►Interested in the real estate market? Signup for the exclusive class I will be conducting: forms.gle/ANMAbm2sWxy3vamT6 _______________________________________________________ ►My new stock market course. You can buy it during pre-launch @ a 25% discount here : wisdomhatch.com/stock-market/ _______________________________________________________
This guy just won't stop flexing huh! My 1cr house, 20lakh car, Beach vacation etc etc, 😆😆😆😆. There a quote from Rahim" bare barayi na kare, bare na bole bol, rahiman hira kab kahe lakh taka mero mol".
I am from Goa and I should say that true, lots of big builders who has national offices are building buildings in Goa and which they dont even advertise in Goa but they do in Delhi, Mumbai and Bangalore, type metros and they are really selling those tiny flats for higher prices and people from metro thinks that its cheaper comparing prices at their cities, infact they are been cheated. I saw one such flat it was really small compare to what local builders sells for that price. If possible buy properties from local builders you will get bigger spaces and at less price.
Hello can you please help me in this issue , i wana be a good citizen of Goa... Though I am from Delhi... But don't want to be a part of any nuisance (as usually people think about Delhights and North Indians).. Let's make a better world around... Help me buying a small ...🙃 #Anthony Jenson
That is very true. I purchased a flat about 20 yrs ago from a reputed local builder, and it is in a Prime location. There are very good local builders who can be trusted.
Goa real estate boom is putting locals into trouble as they can't buy a decent home for themselves. I hope this goa real estate boom is short-lived and market goes back to normal
Love it or hate it won't afterall Goa is probably the most popular holiday destination for Indians. But hey that's the case with every big city so yeah it is what it is.
This will just get worse with time. The way people are earning more and getting the idea of investing more, this will only increase the price of real estate in coming times due to managers who can earn to run their family at all tourist spots.
While you're making a good point but the fact is banks have lost a great deal of money themselves. Check out so many NPAs and defaults that banks make provisions for simply coz the money is stuck. Please always do the due diligence from your own end. Don't rely on anyone, including banks
there is one title that this information was all withheld, suppressed and concealed from everyone... there are many many different types of land TITLES out there... it all depends if you research and educated oneself on this subject matter...
@@nishilbright2007 The BANKS LOSE any ie money as it has none it own nothing... your talking about a subject that you are clueless on... and yes you need to do due-diligence in the subject matter you are dealing with... your misleading everyone here...
Hi Akshat, 8 % to 12 % yield on consistent basis from Residential property is far cry. Post tax yield assuming yield of 9 % and post few tax deductible expenses, you have to pay tax on residual income, which will will further reduce net yield. Other issue is Real Asset will not be liquid just like Equity, Net return will n't even HL rate of 8-9 %, My take is not more than 30-40 % of Net-worth should be in real estate and rest in MF/Equity based on risk appetite.
Well said. Also, an AirBnb establishment does not guarantee year-around occupancy, hence rental. There will be several lull periods during the off-season (e.g. Monsoon months) when your returns will be lower.
7:10 this easiest thing helps a little bit in initial checks but turns out to be no use when you really get trapped in a land dispute, local municipality approvals, unforeseen/hidden laws, legal issues etc at later stage when all your money has been disbursed to land owners and builders and you have no option but to keep paving bank EMI, taxes, maintenance charges and parallelly fight legal battle along with your daily job. Banks will do some initial due diligence and primarily check customer profile because even they don't have any fool proof way to entirely check legal aspects of property in this messed up system. But to sell their loan products they take some risks based on customer profile. Generally even in the worst case customer gets trapped in legal battles but their EMIs keep coming.
Indeed. its is an overrated place. which ever month you visit its always Hot. And the Dec month when weather is better, its super expensive. Beaches of Karnataka are better, cheaper & good weather
Real estate mostly generates 9-10% overall including rent and capital appreciation. Akshat being such a talented investor in stock market can generate more returns in stocks
I have 5 office space . One in thane mumbai 4 in Noida. All 5 roughly 1000 sqft. Thane one I m getting 1lakh per month . Current price of the property is 1.8 cr though we bought @60 lakh 10 years back. Noida property is giving 45000 per month of all 4 office space each. (80lakh each )
Now days every one is saying etf is only way to get safe and better returns want to know your thoughts on investment in nifty bee junior bee bank bee. Will it be a good investment strategies for a side way market .
Hi Akshat I stayed in your society last week in a AirB&B listed property. It's Costa Vista Verde. I liked the place. Definitely a good buy. I stayed in Patnem also and felt that rental yield are even higher there. May be a scarcity premium they are charging.
50% to the manager is very high, if he manages 10 such properties then his income is 4 lakhs per month. On the other side you needed capital of 2 cr plus bnb charges, plus maintenance cost plus gov charges. I know now I'll get your auto response to this comment, that too twice.
Real estate is the only asset class that will make you wealthy even if you don't understand it. Finally you are on the right track to make wealth (accidentally)!
