Don’t RENT A House, BUY IT
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- Опубликовано: 25 июн 2024
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Sharan Hegde:
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Saurabh Garg:
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Akhil Gupta:
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Join me for an in-depth conversation with 2 out of 3 co-founders, Akhil Gupta & Saurabh Garg - of India's beloved company NoBroker, as we unravel their extraordinary journey towards building this prop-tech unicorn company.
In today's episode, we delved into a plethora of intriguing topics:
💰 Where to put 1 Crore in Real Estate?
🎓 The unconventional way of landing a software job in college
💼 Business model, how do they make money
💔 The heartbreaking story of attacks by local brokers
🏡 Rent vs Buy Controversy - A debate
🤖 AI in Real Estate
Get ready for an enlightening discussion! 🚀
Watch the full episode and share your thoughts in the comments below. Don't miss out on this opportunity to gain valuable insights! Join the conversation now! 🗣️👇🏻
Disclaimer: This video is for educational purposes only.
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Timeline:
[0:00] - Highlight
[0:46] - Introduction
[1:08] - Real Estate Investment: Where to Put 1 Crore?
[2:43] - Dubai Real Estate Insights
[4:05] - Akhil's Unconventional Job Hunt in College
[5:45] - Early Challenges of NoBroker
[7:30] - Domain Name Acquisition Story
[8:53] - Brokerage Reality in India
[9:25] - NoBroker's Unique Concept & Investor Challenges
[14:00] - Journey of Funding
[15:25] - Business Model and Revenue Generation
[16:45] - Battling Attacks from Local Brokers
[19:24] - Family Dynamics and Reactions
[21:10] - Rent vs Buy Debate
[25:45] - Ideal Locations for Home Purchase in India
[26:15] - Trends in Buying, Renting, and Luxury Homes
[28:23] - Role of AI in Real Estate
[29:21] - Co-Founder Conflicts
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Sharan Hegde is a personal finance expert who has been featured in Forbes, Economic Times, Mint, Times of India and many more. He is the Founder of The 1% Club, India's biggest finance community which helps people achieve financial independence.
#financewithsharan #finance #sharanhegde
The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!
It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.
I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of financies and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
I stopped trying to predict market outcomes based on chart studying after 5 years of uncertainty. Not having a mentor caused me 5 years of pain. I learned to follow the market's direction and keep it simple with discipline.
The advisor that guides me is Sharon Ann Meny, most likely the internet is where to find her basic info, just search her name. She's established.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
My husband and I were fortunate enough to be able to pay off our mortgage early. We were both still working, and took the payment amount that we had been using to pay off our mortgage faster and we put it straight into investments. We were able to retire early because of almost 7 years of putting away what would have been our mortgage payment as well as maxing out our 401K/403B plans. Thankfully we were taught by both of our parents the value of living within our means. Thank you for your advice. I know it will help people. we are interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
Keeping money in the bank is like paying banks and the Govemment. Here's how it works: The bank gives out your money as loan, and charge interest obviously higher than inflation rate, and then give you, the depositor, interest lower than inflation rate. That means net loss for you. That is why I prefer to invest, and on average, my advisor makes returns that always beats inflation!
Svetlana Sarkisian Chowdhury a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
LOL, No broker is not worth it, because most of the properties are listed by Agents themselves, so you do end up working with a broker and paying brokerage
Yes. i agree. Title totally misleading.
also there is no proper co-ordination with in their teams. the internal competition is so much, they blame each other and when there is a problem to sorted out, they literally say bad about their brokers, agents, and backend teams. very pathetic experience for 2 times so far.
Well, please suggest what might work. I am in the process of starting a firm 😂
HI SHRAVAN
I FOUND THE TITLE OF THIS VIDEO MISLEADING. YOU HAVE TALKED ABOUT INVESTING 1 CRORE IN THE 1ST 2 MINS MAYBE AND REST OF IT WAS ABOUT Nobroker and various other business aspects.
chor hai aur kya
Say it, it's clickbait
i got an apartment in a UK (suburb of Manchester) for around 1.5cr INR. I don't see why India is expensive, given the water , electricity, road infrastructure problems back in India.
These guys jacked up the rents in bangalore by eliminating the market forces that regulated insatiable greed of landlords/sellwrs and expectations of renters/buyers. They say nobroker but recruit relationship manger who work as broker and charge for everything from property valuation to legal work just like brokers.
exactly dude i wrote the similar comment with some clean language and they deleted my comment and Shame on then
I was searching if someone comment on rental hike. Users in bangalore shared how nobroker removed broker but they promised owner more rental yield. Once it's go up,chance of coming down is less.
