. This could be a digital public good like ONDC, UPI, etc.
Hahaha.. was thinking of the same.
In US escrow system is there
Ravi sir's points are bang on. I too have returned back to India and with my father's support started Dunamis Lifespace, a real estate developer company. Had no idea how the industry worked, but God has been kind and our hard work paid off. We are developing multiple residential and commercial buildings at the moment. Wish everyone the best. Hope the industry becomes highly organised, transparent and ethical.
ethical ? are u sane ?? so much money to be made and you want to talk ethics ? learn some thing about ethics and not just ethics itself lol
These principle apply to every business.. Especially the doctor wala story resonated with me
Great attitude man. He is so clear and proud of his work. No one can stop you from being successful
This is called toxic attitude!! Talks a lot abt the industry, unlike USA, where folks have education and class both to be a realtor :)
The most frustrating part is even after paying broker the lease aggreement is 11 months. Which means more than a months of rent is paid on brolerage. Its sad. There is no long term lease like other countries
you can have long term lease it depends upon owner what agreement you do. But generally owners don't prefer because after some years tenants can sit on property and claim ownership which leads to case and takes years to solve in our judicial system.
Most owners will agree to 2-3 years max with increase in rent 5-10% every year.
I dont think these folks add any value and take a cut from both buyer and seller which doesn't make sense. Ideally the buyer shouldn't be paying any commission.
Its time to formalize this industry too and bring it under the regulatory ambit.
Also the whole process should be made transparent with the transaction being managed by lawyers/firms whose responsibility will be to verify titles,kyc, identities, structural checks etc etc. The sale price of all properties should be freely available.
It will eventually happen.
Its shameful that even basic things like these had to left until 70 yrs.
It's already happening, startups like nobroker are trying to solve this problem
@@omanajz Awesome, 👍
@@pv0315 true, I gave Nehru cachu and co a few years to chill before beginning the task of nation building. 😂
Maximum Rs.25000 per deal per side is sufficient as commission to these dalals which is what i feel personally
Right here he is asking for 2% for a 8 crore property which will come 16 lakhs for just showing the property. What value they add for 16 lakhs.
Ravi has great presentation skill, lets your visualize the property.
Great video! Although you could have asked him about frauds and disputes in Real Estate that he has seen over the years. That is also a major setback why people hesitate to enter into this feel. Anyways amazing podcast!!
Podcast chalu karde bohot chalega
6% is the highest. It’s between 4-6%. Also the agents to split the total commission to 50/50 between smaller’s agent and buyer’s agent (if there is a buyer’s agent involved). All agents again pay some % to their broker.
Man just his voice is so good just look at host voice and ravis voice you see a stark difference i can hear him on the laptop speaker loud and clear but for the host i need a heaphone
Ravi is the guru! A big fan ❤
Rera has recently come up with a circular in Jan 23. Now it's compulsory for real estate consultant have to pass a exam and obtain Competency certificate for selling properties.
In India??
@@miketakhar7296yes
rera is toothless body
As a Brokerb.this is the experience and pain we all have....... Thank you Ravi Bhai
He's very blunt and transprant very honest there is level of working caliber is a correct word . Amazing Ravi keep up that awesomeness absolutely flawless brother
Really insightful video.Would love to see such more podcasts in future.And would also like to appreciate Ravi sir’s efforts in building his business in a such disciplined and loyal way.
A very true perspective of the real estate world in Mumbai & Developed Nations !
I think the approach followed by Mr Ravi is okay with top notch clients but protocols somehow trespass in case of middle income group reality requirements.
Bro incase you don't know you have to add TIME STAMP'S in description compulsorly. It makes audience experience better and convinent.
Yes very much
Two inspiration in single frame🔥
Real estate in India is an overrated investment. Rental yields are less than 3% here. Some people have a bias towards real estate or gold or any other asset class but one should remember having a well diversified portfolio is better.
Yet again one more guy with numbers which don't make sense in India.....
Cause only black works in most real estate!!
lol
Nice episode. Few inputs though, kindly increase the voice quality and picture as well. Video looks blurry lacking detail, also the voice of the host is too low, while rendering the video try to increase they output volume.