Hey Akshat! Just wanted to let you know the average rent in Bangalore for a flat of 1cr has risen to 65-80k per month and people are paying for it. The options at walkable distance from office spaces are just around 80k-1L. In your view, would this market slump?
Delhi NCR buyers got fooled by the myth that banks do proper background checks while giving loans. Now a major percentage is paying EMI to bank and no hope to get their flats or plots
I have brought a plot of 1000 sq/feet at 80 lacs & construction cost 45 lacs with furniture in Indore & build a paying guest house for girls now I am earning 1.5 lacs a month without any hassle. So more then 1% a month i am earning every month.
Akshat..... I work with Air india as a crew member there is not a single video I have missed of yours till date I have a dream to see you in the sky someday to fly you to your favorite destination.... Someday!
Goa is a very small state. Outsiders should not be allowed to buy land in Goa as bcz of ths there is pseudo rise in prices of land which becomes difficult for locals to buy at such high prices. There should be some domicile like 5 or 10 yrs stay mandatory before buying land for outsiderd.
I lived for 2 1/2 years in Ponda, Goa, I really liked it there, though not closer to the beach, I feel so nostalgic about it, the weather was great, the terrain was nice. and we used to hear that if you leave something somewhere, no one is going to take it, it would stay there if you come back for it. No wonder people want to live there.
140 Crore want to buy property in Goa. Coming 5 years Goa will not remain Goa. Real Estate has already destroyed 40% of Goan natural beauty, remaining will be done soon. Goans are themselves responsible for this for selling their property to become millionaire overnight.
I don’t about other Cities but in Bangalore rent definitely is on higher side. It’s very difficult to get one crore property rent just in price 25k per month.
At the rate at which real estate is being bought up in Goa, with individual investors often purchasing multiple properties, this beautiful place will soon cease being the paradise it is. Parts of Goa have already turned hellish with concrete jungles replacing verdant forests. It's really very unfortunate that Goa is fast losing it's hills, forests, fields & coastal areas just so that some people can 'make an investment', park their excess or black money just so that they have a 2nd, 3rd, 4th......nth home, & in the process destroying the only home the natives really have!! One can already see the repercussions of this frenzied real estate madness in the drastic drop in the number of foreign tourists, some of whom have even declared publicly in the media that they will never return to the paradise that has been ruined beyond redemption!
while buying a property for rental yield, one should give equal importance to capital appreciation, because the main earning will ultimately will be through how much value your asset had appreciated and not through how much rent one had earned from an asset in say one year
12 percent yield on a 2 crore house. So you are saying you can charge 200,000 rs per month or 6600 per day consistently every day for a full year for multiple years?
The land price from September 2023 in the Village of RAIA, where the 6 meters road is passing through the village, the price of land per square metre is Rs.35,000/- to 50,000/- . But: at the Highway side of RAIA Village, the land price for per square metre is Rs.60,000/- to Rs. 80,000/- per square metre. RAIA Village is a hot cake.
I am fro Goa so can give some credible guidance. For such a villa you cant get more than 40K rent in Goa. Also if it costs only 2 Cr. it is in remote south Goa region. Typical price in Dona Paula and near capital city is 3.5 to 5 Cr. Best is for short term rent but the maintenance of such a villa will be very bad when multiple people use it as hotel. Labour is very expensive in Goa. Someone to maintain this villa will charge not less than 20K per month. Electricity bill will be around 6000 pm. So beware before you buy properties here.
You mentioned that you have hired a manager and you give out 50% of your rental revenue (6 - 7% yield) to the manager as his salary/commission. Isnt that a very high commission to give to someone who just manages your property or its a norm for every manager who takes care of your property to get 50% of the monthly rental ?
I am from Goa. What you say is true in part. 1. Rs. 81,000/- South Goa? 50% to Manager? lucky bugger? Any more properties for Management? 2. The best idea was to get a bank loan. Let the bank do the donkey work. So take a small loan even if you don't want one. 3. Check who the land owners are, by checking the Record of Rights form 1&XlV. You can do this on line.
Goa has become a victim of tourism. Now Goans are paying the price. The rental yield is so high that we natives too end up paying exaggerated rental rates..
I live close by to Varca... rental yield you mentioned is on the higher side. Also please be mindful about land grabbers... in detail investigation of property is must before buying.
Well said, buying real estate is not a big deal if someone has money or can get and repay home loan. But people don’t realise that owning real estate is not easy if you stuck in any civil case then you will keep fighting cases in court for next 20-25 years. I am saying this based on my personal exp, I own agricultural land, Shops. Industrial plot residential plots, multiple houses, flat in ncr. Nothing on loan, There are so many challenges in managing and getting rent on time. Some people will not pay rent and will not vacate if you tried legal remedy then forget about that property for atleast 10-15 years and legal expense on your head. Real estate is good bit it comes with its own problems. I think owning a Realestae near by your local area is good so that you can keep an eye on things on your own. Buying real estate in another estate is a risky business. Where you are just like a tourist 😂.