They are formalizing the sector 👍
There will be limit to everything.... It will be free for first few properties.... After that it will be ur wish.... More over the propertirsbthere are good
Thanks Sharan , finally figured out why the Nobroker Platform technology sucks so much !
In this video they didn't resonate with the title of investing 1 cr where to invest they were just sharing their journey
Thanks for saving the time for those who looking for that detail.
@Sharan, the least you could have said for courtesy's sake while sending them off (on video) is something like "I hope you will be able to tap into the other 97% of the market" or "Good luck with your future business".
This is only a Gyan coming from me who genuinely felt that you goodbye'd them as soon as you had enough content for your video.
Other than that, it was a great conversation. Thanks!
Yes, but i think thats a cut
Good one even Nikhil kamath is saying that equity is frothy today and he is afraid of crash ...we need this kind of episode to know where an investor can invest
I fail to understand why people are investing in developed cities..We are sitting with a huge issue on environment and climate change...People will find difficult living in bigger cities in next 15 years..
They will keep doing it until there are buyers😂
Just look at New York..then you will understand why people are so interested in metro cities
Bhai noida m property rate just doubled in 2 yrs -Ex yamuna expressway plots 300% returns
Why invest in tier 2/3/4 ??they can’t give these types of returns
@@venki2757😂
Because there is no choice. Indian cities are very poorly planned. Also there are no high paying jobs in most of the tier-2,3 cities.
What a wonderful video. Both of them were so humble and knowledgeable. Kudos to their conviction and courage of not giving up even in the face of adversity and seeing things through.
True. Thank you for watching ❤
In the Disclaimer, this Over smart Fellow says Sharan is not a Certified Finance Advisor then HE must Rename the Channel to Financial Podcasts/ Podcasts with Sharan ... Pretty lame selling memberships just coz u got contacts of Rich investors who are investing in 1% BS club>>
Completely Misleading Channel on Finance, this shud be the Last place for REAL Financial ADVICE 😅😅
It is "Linked List". He said correctly. But your video editor made it "Linked JS" 😀
In the entire video, there was nothing substantial to justify the title of the video. Although good content and great conversation, however, disappointed with the click-bait.
Someone tell stupid Karnataka government to focus on north Karnataka they must start developing one city like Bangalore instead overloading Bangalore
Good discussion. Some light moments will be required to ease the conversation. All the best!
Enlightened ❤Thank you Sharan
The right question for discussion should be, "when" to put 1 cr in real estate instead of "where" to put ?
Very bad advice of investment in Bangalore in intial few minutes.
1. Lack of water
2. Lack of Infrastructure
3. Companies have started migrating to tier 2 cities of India. Jaipur and Indore are examples. This will increase in future.
4. Sweet weather is gone. It is almost 40 degrees these days.
5. Many remote opportunities due to which less people are migrating than earlier which will suppress demand.
True still prices are rising. Don’t know why
@@sapnakumari-ky8zn Due to black money. In India majority of black money is infused in reale estate that's why during property sell a seller always recommend to give at least 30-40% in cash.
Startup’s has to do business in ethical way. Not like NoBroker and doing a job of broker at higher price tag and eliminating brokers from market. Not ethical ❌
These people such as NoBroker and now I believe Sharan too take commissions and cuts from builders such as DLF, Godrej, Vatika etc. to promote more and more house buying otherwise if people become smart & start to live on rent; then the sells will go less for these builders and eventually real estate market will be normalise with right & actual rates instead of too much hikes and cost which is going above the roof.
Sad but its True that these folks will put logics and emotions to urge people to buy a house instead of living on rent peacefully without any stress of loan/emi and putting most of the money in one asset only.
2 3 years ago, these guys like sharan promote live in rent don't buy, now he is saying ulta.
I hope they know that like all other websites theirs also have brokers listing their property now. So I don't think it's no broker anymore.
Beautifully explained Dear Sharan 😊
best channel of 2024 is urs man . its not long like others its sharp 30 mins . and we get all value and insights we get from the 1-3 hours episodes too . masss sharan
Means a lot bro. Thank you.
Also all the content aims to provide " Real Practical Advise" & "Actionable Insights" that TG - Aspirational Middle Class can utilise
Depends how the ad is posted in their app..most sellers don't post all required photo and info. There is no way to ensure that ad is not posted by broker.
Thanks Sharan alot for opening our eyes, we would love to work with you in any way possible.