I am a real estate agent and i am glad this is the first video on real estate agent business , thank you so much 🙏
anybody interested near Mumbai bhiwandi Kalyan ke near land ki requirement hai to I will show you best land available land Mumbai nasik highway and also near samruddhi highway circle
I am real estate agent from mumbai and i am agree with ravi sir indian government gives some protection on behalf of agent there is rera registration and everything and they charge money for that's certification something around 18000 but there is no protection giving someone is talking about this things i am so glad🙏
@rkmumbairealtors I loved the way you addressed Dhakka, Dhokka and Dua. Became your FAN
This is one of the best podcast on Real Estate Industry.
What I would like to learn from him is how he survived real estate mkts being so un regulated and sometimes unethical..
Lovely interview..a eye opner into the real estate brokers life.wishing the Guest success always.
Real estate person is very right..he deserved the commission being a professional...This should be well defined and documented in the agreement.
Love from NZ❤ Good podcast. Can relate to what he is saying. We are into real estate and we do face some similar kind of issues. Lot of love. Keep on growing.
Really nice and very honest interview
Like the guy telling all difficult and telling really how to deal with bogus people ❤
Watched only for Ravi bhai, Thanks Restless
bro some mistakes in editing the podcast, example watch at 41:05. Please be more careful. Thank you.
Is the video of only 10 seconds?? Have opened the link given on authors linkedin still the entire video is not visible. What is the reason and is anybody else facing this issue?
It's a 1 hour 16 mins video.
@@Aah292 hey no I can see only 10-11 secs of video. Few others in the comments are also facing this issue
Ravi I am able to relate everything you say here. In terms of your thinking, mentality, approach and pattern and SOPs.. so much similarities. Look forward to work with you soon. I am located in kandivali and doing western suburbs
Ravi's voice is amazing.
Ravi Sir you were very much honest in your conversation and actually told us what goes on behind the scenes, hats off to your honest conversation and opening up on struggle as a new person.Thank you so much for this information.
Very informative and well structured interview.
India mein Har koi real estate agent hai. Ye video mein se ek RUclips shorts banao bhai. Waiting for such a long time
Great Content. Please sort out the editing for giving a better experience.
Tough job..i wonder why there are no contracts to protect brokers
Some issue with the video. Only a 10s part is uploaded.
Yes exactly. I wonder how so many people are commenting that they have seen the entire 1hr 16 mins of the video
I think the author has taken the video down due to excessive controversies.
@@tarashri Its now Fixed :)
Fixed
Really Nice podcast Packed with a lot of information RK is a great guy.
I really like his videos.. I pray to god that you will never get cheated in your business.. more power to you RK
This guy is saying 101% truth. Hope all people coming on RUclips learn from him
If our panwala etc can sell real estate ... what the problem with this.
A customer should have the free will to approach anyone. Why he should stick with 1 guy or broker when there are many out there? That person is spending his hard-earned money and should approach anyone or investigate as he would like. This guy's statement describes his own personality. He is just after his commission, that's what he care's about.
If a customer goes to purchase a car, he can visit multiple showrooms of different companies or even of the same company.
He might get different offers or discounts. In the end, it would be his final decision to select a particular car from a certain company. Other salesmen can whine about their job to describe things to a customer.
true. He is just showing his arrogance
He is rightly saying Client tag.i experienced recently with some brokers
Ravi is a gem.Loved the podcast
It's a surprise for me, I watched this video till the end, without get bored. Informative video , have good experience in real estate 👍
Glad you liked it.☺️
Very poorly edited, can see a bit of a lag and edit playback error. The flow was broken in the conversation...
Bro now he is only 20k subs and still on the learning process, don't focus on video editing, focus on learning
Awesome Video Ravi
Lot of valuable insight into the world of Realtors and how this profession flourishes against all odds. A very noble profession we are all in and yet get treated badly sometimes - but it takes all kind of people to make this world 😃
Nobroker disrupted the indian mindset. Hear their tagline "brokerage kyun dena " listen it and embed it in your mind. The moment u meet a agent u will say " wont pay brokerage" . This has spiralled down where owner side commission has gone down.
Not every owner is looking for "sole mandate ". Those days are gone where " samosa waale uncle " used to run this business. Unfortunately the old ways are still being continued.
I don’t believe everyone but I feel he is loyal to his work
Very well said RK , if you are truthful & fair to client that’s more important
As customer , i saw many real estate agents who earns money easily because customers are not vigilant . but some customers , treats its sabji market , you should pull them below or real market value rather inflated price as much as you can , you will get the best deal, but do due diligence before you decide.