@@nq8841 if you don't have power of local mafia don't rent anything if they miss rent by 1 day they call me and say sorry we will give you fast name is enough if nobody is afraid of you local chapri people will eat your property and you haha
@@triggeredlonda4317 Well said, that's what I said properties only locally where you can look after easily (Kick out if anyone gives trouble). I charge 500 a day for default rent for shops If still anyone don't pay I know how to do wasooli. but you will always get such few tenants who will never pay rent on time and if you know how to recover then its all good. these are common problems in real estate rental in our country that why i don't think its a good idea to invest in another state. There are millions of cases in courts if you choose to go legal way.
@@nq8841 if you are not a bhai or have connection of bhai in your town City your Land is gone i have seen many bhai taking land from upper middle class here shops are common it's business town in Maharashtra if have more than 1 wassoli guys come to ask their share day by day inflation is eating people if goverment can't stop inflation it will get worse salary of lower income class is same since 20 year inflation is so they are surviving on goverment rashan if lower class get mad in upcoming since billionaire in india want to build 15kcr house over the slums it will go downhill wages are not keeping up with inflation in india for 20years i have seen 16 year old boys killing kidnap in 1000 of them making gang for making money jobs only pay 5k to 8k
@@triggeredlonda4317 Ha ha ha 😛May be this kind of situation in your state, I am from UP living there from Multiple generations with enough family connections and capable enough to deal with such people . Btw in current Govt Such Bhai Log are in Jail or out of state and some send to hell by police. even before that we never got any problem from so called bhai log 😏 All the very best to you.
2 crore of villa in goa *WASTE OF HARD EARNED MONEY* 😂😅 instead of this you'll get 10000 sqm areas in beautiful village of canacona overlooking partially sea view
My friend Akshat your 2 crores villa will never appreciate, when you decide to leave Goa , they will offer you half price for your villa , that is Goa.
This guy Akshat, worked only 5 months in BCG as an associate, having no such credentials in corporate, if listen the aspirants of foreign MBA...he sucks huge amount of money, no service, no knowledge...by selling INSEAD tag... become rich, at least what he intends to promote. Incredible India. 😆👌
@Unfriendly atheist nobody wants to live in bimaru hellhole, industries and constructions are need of developing nation. And people looking for Jobs will always move to such cities. Those who become financially independent and don't need to stay in such polluted cities. Always look for alternative. As for living in Goa, or anywhere else, we are contributing to the economy of such places by living here. Paying Rent, Buying groceries from locals and much more.
A few months back u have made a video on how real estate investments can go negative if its not commercial. And u have specifically mentioned that -- why can t I go for a Portugal golden visa than buying a villa in Goa.... & wow, u bought a villa in Goa..... Nice.... usually u talk about new words in english to improve our vocabulary, thanks for that, but this time let me introduce a phrase to you, it should be quite new to you "walk the talk"
I totally stand with kashmir people, today Goa is being destroyed by this real estate people similarly they will destroy beauty of kashmir if they got access to land and property. RiP Goa
A real estate supposedly boom in Goa, ultimately will be detrimental to the social fabric of Goa. The state one of the richest in India, does not need or want monies from out of state buyers. A capital gains tax should be implemented on such properties.
Hi Akshat. Just to be clear if you have bought a villa in a villa complex then the land probably doesnt directly belong to you and you may be owning undivided proportionate share in the larger property itself. Please check.
I saw a add on face book from GHD builder from Goa that he is building a resort in dodamerg .and if you booked a villa in that project you will immediately get fixed rental income. Please guide me that should I invest in that project or not. Please reply
My 3 cr flat in metro! Which gets zero returns and if I want to sell and move to a new building I get half the size! I don’t even understand how someone can buy a villa in 2cr.
►Interested in the real estate market? Signup for the exclusive class I will be conducting:
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_______________________________________________________
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Nice Investment 😊
Could you please guide me to buy property in Goa. I’m confused 😐 about localities to pick
We stayed in the same villa few months back with family. Must say we were impressed with the stay :) n the walkable distance to varca❤️
This guy just won't stop flexing huh!
My 1cr house, 20lakh car, Beach vacation etc etc, 😆😆😆😆.
There a quote from Rahim" bare barayi na kare, bare na bole bol, rahiman hira kab kahe lakh taka mero mol".
I'll now be able to meet you near Varca and get a selfie with you
I think he wanted to make a vlogging video, then got bored and ended making as usual educational video.
Hahahahhahahhaha good 1
this lavada akshat is making money out of us. 2 crore villa in goa and he's not even 35. saala chutiya, liar
by buying a property? Lol😂
🤣🤣🤣
Chaatna band nhi hona chahiye
I am from Goa and I should say that true, lots of big builders who has national offices are building buildings in Goa and which they dont even advertise in Goa but they do in Delhi, Mumbai and Bangalore, type metros and they are really selling those tiny flats for higher prices and people from metro thinks that its cheaper comparing prices at their cities, infact they are been cheated. I saw one such flat it was really small compare to what local builders sells for that price. If possible buy properties from local builders you will get bigger spaces and at less price.