It is so amazing to see you talking to them. When all around the country many financial influencers including you say 2-3% rental yield , management hassles, why to buy property , do SIP play mutual fund mutual funds, bashing real estate left right and centre,how come a new found love for property
Mutual funds are temporary,buying land is permanent and that price will be increase over a period of timeso we have high profits!
Bhai usko paise milte kuch bhi bhokta rahega
Great conversation
I have worked here. An they are no less than a broker. They never cared about the customer.
Please dont use no broker , had a horrible experience , they take token money from you and back out , please dont pay a single rupee to these guys ...its a scam
Success of no broker is giving free 9 contacts when everyone charging a months brokerage in 2015 and multiple mobile sims 😜
Hi Sharan, i have been watching interviews & podcast. what i'm observing is videos length are 20-35 minutes duration. pls don't restrict the duration. let it go how it goes. let the guests speak more what they want to tell...
The title of the video is misappropriate.
Some points to consider: Karnataka has held up all developments including metro to give freebies..
Dubai has good rental income but no appreciation
Sharan tier 2 cities are the trend here to stay long. Discuss some of the cities like coimbatore, Cochin, Mysore, Mangalore, Indore etc.,
Rents are rising due to these guys recently,
owners are called by the representative of this and other companies saying in ur location , rent is far higher , why are u putting it so low, so when everyone starts upping rent , people have no option but to pay until something is figured out.
Inspiring and insightful!
Phle jab real estate k rates kam the tab mutual fund bechte rahe ab real estate k price double ho to ab bol rhe ho real estate kharido.... It shows someone is controlling the content and market
Don't rent a house ! Buy it ⭐ the title statement is not answered, 😮
Worst company i ever had experience
We bought flat in Greater Noida of SkA group after covid in june 2021 for Rs 32 lakh ( 3200/sq ft) (a under construction property) ,
Bhai sahab kya investment hogyi avg price right now in society is 7000/sq ft Within 3 years , rental income 18000 / monthly. Reselling market - superb , for rent demand - superb.
Kabhi expect nahi kiya tha aisa hone wala hai. Humne quick decision tha . first day dekhne gaye aur buy karliya 😊😊 Bhagwan ki kripa hai
Possession kab Mila aapko?
@@jaipur.real.estate Sir June 23
@@jaipur.real.estatesir june 23
Please make. A video on medical student's (like mbbs ,bams e.t.c ) How plan financial after 30s for build hospital and other expenses .Also tax saving techniques with management of staff of hospital and growth and saving...And risk we can have in future to be cared off ...
Also all ur videos are so informative, as we 20 s kid will be well prepared till our degree in hand ... great work 👏
Look at how new sectors within metros are being planned. We visited sector 65 Faridabad and were astonished by its location and development. Well connected with mumbai expressway , we reached sec65 in an hour from Gurgaon . Great investment area
Why nobody cares about mother earth everything is money nowadays. Temperatures in india are rising than never before.
Most of friends, including my self had a bad experience with no broker. Also our apartment Assosiation moved out of no broker hood too!
I bought my flat when I was 27 and closed off my entire loan by 32. Cost me 50 lacs including interiors. Right behind IIMB and one of the best areas in Bangalore. Not in a big apartment with lots of amenities but unlike those huge apartments, rooms are big (1550 sq ft carpet). Maintenance is low cos there are less houses. Huge open roads and everything within 5 mins walk. Supermarkets, BBMP office, hospitals, parks, playground. And once the metro is operational (1 km from my flat) prices will be quite good. We live in an independent house now and getting rent from my flat. I can sell it once metro is operational. I will be buying another flat soon for my later years as my current independent house will become too big to maintain.
The title and the content are not at all in place. Everyone, please be aware that there is vested interest. NoBroker now acts as CP (channel partner) for any builders, and they get a commission for conversions. And the guy said, except traffic, everything is fine in Bangalore. Common…., don’t mislead people.
I don’t want to get into rent vs buy. But if you are sincere about purchasing a house for self-use, be fucking clear that it is a place where you and your family lives. So, traffic, clean air, water, open space, ventilation, all of these things matter !! And make sure you can afford the property. Being able to afford doesn’t mean, having money for down payments, thumb rule is even if your primary source of income goes away, you must be still able to pay your EMI, that is what affordability means.
So, be wise and be practical.
Spent twice as much but to no avail. The customer service at that place keeps calling and motivating you, promising a house tomorrow, tomorrow. I don’t know how many tomorrows, but finally, I understood this won’t work. I ended up going to regular brokers.
