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Unlocking the Future of Indian Real Estate
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- Опубликовано: 17 авг 2024
- In this eye-opening video, we delve into the essential reforms needed in India's real estate sector. Join us as we explore crucial insights and recommendations aimed at improving transparency, fairness, and trust between builders and investors.
From demanding upfront pricing disclosures to advocating for clear and honest transaction practices, each point discussed resonates with the need for a more ethical and customer-centric approach in the industry.
Our speaker passionately advocates for reforms that empower both buyers and builders, ensuring clarity from pricing structures to maintenance costs. These recommendations not only aim to enhance customer satisfaction but also foster a healthier, more trustworthy real estate environment in India.
Watch until the end to understand why these changes are crucial for the future of real estate in India. Hit the like button and share widely to support these much-needed reforms.
Subscribe to our channel for more insightful discussions on industry trends and consumer rights. Together, let's drive positive change in real estate practices across the nation.
#RealEstateIndia #PropertyInvestment #TransparencyInRealEstate #BuildersAndBuyers #IndianRealEstate
00:00:00 - Introduction and call for change in Indian real estate practices.
00:00:40 - Emphasis on transparency in pricing from builders.
00:01:27 - Discussion on Preferential Location Charges (PLC) and upfront disclosure.
00:02:09 - Transparency on parking charges and fair practices.
00:02:55 - Clear pricing for basements and terraces.
00:03:41 - Transparency in charges like PLC and GST.
00:04:16 - Importance of customer trust and fair practices.
00:04:55 - Discussion on additional charges and market fairness.
00:05:42 - Concerns over maintenance costs and clear agreements.
00:06:23 - Transparency in promotional discounts and pricing strategies.
00:07:04 - Importance of customer and builder collaboration in industry improvements.
00:07:51 - Suggestions for payment plans and fairness in construction timelines.
00:08:28 - Benefits of regulatory improvements like RERA.
00:09:13 - Considerations for environmental clearances and project delays.
00:10:00 - Calls for administrative improvements and fairness in approvals.
00:10:37 - Community impacts of delayed approvals and accountability.
00:11:17 - Importance of public feedback and industry adaptation.
00:11:56 - Considerations for maintenance costs and customer expectations.
00:12:43 - Clear agreements on maintenance charges.
00:13:14 - Appeal for viewer engagement and industry change.
00:13:51 - Discussion on interest charges and fair customer practices.
00:14:36 - Transparency in financial transactions and customer relations.
00:15:17 - Ethical considerations in real estate transactions.
00:15:55 - Use of interest-free maintenance security funds.
00:16:44 - Suggestions for utilizing maintenance funds effectively.
00:17:21 - Viewer engagement and influence on industry practices.
00:18:03 - Customer expectations for furnished homes and standardization.
00:18:43 - Calls for improvements in property handover processes.
00:19:18 - Understanding Expression of Interest (EOI) and customer refunds.
00:20:00 - Transparency in transfer charges and administrative fees.
00:20:32 - Recommendations for fair transfer practices.
00:21:20 - Importance of nominal charges and customer satisfaction.
00:22:05 - Conclusion and summary of recommendations for real estate industry reform.
00:22:53 - Final remarks and call to action for industry stakeholders.
These are all necessary changes. Builders are already deep pocketed and making tons of money. Still their greed is leading to such malpractices. End users are suffering because of this. RERA needs to enforce all of these points. One more point you should add:
If someone has to cancel their booking, there should be clauses of refund with certain deductions. Maharashtra RERA has already implemented this. Builders confiscating everything paid by the customer is just pure evil. This is the most important point that RERA needs to implement.
Awesome job Mr. Ashish 👍
Sir plz don't quit making such video.......i knew u from RUclips as i have saw u on RUclips in 2019 n i have regularly watched ur video from the past 1 months...... plz be regular with this sir
Very clear and relevant line of thought👍
Totally agree with all points - one price ,( which includes edc, IDC, PLC, car park etc etc)
Payment plans also make you feel cheated...why should a builder sit with 30% of flat cost ( almost over 1cr)... Interest free for 7 years!!