Hello can you please help me in this issue , i wana be a good citizen of Goa... Though I am from Delhi... But don't want to be a part of any nuisance (as usually people think about Delhights and North Indians)..
Let's make a better world around...
Help me buying a small ...🙃
#Anthony Jenson
That is very true. I purchased a flat about 20 yrs ago from a reputed local builder, and it is in a Prime location. There are very good local builders who can be trusted.
Could you name some good builders?
Anthony, do you know location of this villa ? If yes pls share
@@rufu7787 DEMPO GROUP
Akshat is that topper whom you meet just before exams fully prepared also discussing random topics which you skipped.
Goa real estate boom is putting locals into trouble as they can't buy a decent home for themselves. I hope this goa real estate boom is short-lived and market goes back to normal
This is actually true for all major cities
@@divyavenkatesh9072 at least in those cities people have intention to stay unlike goa where it's just a holiday home /2nd home
Love it or hate it won't afterall Goa is probably the most popular holiday destination for Indians. But hey that's the case with every big city so yeah it is what it is.
Same here in dehradun ncr people buying heavily here
This will just get worse with time. The way people are earning more and getting the idea of investing more, this will only increase the price of real estate in coming times due to managers who can earn to run their family at all tourist spots.
Title issues in Indian Real Estate will always be a major hinderance. Obtaining bank loan is a great idea to avoid this.
While you're making a good point but the fact is banks have lost a great deal of money themselves. Check out so many NPAs and defaults that banks make provisions for simply coz the money is stuck. Please always do the due diligence from your own end. Don't rely on anyone, including banks
Banks doing real estate verification is eye wash. I have seen top banks not doing proper due diligence.
there is one title that this information was all withheld, suppressed and concealed from everyone... there are many many different types of land TITLES out there... it all depends if you research and educated oneself on this subject matter...
@@nishilbright2007 The BANKS LOSE any ie money as it has none it own nothing... your talking about a subject that you are clueless on... and yes you need to do due-diligence in the subject matter you are dealing with... your misleading everyone here...
Hi Akshat, 8 % to 12 % yield on consistent basis from Residential property is far cry. Post tax yield assuming yield of 9 % and post few tax deductible expenses, you have to pay tax on residual income, which will will further reduce net yield. Other issue is Real Asset will not be liquid just like Equity, Net return will n't even HL rate of 8-9 %, My take is not more than 30-40 % of Net-worth should be in real estate and rest in MF/Equity based on risk appetite.
Well said. Also, an AirBnb establishment does not guarantee year-around occupancy, hence rental. There will be several lull periods during the off-season (e.g. Monsoon months) when your returns will be lower.
7:10 this easiest thing helps a little bit in initial checks but turns out to be no use when you really get trapped in a land dispute, local municipality approvals, unforeseen/hidden laws, legal issues etc at later stage when all your money has been disbursed to land owners and builders and you have no option but to keep paving bank EMI, taxes, maintenance charges and parallelly fight legal battle along with your daily job.
Banks will do some initial due diligence and primarily check customer profile because even they don't have any fool proof way to entirely check legal aspects of property in this messed up system.
But to sell their loan products they take some risks based on customer profile. Generally even in the worst case customer gets trapped in legal battles but their EMIs keep coming.
Hmmm.... So what r the safest properties then to buy Goa..?
Absolutely, banks are nowadays interested in the repayment capacity of the buyer than the property title/legal issues.
Really interested in buying property there..only issue is money😄
till then u can make money by investing well. i show my stock portfolio openly nd analyze what all shares i m buying. u can see that. might help!
Super Kush. I don't want to buy. If somebody allows me to stay in such property free more than happy
@@vinayakl2357 haha bro lets make Kush buy the property nd we can manage it nd live there also.
How about a Laxmi chit fund 😄
@@kushanand9563 haha yeah we just 3 boys. need a Bipasha
Currently I am in GOA. Nowadays people who come to GOA become less. People prefer to go outside India to spend time rather than in India.
Indeed. its is an overrated place. which ever month you visit its always Hot. And the Dec month when weather is better, its super expensive.
Beaches of Karnataka are better, cheaper & good weather
Goa is overrated place and loosing its beauty.. there are much better place in India or outside India which can be done at same expense
Slight correction for bangalore -
70-90 lakhs properties - 25-35k
1cr and up - 50k onwards, mostly upto 90k in big societies
Real estate mostly generates 9-10% overall including rent and capital appreciation. Akshat being such a talented investor in stock market can generate more returns in stocks
Well..this was an entirely different scenario I came to know about buying property in Goa.. thanks for the informative video👍
I have 5 office space . One in thane mumbai 4 in Noida. All 5 roughly 1000 sqft. Thane one I m getting 1lakh per month . Current price of the property is 1.8 cr though we bought @60 lakh 10 years back. Noida property is giving 45000 per month of all 4 office space each. (80lakh each )
Mauj he aapki toh
Can you provide more information on office spaces?
