I m silent listener since year.... Today's podcast is related to my profession as i have in real estate businesses since 18 years. In lhr. Its lucrative for those who are already in files businesses.... New type of fruad...inspired from block chain investment. In rhe end they will fly...and properties will still on their estate names.which they own...
This sort of attitude is the problem holding us back. Investments always have an element of risk its never a 100% win on every case.. Even in the worst case there is much to loose. You bite what you can chew, thats the beauty in fractionalizing. Even if these guys fail, the learning process in terms of regulations and appetite for risk aversiveness in society will evolve and someone better will replace them and a better regulatdd environment.
As a crypto trader since 2017, I love this idea coz bitcoin is not backed by any asset if the bubble burst you have nothing just worthless code but in this case, you are trading a part of an actual property that exists in the real world. buying and selling plots in the virtual world already exist buy these guys take it to the next more secure level. this is A multi-billion-dollar idea and your UX design is amazing decent and simple
I genuinely Loved the idea at first... but in my opinion this idea can create crisis in realstate industry ... every one will be investing for profit and long term which can create genuine buyer Life a hell ...
This will create huge gap. This will add huge market cap in real estate and people have tokens of plots, but as a whole no one has a plot in actual. The real concern will then arise that people will not have possession for their land and investment for the sake of investment in real estate will inflate the prices of property to skyrocket.
Real estate in pakistan and around the globe suffers from one major issue and that is liquidity. Asset fractionalization concept by xstate solves that. + only elites taking advantage of the lucrative real estate sector while lower middle class can't afford to invest or even save themselves from inflation or currency devaluation
YUSSSSSSS THANK YOU FOR THISSSS I have always wanted to invest in "money making money" assets. Real estate being one wasn't accessible because I just graduated!! Please have more guests like these !!
I like the idea of crwodfunding in real estate but my biggest issue is here "trust" and "integrity from an overseas Pakistani point of view. What security do you provide?
Hey bro proud of your work. And just want to say as you have featured them so many of us are going to contact them, but did you do your full research that they are not fraud. Because now people watch your podcasts as Guidance purposes in many way.
This was a really amazing podcast. The insight these guys had with amazing questions from muzamil to extract the core idea behind their project was phenomenal.
The only thing which I see is that most of the Startups founders are foreign graduates and that does raise a valid point that our education and universities are not good enough. We need to work on it as well.
Actually when they go outside they observe many things and than they come and start same business here. But now here university students should not completely rely on their education today youtube and internet is one of the best university.
@@lobstercommunity3988 *most of them bring ideas which are already running well on foreign countries* You just explain the business model of Rocket Internet. The Rocket Internet is Germany based company which business model is to bring the well established ideas from Foreign Countries to the Third World countries or the countries where those ideas has not been introduced.
Sir jitne kabel foreign graduates hn vo bhi human pta h. STEM vale jo kabl hote hn vo vaapis nahi aate. Humain milte hn MBA aur Lawyers jinjo ne America Ka bera ghark kr diya h to hum kis khet ki mooli hn
real estate exchange sounds very interesting, if I can sell my real estate shares independently, I would not be hesitant in buying them, but on the other hand, if everybody starts doing it, it will definitely prop up the real estate bubble, and you know what happens when real estate bubble pops.
The idea has been adopted internationally as OPTIONS. To be able to implement this idea a lot of work needs to done in terms of legislation and legal framework. I have been working as a Property Valuer and I wanted to invest in Property Market in Pakistan but I am reluctant just because of lack of legal security.
Just fenomenal pod.. As a overseas investor i see following risks: 1. Market is unregulated. 2. You can't take one animals heart and put in another and hope for the best. They are trying to adopted crypto currency method into housing. 3. 2008 housing crises started because of unregulated housing market. So its gonna be ticking time bomb in future. 4. Prices can go sky rocket. And ofcourse there are other factors aswell.
I hope following answers your queries (although late) 1. Asset fractionalization market is strictly regulated by SECP and hence xstate too abides by these strict regulations. 2. Firstly, stock market has been around for decades which offers shares (fractions) of companies and we can trade them as well. xstate does the same with real estate. Secondly, using blockchain ensures transparency and security of records like ownership proofs etc. Crypto uses the same technology. 3. The housing bubble in 2008 happened because lots of people borrowed money to buy houses, but then they couldn't pay back the loans. Middle class in pakistan don't usually take loans to invest. 4. Yes. but with additional liquidity and benefits will now be shared with middle class as well (instead of only elites).