Thank you for give some important knowlege with this podcast
I think ravi kevan remani is one of the best in realestate
👍
These brokers demand and expect exorbitant fees which are not in tune with their services.
Let's take a concrete example.
Let's take an apartment of 1000 Sft in say Bandra West.
1. Construction Cost @5000/per Sft = 50.00 lakhs. Architect's fees @3% = 1.50 lakhs.
2. Sale price @80,000/per Sft = 8.00 Cr. Brokerage @2% = 16.00 lakhs.
So this is the ridiculous situation where a qualified consultant gets a miserly 1.50 lakhs and (in most cases) a half educated broker gets 16.00 lakhs for the same property for just showing the premises and doing some running around.
Yes but the architect is getting paid for the whole building, not just for one flat. Thats if the architect gets paid a percent of the value of the property.
My big inspiration in this category ❤❤ i started my channel watching after Ravi Bhai
Why are the conversations edited bro, poora dikha ne me kya jata hai??
बहोत फाडू इंटरव्यू था पर रियली in-depth knowledge wala है।
I am a consultant, not a broker.. there is a huge difference between them. If any one is interested in property anywhere in India, or Dubai. Please contact me.👍🙂
Brokers don't crack deals daily, 1 deal happen in a month or 3 month,so working so hard they get 2% brokerage which is low compare to International brokerage which comes to 3-5%.....it seems easy but it's too hard to survive
Also he should mention the bargaining that a broker does for a client, it’s more than commission that a client has to pay
Podcast is good, Host need to speak a bit louder, I had trouble understanding
If someone is faced by non serious buyers plus who cant afford such properties is a still
Big headache and waste of resources and energy.....
deserves a subscribe, waiting for knowledgeable content like this. all the best
I EXPERIENCED The Dhoka part very hardly
1,50,000 rupey ke badle sala 25,000 rupey diya
That's was my first deal
Bro sahi tou hai
1lakh50hazaar ka comission 25hazaar
@@Coco_Chanel7 kya phokke aya be
fallow finance with sharan for better calculation 🧮
Good Podcast. Requesting host to speak a little more loudly.
Ravi Bhai daddo mazo aayo tawahkhe podcast main disi kare. Love you Ravi bhai😊
I've been a real estate broker,started my journey from a baniya channel partner in Noida,I really want to say this sector is very bluff and fishy and 2% incentive is too low and chances are most of your incentive will not pe paid to you 😅
If you speak very good English, you can still capture entire India because general Indian are still living with native mindset
Paise Udata nahi hai 👍🏻👍🏻👌👌 It’s generational 👏
@59:32 The gem information 💎
Knowledgeable podcast .and this guy is very clear on his thoughts. hats off to his knowledge abt real estate
Why don't people compare basic etiquette and manners ? Only business.
this real estate agents seems to have alot of knowledge & Experience we neeed more videos
Indian real estate is about to CRASH.
There are several analysis on that. But due to black money, it is being just held up temporarily.
been hearing this since past 25 yrs. nothing happened and nothing will
Space is premium in a country like India. Harsh truth, real estate and land prices will never go down.
In short, time has come to do the document the terms between brokers and client/developers.
From One Real Estate Agent to Another Everything he said Is 100% Right. Btw we are in Bangalore.
@29.53 absolutely rightly said...If Maha Rera wants brokers to pay 10k for rera registeration / 6.500 /- to. register for exams then Rera should safe guard brokers as well regards to remuneration ... there should be e a provision to add a brokerage clause in sale greement / deed.
I lost interest once he said "he is beneath me" since he is directly approaching the owner through a guard.
Ravi Bhai, no offense and with due respect to you, as you said, mood hota hai to building ka naam batata hu, but your person Akshay lunawat in the first enquiry asked me if he can visit prior to the client and see the property I have, upon which I asked to share the client profile.. to which he never replied. 😄
I believe in our industry, trust is from both sides if we are working together. Cheers and thanks for amazing podcast.
Totally interested in real-estate. Going to the UK for studies-cum-earnings in pound. Hope the app would be ready soon so that my portfolio don't only hold equity but real-estate too
the interviewer is not able to talk clearly, his voice is not so audible, I request him to talk clearly and keep the mic closer, thank you for hosting a good interview.