Thane is another city, not mumbai
Are you interested in Goa ?
I remember you saying I will buy a house in goa like 1 year ago
and finally you did
great
Make a video on
1. Delta Hedging
2. BTST - Buy today and sell tomorrow
3. SLBM - Selling, Lending Borrowing Money
4. Arbitrage.
5. Algorithm Trading.
Now days every one is saying etf is only way to get safe and better returns want to know your thoughts on investment in nifty bee junior bee bank bee. Will it be a good investment strategies for a side way market .
Akshat trying to be vlogger initially but then cannot hold his nature of sharing knowledge..hahaha..love from this end..big fan Akshat..
Our group lived in your villa in March 2019 - its a nice place, very close to the beach :)
What is the name of villa?
@@HimanshuKhanduja costas vista verde, found it on google
Hi Akshat
I stayed in your society last week in a AirB&B listed property. It's Costa Vista Verde. I liked the place. Definitely a good buy. I stayed in Patnem also and felt that rental yield are even higher there. May be a scarcity premium they are charging.
You should have Tata or Ambani kind of wealth to buy a Villa in Mumbai. There are some places in Mumbai which has literally 10-12 lakh rent per month.
50% to the manager is very high, if he manages 10 such properties then his income is 4 lakhs per month. On the other side you needed capital of 2 cr plus bnb charges, plus maintenance cost plus gov charges.
I know now I'll get your auto response to this comment, that too twice.
Real estate is the only asset class that will make you wealthy even if you don't understand it. Finally you are on the right track to make wealth (accidentally)!
ᴡᴀᴛsᴀᴘ ʟɪɴᴇ ᴀʙᴏᴠᴇ⬆️ ғᴏʀ ᴀᴅᴠɪᴄᴇ ᴀɴᴅ ᴄᴏɴsᴜʟᴛᴀᴛɪᴏɴ
किती व्यर्थ बोलता भाऊ तुम्ही 🌹
It's a really nice property Akshat- I stayed in the same Villa when I was in South Goa!
Where it is exactly?
What was the per day rent?
Where is it in Goa
Who is the builder ?
Would u tell name of this society?
Akshat is really improving his content and spending his best time at Goa
Hey Akshat!
Just wanted to let you know the average rent in Bangalore for a flat of 1cr has risen to 65-80k per month and people are paying for it. The options at walkable distance from office spaces are just around 80k-1L. In your view, would this market slump?
Appreciate your comments
What' sap me with the number showing above
for guidance, consultation and more
investment updates…
Srihari, where in Bangalore you get such rental?
dude are you serious? where is it for 80k
Boss 80-1L rent on 1cr property.., can you please clarify for how many months
Yeah..this cannot be true. Get me one such property bro i will buy.
Buying a Independent property in Bangalore is the.most diffcult in india
why
Habibi come to Mumbai 😅
Delhi NCR buyers got fooled by the myth that banks do proper background checks while giving loans. Now a major percentage is paying EMI to bank and no hope to get their flats or plots
I have brought a plot of 1000 sq/feet at 80 lacs & construction cost 45 lacs with furniture in Indore & build a paying guest house for girls now I am earning 1.5 lacs a month without any hassle. So more then 1% a month i am earning every month.
ᴛʜᴀɴᴋs̶⬆️ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ⬆️ғᴏʀ ᴍᴇɴᴛᴏʀs̶ʜɪᴘ, ɪɴғᴏʀᴍᴀᴛɪᴏɴ ᴀɴᴅ ɢᴜɪᴅᴀɴᴄᴇs̶ ᴡʜᴀs̶ᴀᴘ ᴍᴇ ᴅɪʀᴇᴄᴛ.
This was an entirely different scenario I can to know bout buying property in goa..thnks for this informative video
Nice video, Akshat - great info and insights - thx for your content!
Your videos are very educative and helpful. Looking forward for many more. Cheers👍
Whatever you tell it's more educative I feel addicted,,, I am a teacher and my teaching way resembles you,, keep going akshat,,
Akshat..... I work with Air india as a crew member there is not a single video I have missed of yours till date I have a dream to see you in the sky someday to fly you to your favorite destination.... Someday!
welcome....💐💐good to see in goa . I m from Karwar....
Ok
Appreciate your comments
What' sap me with the number showing above
for guidance, consultation and more
investment updates..
Goa is a very small state. Outsiders should not be allowed to buy land in Goa as bcz of ths there is pseudo rise in prices of land which becomes difficult for locals to buy at such high prices. There should be some domicile like 5 or 10 yrs stay mandatory before buying land for outsiderd.
Ya
Like Kashmir? LoL
Hahaha. Get lost
@@pratheeshm400 This comment is towards me Or Akshat?
I lived for 2 1/2 years in Ponda, Goa, I really liked it there, though not closer to the beach, I feel so nostalgic about it, the weather was great, the terrain was nice. and we used to hear that if you leave something somewhere, no one is going to take it, it would stay there if you come back for it. No wonder people want to live there.