The idea sounds interesting, however even though it is great for investors it will make the situation bad for society or normal people. Keep in mind that rich people currently investing in real estate will be able to same money in these type of marketplace which will hike whole price a lot much like stock burst.
As the property is owned by xstate and some one buy a chunk of the property. Now xstate have both property and investors money. My question here is what is the guarantee of investor's money is protected and xstate Wil not run away with money and property?
Muzamil Thanks for Highlighting this Opportunity, Small suggestion If u can talk in Urdu as much as u can this will really help to understand more in-depth.
Good question. I'm an REIT stock holder. DCR. and same question came in my mind. there are many types of REITs, Buying, Renting, and Hybrid. They're more secure and auditable. But I like this Xstate idea because people in Pakistan are afraid to invest in stocks and only way to attain an REIT is via a broker, will their lengthy account opening process, and their fees, and fear of stock market as well. This Xstate is doing Foodpanda stuff. Bring REIT to doorstep. That's what I have concluded...
Lalaaa I dont know whether your model works or not but by paying 5000 I can say Oye I have Property investment in D-12 Islamabad. Thats enough for right now ... secondly yes crypto jo tabahi iss mulk ma machaaa rhai hai, atleast we have alternative now, Very Very Best of Luck, same city Will meet you InshAllah.
from the little i understood this is like a few start-ups which were launched in the US i believe, so this model can fail if done wrong and can be very good if done right!
Hi Muzamil, You should include an option to support you via one off donation as well, not everyone may want to support on a monthly basis. There is no option for it when I checked via above given anchor link.
This concept is already practially implemented by commercial builders in bahria town private builders by selling their commercial un-built property and giving investors pe4 month fix profit aswell.
Is it safe to say xstate is a REIT management company? Secondly where will you guys be listing the stocks? Doesn't it need approval from SECP before you can sale partial fractions of the property to the public? I recently saw a new regulation from SECP about REIT as they are ready to accept new proposals. Hoping for a reply. Thanks
@@AsifKhan-hi9ck very interesting.. although crowdfunding a grey area in Pak but hope you guys get registered with SECP to build public trust. I have registered myself to xstate ✌ Hoping for a bright future for the company in the coming years IA. And in case you guys looking for interns in the operations dept count me in ✋ would love to see the success from up close. Thanks
Which government agency or department would regulate their activities….would this count as buying and selling of securities …..🧐🧐🧐 He said this not being done anywhere in the world …that’s not true…his model is called REIT ….and it’s being done all over world exchanges….If you type in REIT on any international brokers website you will get so many REITs available to purchase…it’s not an innovation they are introducing….both the interviewer and interviewee are either lacking research or authenticity….
Well I see great scope of this idea and I think this is going to be a big company (probably a unicorn) I never invested my money so fast but I have a question from the founders; how do they select and buy real estate?
How to find right people for app development please ask startup founders as they are not programmers mostly, do they hire anyone and pay them monthly or they get job done by software house. Basically i want to know how to take start.
They didn't get my confidence to invest. They haven't listed it yet to PSX how could we be convinced? We already got option in form of REIT on psx (DCR) who even giving dividends quarterly regularly. It is not working gentlemen for now but would love to see your company listed on psx so we follow.
One question for the founders. What if yall have some complications and this idea doesn't work out, what happens to the money of the investors? Do they get a full refund?
A very good friend received 100% refunds when the company paused their operations for SECP approval. + idea did work out and there were hundreds of investors who trusted xstate with their hard earned savings.
Dao Proptech is already offering real estate shares. I personally don't like this idea, we already have an army of real estate agents who have made property unreachable for a common man and now these shares companies will make it worse. Real estate is for the people to build homes and live with their family, it's sole purpose is not to invest for capital gain and make it unreachable for a common man.
![CAMPปลิ้น | รวม Highlight 2024! PART [1/2]](http://i.ytimg.com/vi/6hnvNnvYloU/mqdefault.jpg)
I m silent listener since year....
Today's podcast is related to my profession as i have in real estate businesses since 18 years. In lhr.
Its lucrative for those who are already in files businesses....