25:52 he should come to hyd and stay for a while, then his first choice would be hyd 😊
In chennai , buy anywhere between upcoming new international airport and poonamalle... Enormous potential.😂
Bangalore is bad decision....
great podcast 🙂
Confusing people a lot with buy vs rent.
are these conversations cut short? i feel like the guests want to share more info but the line of questioning is such that they are not able to.
21:12 Sharan trying very to prove his point on not buying a house, but failed.
I so wish I could meet this guy for once...
Hi bro this is srinivas from andhra pradesh
Recently i got married and due to billing reasons i have to leave my compney.They asked me to search for better oppurtunities...suddenly i struck in financial hell whatvgood thong is i dont have loans....I m NISM certified guy contineously learning and observing about stock market ..I decided to jump into the market because this is the only source to me now....thank youb bro i wanted to share my pain so i commented 😊
First Go get a job.
Then run after share market money.
The thumbnail says dont rent, buy it! Where in this video are speakers depicting it?? There’s no relevance to it
No broker is the new broker. They have productised the brokerage services and kicked the brokers 😂. Below average services
Tell them that on no broker there are mostly brokers registered. I have experienced this is Noida.
Nobroker experience from packer to rent not good
I used a relaxed plan and the worst experience I had with it go for freedom and everything will be sorted
Good Discussion Again
We want complete video on real estate............
please try to work on audio quality, at a point it gets lower and you increase the volume and suddenly it gets louder and seems like you people start shouting .
What about the water crisis in Bangalore? Is it still lucrative to live there considering the corporation doesn't care much as we have seen.
hey Sharan can you make a video on how to start your own private ltd company?
I was just waiting for kolkata, Kolkata didn't come in the list.😮
Misleading description. Didn't expect this from sharan
Ask them what's the difference between fees and brokerage 😅. I would recommend them to change the name of their company.
Bro, you should have asked them if they sell their business for a very good offer.
One of the best video ever seen on youtube..
That famous singer that Sharan just mentioned in the conversation might be Shankar Mahadevan
@sharan How can Banglore be a good option for investment, cosidering the water crises which will not solve in a short run
How many people in this country have 1 cr, my question is this !
Bangalore has no water
No infrastructure
You lost my trust in first two lines
An average 30-year old Indian makes 10 lacs per annum? Per Forbes, even the 90th pecentile 30-year old makes 33k per month or
Your still taking brokerage even tough it is less. It is half of the brokerage charged.
Useless podcast. Clickbait title doesn't even discuss renting vs buying
Its not about title, its about the topics discussed in podcast
Sharan - honest feedback man. Your title does not match the content of the video. This is like a podcast for the Nobroker guys story than the value your Title says it would provide (which is buried in somewhere in the 31min video).
Greetings from #China 🇨🇳. I am a #Pakistani 🇵🇰 fan of this show. Much respect for our neighbors #India 🇮🇳
Bro - in kolkata average commercial property rent is 7-9 lakhs per month
What are your thoughts on investing in buying a property at Gift city in Gujrat..
Would love to hear either of your views on it
Awasome sharan
Thanks for a misleading title..oops sry clickbait.
Horrible properties on NO broker. Owners are not transparent. The pictures shown are not matching with actual house. Lot of wrong info is given about the property.
Charan, one feedback the overall approach requires a bit of polish .avoid clickbait
Technological solutions from a common man pain, Inspiring
After this video bro all are going to Bengaluru investment....
What is point of waitlisted
Extremely poor service, they take payments but don't service, repayment from their end is very late.
Same. I faced the same. Their RMs didn't even contact me and then they denied refund. Scummy
I really liked these guys very simple and humble. And Sharan you are doing great things. (had very bad experience with No broker last time, they literally threatened me with local vendor about money )
Who are they 😮
@@hesh2892 customer care
@@hesh2892 customer care
What's about Ahmedabad and Gandhinagar(Gift City)?
Really worst service of no broker... cannot run on long run.
u must be that broker :)
In 7:30
Great Confidence and Convention for future growth
7 years before domain name
I also purchased my own domain 1 years
This domain aquistion story connected my heart
I bought his course for 499, complete waste of money👎
It’s been more than one year still discussing whether to buy or rent a house … bro .. leave your rented house and buy your own house and live with ease
really nice watch sharan! Which one is it?
I invested in sector 65 Faridabad and would really recommend anyone looking to invest in real estate in delhi ncr to look at this area.
Great podcast Sharan.
The only issue I had during the podcast was their view about banglore, they skipped water issues in banglore. You should have definitely asked them😮