You got at a very good price ..the same would have cost 5 crores in a city like Bangalore
I was staying in C1 last week , costa Vista ❤
140 Crore want to buy property in Goa. Coming 5 years Goa will not remain Goa. Real Estate has already destroyed 40% of Goan natural beauty, remaining will be done soon. Goans are themselves responsible for this for selling their property to become millionaire overnight.
You are an intelligent man " I bought a house in agra over 1 cr and guess what I am receiving 15000 rent only,so u made a good decision..
How's the long term appreciation value in Goa in terms on % .... Past can differ from present but just an approx .
ᴛʜᴀɴᴋs̶⬆️ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ⬆️ғᴏʀ ᴍᴇɴᴛᴏʀs̶ʜɪᴘ, ɪɴғᴏʀᴍᴀᴛɪᴏɴ ᴀɴᴅ ɢᴜɪᴅᴀɴᴄᴇs̶ ᴡʜᴀs̶ᴀᴘ ᴍᴇ ᴅɪʀᴇᴄᴛ.
I don’t about other Cities but in Bangalore rent definitely is on higher side. It’s very difficult to get one crore property rent just in price 25k per month.
You can get it if you look around
At the rate at which real estate is being bought up in Goa, with individual investors often purchasing multiple properties, this beautiful place will soon cease being the paradise it is. Parts of Goa have already turned hellish with concrete jungles replacing verdant forests. It's really very unfortunate that Goa is fast losing it's hills, forests, fields & coastal areas just so that some people can 'make an investment', park their excess or black money just so that they have a 2nd, 3rd, 4th......nth home, & in the process destroying the only home the natives really have!!
One can already see the repercussions of this frenzied real estate madness in the drastic drop in the number of foreign tourists, some of whom have even declared publicly in the media that they will never return to the paradise that has been ruined beyond redemption!
Congratulations Akshat 👍
I stay in Varca and im so pleased you chose Varca to buy your house. I stay near Pinto Bar
I'm born in Varca Goa but stay in Dubai. My unlce has been a sarpanch of Varca for 20 years
We have lots of property near Varca Goa. I would love to meet you to discuss some. Profitable deals
80k rent per month so annual is 960k on 2 crore. Rental yield is 4.8% per annum
That's correct. Property as an investment is a very bad idea.
Correct...and Airbnb is not a guaranteed income..need to do lot of marketing and bargaining
while buying a property for rental yield, one should give equal importance to capital appreciation, because the main earning will ultimately will be through how much value your asset had appreciated and not through how much rent one had earned from an asset in say one year
Lovely meeting you Akshay at Edwins Goa on Christmas Day... Charlene
12 percent yield on a 2 crore house. So you are saying you can charge 200,000 rs per month or 6600 per day consistently every day for a full year for multiple years?
he is a fool
Lucky you!! It's very beautiful!! Enjoy your good fortune. Great 👍👍
wow...amazing video, Akshat
The land price from September 2023 in the Village of RAIA, where the 6 meters road is passing through the village, the price of land per square metre is Rs.35,000/- to 50,000/- . But: at the Highway side of RAIA Village, the land price for per square metre is Rs.60,000/- to Rs. 80,000/- per square metre.
RAIA Village is a hot cake.
Great info,Best Wishes to you🙏🏻❤️
ᴡᴀᴛsᴀᴘ ʟɪɴᴇ ᴀʙᴏᴠᴇ⬆️ ғᴏʀ ᴀᴅᴠɪᴄᴇ ᴀɴᴅ ᴄᴏɴsᴜʟᴛᴀᴛɪᴏɴ….
ᴡᴀᴛsᴀᴘ ʟɪɴᴇ ᴀʙᴏᴠᴇ⬆️ ғᴏʀ ᴀᴅᴠɪᴄᴇ ᴀɴᴅ ᴄᴏɴsᴜʟᴛᴀᴛɪᴏɴ….
Dude if you keep 2cr in FD you will get lakh per month....No need to roam no need searching house just sit at home and earn interest...
I know this place ..it's in Varca ..have stayed here through Airbnb a few years back
ᴛʜᴀɴᴋs̶⬆️ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ⬆️ғᴏʀ ᴍᴇɴᴛᴏʀs̶ʜɪᴘ, ɪɴғᴏʀᴍᴀᴛɪᴏɴ ᴀɴᴅ ɢᴜɪᴅᴀɴᴄᴇs̶ ᴡʜᴀs̶ᴀᴘ ᴍᴇ ᴅɪʀᴇᴄᴛ.
I am fro Goa so can give some credible guidance. For such a villa you cant get more than 40K rent in Goa. Also if it costs only 2 Cr. it is in remote south Goa region. Typical price in Dona Paula and near capital city is 3.5 to 5 Cr. Best is for short term rent but the maintenance of such a villa will be very bad when multiple people use it as hotel. Labour is very expensive in Goa. Someone to maintain this villa will charge not less than 20K per month. Electricity bill will be around 6000 pm. So beware before you buy properties here.