Loading factor also has to be reduced...it is cheating...buying a flat 2400sq ft...and getting 1450sq feet!!
Spot on - on maintenance
Also *construction time MUST be reduced* ...somehow to say 4 years or so ...7 years is too long a wait!!!
IFMS point was too good...
EOI is plain and simple UNACCEPTABLE...
On Transfer Charge : keeping first transfer free encourages "investor in the project" behaviour...too many investors in projects - is what is killing real estate...END USER behavior must be promoted...there should be a generous benefit(20 lacs plus)...if end user books and stays till possession of project!
Informative video.. pls keep these kind of videos coming!
All points are valid Ashishji.
Gurgaon real estate market is grey market, unlike very transparent Mumbai market ; that is the main reason I am not able to buy anything in Gurgaon; they have to learn a lot from Mumbai's reputed builders. Gurgaon real estate market need to become very transparent; crystal clear like mumbai. Rates must be same, whether you buy from a, b, c .... or directly from the builder cost must be same. I have experienced this with mumbai builders, whether you buy from Dubai, London, New York, Singapore or anywhere in India, rates & total cost must be same. I suggest all the bookings must be done by the builder. It is a win-win situation for all builder & buyers or agent.
very nice sir really appreciate you ...... 👏
Very useful tips
This is eye openings master piece video it's really great time to bring transparency and take accountability of theirs respective projects it's definitely a win win situation if we practice this level of standard to boost the real estate estate industry. Thanks for u Ashish Bhai to bring up this video to public domain eye opener for everyone 😊 u prove u r the best in this arena again, salute and warm wishes 🙏 to u coz u deserve this , u won't to say u are so called no.1 😂 i hope u got that , coz your content speaks itself. Thanks for this informative video.
very true . it will only improve reputation of builder
Sir, excellent suggestions to bring about transparency and true asset value in the sector. Those builders who erred in the past can also make amendments to their own contracts with old customers in projects that are now completed and running. Example a) transparency in managing the IFSD collected. b) Deducting the terrace area from ongoing maintenance charges. Presently they continue common monthly maintenance charges on a per sq foot basis that includes terrace at par with covered area, thereby compounding the problem in perpetuity for buyers. Eg is Silverglades
I believe most of the points in this video are being followed already in Bangalore real estate.
Very good video..keep it up
Nice suggestions
Amazing video !
Namaskar ji very truly explained sir RERA must see all these things must be transparency , it’s problem of all end users Pl take necessary steps Subhash gurugram
💯Like
Most relevant video seen ever in real estate space.
You have hit the nail right on its head. Keep it up, Dear.
Good video,keep it up
Excellent video bhai ji
Yes very true
Excellent Video
Good content 🎉
Worthy video👍👍
Very good point 😢
Very informative video.
All the suggestions if implemented will improve builder buyer trust.
Very very good points raised by you 👏👏👏👏👏
All points are so valid and relevant. It's great to see that there are very few folks like you who are talking in general of real estate upliftment in India, instead of selling left right and centre. My full support to you. Thanks for bringing this up
Really good points Mr.Ashish Gut ji, Really appriciate your efforts, I wish i see these changes. I faced most of the issues you mentioned, EMAAR is one the builder where I faced issue on multiple places. like : Hidden PLC cost, Unrealstic interest on delayed payment, even it was delayed becuase of their system, Just for name addition charged fee equal to whole transfer 10L, can you imagine?
Super se uper❤
home buyer is unsecured creditor. taking funds from buyer and also raising funds on mortgage of land, tower, development right, lift, tiles etc
so many funds are raised
better way:
2 way registry (land cost pay and registry + 2nd registry on tower)
thats mean builder raise mortgage debt or take funds from buyer
not both
Totally agree
Good suggestions and DLF applying box price concept. This creates full transparency
This is top of my favorite real estate channel who always comes with a bang. Love to see your attitude Gutt sir.. Just bring back your hairs else brokers will name you “Shaakaal” of Gurgaon Real Estate 😂😂😂😂😂
Process of EOI can be done away.Applications for allotment may be called and flats allotment by draw of lots under supervision of RERA.