ᴛʜᴀɴᴋꜱ Ŧᴏʀ ᴡᴀᴛᴄʜɪɴɢ👍
ꜱᴇɴᴅ ᴀ ᴍᴇꜱꜱᴀɢᴇ ᴏɴ✍️
ᴡʜᴀꜱᴀᴘᴘ…✙𝟏𝟗𝟏𝟐𝟔𝟎𝟔𝟖𝟎𝟎𝟓..
They are charging 8K per day as on last week
@@Akshat7107Amazing video.Want to shift to Goa myself to manage properties for tourists.
How did you finance this villa ? Did you take a loan ? If yes, can you make a video about loan vs buying your own property
ᴛʜᴀɴᴋꜱ Ŧᴏʀ ᴡᴀᴛᴄʜɪɴɢ👍
ꜱᴇɴᴅ ᴀ ᴍᴇꜱꜱᴀɢᴇ ᴏɴ✍️
ᴡʜᴀᴛꜱᴀᴘᴘ✙ 𝟏𝟒𝟔𝟗𝟐𝟏𝟓𝟓𝟎𝟐𝟏
You mentioned that you have hired a manager and you give out 50% of your rental revenue (6 - 7% yield) to the manager as his salary/commission. Isnt that a very high commission to give to someone who just manages your property or its a norm for every manager who takes care of your property to get 50% of the monthly rental ?
I am from Goa. What you say is true in part.
1. Rs. 81,000/- South Goa? 50% to Manager?
lucky bugger? Any more properties for
Management?
2. The best idea was to
get a bank loan. Let the bank do the donkey work. So take a small loan even if you don't want one.
3. Check who the land owners are, by checking the Record of Rights form 1&XlV. You can do this on line.
@@Louis7491 hi ..thank you for the info
Hey akshat, i have actually stayed at your villa in last may😂. Fantastic property. Good pool too.
Congratulations
Happy for You
God Bless
What is your view on investing in real estate in Jammu and Kashmir, will it be a good investment considering the tourism industry over there?
Security risk
Goa has become a victim of tourism. Now Goans are paying the price. The rental yield is so high that we natives too end up paying exaggerated rental rates..
Investing 2 cr n giving for rent 70 to 80k doesn’t seem a wise business
Akshat, Congratulations, You made good investment from TH-cam channel. 👍🏻
Hi akshat ji.. Which is the best area to invest in goa. For rental income purpose
Sir Which documents to check before buying property in Goa?
Bought it from James? Costa Vista Verde?
first and Foremost 🤩😁
After travelling several international beaches i love goa ❤…….
I live close by to Varca... rental yield you mentioned is on the higher side. Also please be mindful about land grabbers... in detail investigation of property is must before buying.
Well said, buying real estate is not a big deal if someone has money or can get and repay home loan. But people don’t realise that owning real estate is not easy if you stuck in any civil case then you will keep fighting cases in court for next 20-25 years. I am saying this based on my personal exp, I own agricultural land, Shops. Industrial plot residential plots, multiple houses, flat in ncr. Nothing on loan, There are so many challenges in managing and getting rent on time. Some people will not pay rent and will not vacate if you tried legal remedy then forget about that property for atleast 10-15 years and legal expense on your head. Real estate is good bit it comes with its own problems. I think owning a Realestae near by your local area is good so that you can keep an eye on things on your own. Buying real estate in another estate is a risky business. Where you are just like a tourist 😂.
@@nq8841 if you don't have power of local mafia don't rent anything if they miss rent by 1 day they call me and say sorry we will give you fast name is enough if nobody is afraid of you local chapri people will eat your property and you haha
@@triggeredlonda4317 Well said, that's what I said properties only locally where you can look after easily (Kick out if anyone gives trouble). I charge 500 a day for default rent for shops If still anyone don't pay I know how to do wasooli. but you will always get such few tenants who will never pay rent on time and if you know how to recover then its all good. these are common problems in real estate rental in our country that why i don't think its a good idea to invest in another state. There are millions of cases in courts if you choose to go legal way.
@@nq8841 if you are not a bhai or have connection of bhai in your town City your Land is gone i have seen many bhai taking land from upper middle class here shops are common it's business town in Maharashtra if have more than 1 wassoli guys come to ask their share day by day inflation is eating people if goverment can't stop inflation it will get worse salary of lower income class is same since 20 year inflation is so they are surviving on goverment rashan if lower class get mad in upcoming since billionaire in india want to build 15kcr house over the slums it will go downhill wages are not keeping up with inflation in india for 20years i have seen 16 year old boys killing kidnap in 1000 of them making gang for making money jobs only pay 5k to 8k
@@triggeredlonda4317 Ha ha ha 😛May be this kind of situation in your state, I am from UP living there from Multiple generations with enough family connections and capable enough to deal with such people . Btw in current Govt Such Bhai Log are in Jail or out of state and some send to hell by police. even before that we never got any problem from so called bhai log 😏 All the very best to you.
Excellent video Akshat, definitely helpful
2 crore of villa in goa
*WASTE OF HARD EARNED MONEY* 😂😅
instead of this you'll get 10000 sqm areas in beautiful village of canacona overlooking partially sea view
My friend Akshat your 2 crores villa will never appreciate, when you decide to leave Goa , they will offer you half price for your villa , that is Goa.
I have plan to buy flat in Candolim can you help me ?
This guy Akshat, worked only 5 months in BCG as an associate, having no such credentials in corporate, if listen the aspirants of foreign MBA...he sucks huge amount of money, no service, no knowledge...by selling INSEAD tag... become rich, at least what he intends to promote. Incredible India. 😆👌
ᴛʜᴀɴᴋꜱ Ŧᴏʀ ᴡᴀᴛᴄʜɪɴɢ👍
ꜱᴇɴᴅ ᴀ ᴍᴇꜱꜱᴀɢᴇ ᴏɴ✍️
ᴡʜᴀꜱᴀᴘᴘ…✙𝟏𝟗𝟏𝟐𝟔𝟎𝟔𝟖𝟎𝟎𝟓..
I am Goan and watching this. 😍
North goas property problem bcoz of new Airport at Mopa.
ᴛʜᴀɴᴋꜱ Ŧᴏʀ ᴡᴀᴛᴄʜɪɴɢ👍
ꜱᴇɴᴅ ᴀ ᴍᴇꜱꜱᴀɢᴇ ᴏɴ✍️
ᴡʜᴀꜱᴀᴘᴘ…✙𝟏𝟗𝟏𝟐𝟔𝟎𝟔𝟖𝟎𝟎𝟓..
2:22 pe gadi konsi hai?
Where is the link for the other commercial properties that you have purchased ?
Awesome, i am also living in goa for an year now, and that too in varca 😀
@Unfriendly atheist nobody wants to live in bimaru hellhole, industries and constructions are need of developing nation. And people looking for Jobs will always move to such cities.
Those who become financially independent and don't need to stay in such polluted cities. Always look for alternative.
As for living in Goa, or anywhere else,
we are contributing to the economy of such places by living here. Paying Rent, Buying groceries from locals and much more.
In which place you bought.. Please tell that as well
Akshat, excellent video, is it possible for a quick chat?
ᴛʜᴀɴᴋꜱ Ŧᴏʀ ᴡᴀᴛᴄʜɪɴɢ👍
ꜱᴇɴᴅ ᴀ ᴍᴇꜱꜱᴀɢᴇ ᴏɴ✍️
ᴡʜᴀᴛꜱᴀᴘᴘ✙⑨①⑦⑤⑨⑦⓪③⑦⓪⑧①
A few months back u have made a video on how real estate investments can go negative if its not commercial. And u have specifically mentioned that -- why can t I go for a Portugal golden visa than buying a villa in Goa.... & wow, u bought a villa in Goa..... Nice.... usually u talk about new words in english to improve our vocabulary, thanks for that, but this time let me introduce a phrase to you, it should be quite new to you "walk the talk"
Very nice.. Real estate education explained 👌
I totally stand with kashmir people, today Goa is being destroyed by this real estate people similarly they will destroy beauty of kashmir if they got access to land and property. RiP Goa
Interestingly, you spent some good time in Goa to know the market and then you purchased the prop which is really major piint to be considered...
Thanks for sharing bro...great video...
Which place in goa is this property. I am planning to move to Goa and want to know best area where I should look for houses
Dude, I actually stayed in one of those villas when I went to South Goa last year, it was actually good
What was the villa name...?
A real estate supposedly boom in Goa, ultimately will be detrimental to the social fabric of Goa. The state one of the richest in India, does not need or want monies from out of state buyers. A capital gains tax should be implemented on such properties.
@81000/Month on 2Cr Investment the Monthly Yield should be 4.86% not 6-7% 04:14
Hi Akshat. Just to be clear if you have bought a villa in a villa complex then the land probably doesnt directly belong to you and you may be owning undivided proportionate share in the larger property itself. Please check.
Since you have commercial goals it’s ok
Rental yield in delhi is 70-75k for 1.5cr home with 4 floors in 55sq yards
Where in Delhi?
I saw a add on face book from GHD builder from Goa that he is building a resort in dodamerg .and if you booked a villa in that project you will immediately get fixed rental income.
Please guide me that should I invest in that project or not.
Please reply
You can’t even buy a flat for 2 crores in my city( and it’s the poorest metro) buying a frigging villa in Goa?
Construction is not strong.
I bought one in south but all after 3 years a big crack's. I am surprised 😯 and spend lots of money to repairs. 🙏
⚠️Make sure everything is legal when living in Goa, Non goans usually do things the illegal way...so show some respect to Goans.
My 3 cr flat in metro! Which gets zero returns and if I want to sell and move to a new building I get half the size! I don’t even understand how someone can buy a villa in 2cr.
Absolutely informative.
It would be great if you can help with any agent or broker who can help us getting similar property near beaches.