Sir good afternoon एक builder (pareena builder ) से मैने एक flat खरीदा ।एक lump sum amount fix हुआ लेकिन जब possession के time आया तो लगभग 3.25lacs Rs extra charde कर रहा है ओर क्योंकि मैने possession लेनी थी तो मुझे वो देना पडा।और मुझे अभी possession letter की offer तो आप गई है।लेकिन possession मिला नही है।Builder ने 100 तरह के if and but लगा दिए। ओर builder के employee का व्यवहार तो इतना गन्दा रहता है कि जैसे हम उनके गुलाम है
excellent guidance 👍
Further to above transfer should be allowed only after 60% payment has been completed .
Excellent video...I booked a flat in sec 83.. They were very clear.. everything was explained to me during EOI ..Let us see next...I am talking of ss
Club charge?
TPR ?
Sir please make videos,
This video is very nice and knowledge able 🎉🎉🙏
Very reasonable suggestions
Maine pre launch me ghaziabad me 5 flat book kiye the Aaj se 2 mahine pehle ,Jab builder ke paas jyaada cheque a gaye to usne investor ko bola ki exit 2 saal baad hoga aur 50 percent amount ke baad exit hoga uske baad 1000 Rs per sq ft extra charge thok diye .Saare investor ab interest nahi le rahe
Lowest Price, best Location, Best size
Best Location, Lowest Price. 82% carpet area
Ambience Laggon apartament behind Ambiance Mall has started a A to Z renovation Infra project of 10,00,00,000/-. The apartments are located at the best location in Gurgaon. 0 km from Delhi and Cyber Hub. Next to Leela hotel, DLF Down town and upcoming Asia’s biggest mall by DLF. Prices have not increased in these apartments. Expected price increase by over 🚀50% in next 12 months. What do you think plz tell… Carpet Area is 82% of Super Area. While in new projects Carpet area is 45-55% of Super Area. 🚀
I disagree with point 11. Rest all are legit points
Very nice video but one point I want to know who will be owner of basement of stilt +4 according to government
Builders try to squeeze maximum funds from the customer within first 12-18 months even though the possession may be 5-6 years away! Not a customer centric approach and prevents many to make commitment because of the uncertainty and liquidity factors
Expected price increase by over 🚀50% in next 12 months.
Best Location, Lowest Price. 82% carpet area
Ambience Laggon apartament behind Ambiance Mall has started a A to Z renovation Infra project of 10,00,00,000/-. The apartments are located at the best location in Gurgaon. 0 km from Delhi and Cyber Hub. Next to Leela hotel, DLF Down town and upcoming Asia’s biggest mall by DLF. Prices have not increased in these apartments. Expected price increase by over 🚀50% in next 12 months. What do you think plz tell… Carpet Area is 82% of Super Area. While in new projects Carpet area is 45-55% of Super Area. 🚀
Maintenance is on a much higher area and the flats carpet areas are shrinking; builders seem to believe customers are fools and will agree for pigeon holes just because there is a pool and club in the project
Video langhty है
The concept of EOI without price disclosure is opaque; by virtue, it is illegal. It should be banned, even though we are thinking of filing a PIL against it.
मुझे पता है RERAमे जाने का कोई फायदा नही है
pehle aap eoi and 10% down payment ki fake sale dikhana band karo.
Maine pre launch me ghaziabad me 5 flat book kiye the Aaj se 2 mahine pehle ,Jab builder ke paas jyaada cheque a gaye to usne investor ko bola ki exit 2 saal baad hoga aur 50 percent amount ke baad exit hoga uske baad 1000 Rs per sq ft extra charge thok diye .Saare investor ab interest nahi le rahe