New type of fruad...inspired from block chain investment.
In rhe end they will fly...and properties will still on their estate names.which they own...
Can you explain a bit more in details? Example mene invest karna ha or apne rokna ha mujhe.
This sort of attitude is the problem holding us back. Investments always have an element of risk its never a 100% win on every case.. Even in the worst case there is much to loose. You bite what you can chew, thats the beauty in fractionalizing. Even if these guys fail, the learning process in terms of regulations and appetite for risk aversiveness in society will evolve and someone better will replace them and a better regulatdd environment.
As a crypto trader since 2017, I love this idea coz bitcoin is not backed by any asset if the bubble burst you have nothing just worthless code but in this case, you are trading a part of an actual property that exists in the real world. buying and selling plots in the virtual world already exist buy these guys take it to the next more secure level.
this is A multi-billion-dollar idea and your UX design is amazing decent and simple
Such a thoughtful and creative initiative that almost everyone can avail. Thank you guyss
I genuinely Loved the idea at first... but in my opinion this idea can create crisis in realstate industry ... every one will be investing for profit and long term which can create genuine buyer Life a hell ...
True
It wouldnt be that different from the current situation where power lies in the hands of few rich investors
This will create huge gap. This will add huge market cap in real estate and people have tokens of plots, but as a whole no one has a plot in actual. The real concern will then arise that people will not have possession for their land and investment for the sake of investment in real estate will inflate the prices of property to skyrocket.
Real estate in pakistan and around the globe suffers from one major issue and that is liquidity. Asset fractionalization concept by xstate solves that.
+ only elites taking advantage of the lucrative real estate sector
while lower middle class can't afford to invest or even save themselves from inflation or currency devaluation
Just amazing. I am amazed that how much talented and visionary people we have here in Pakistan.
The word “right” frustrated me in first 7 minutes….
You bet!
hahaha, yaar I got so irriated from myself by saying right so many times. Thanks for pointing it out.
Mr right
Qasam sag
Right?!
YUSSSSSSS THANK YOU FOR THISSSS
I have always wanted to invest in "money making money" assets. Real estate being one wasn't accessible because I just graduated!! Please have more guests like these !!
I like the idea of crwodfunding in real estate but my biggest issue is here "trust" and "integrity from an overseas Pakistani point of view.
What security do you provide?
this seems to be a company of upcoming Billionaires amazing work guys...........
Hey bro proud of your work.
And just want to say as you have featured them so many of us are going to contact them, but did you do your full research that they are not fraud. Because now people watch your podcasts as Guidance purposes in many way.
we need more visionary and creative people like them who have expertise to make lives better!
much appreciation.
This was a really amazing podcast. The insight these guys had with amazing questions from muzamil to extract the core idea behind their project was phenomenal.
The only thing which I see is that most of the Startups founders are foreign graduates and that does raise a valid point that our education and universities are not good enough. We need to work on it as well.
I think it has to do with the fact, thay they have more exposure, most of them bring ideas which are already running well on foreign countries
Actually when they go outside they observe many things and than they come and start same business here.
But now here university students should not completely rely on their education today youtube and internet is one of the best university.
@@lobstercommunity3988 *most of them bring ideas which are already running well on foreign countries*
You just explain the business model of Rocket Internet. The Rocket Internet is Germany based company which business model is to bring the well established ideas from Foreign Countries to the Third World countries or the countries where those ideas has not been introduced.
Sir jitne kabel foreign graduates hn vo bhi human pta h. STEM vale jo kabl hote hn vo vaapis nahi aate. Humain milte hn MBA aur Lawyers jinjo ne America Ka bera ghark kr diya h to hum kis khet ki mooli hn
real estate exchange sounds very interesting, if I can sell my real estate shares independently, I would not be hesitant in buying them, but on the other hand, if everybody starts doing it, it will definitely prop up the real estate bubble, and you know what happens when real estate bubble pops.
Within 1st 15mins of watching this video i was impressed and bought my share. Looking forward now
Mtlb hame 5000 hr months ktne salun tk dne hngy?
@@hadiatassadaq7379 no. U wil pay once to buy some share
The idea has been adopted internationally as OPTIONS. To be able to implement this idea a lot of work needs to done in terms of legislation and legal framework. I have been working as a Property Valuer and I wanted to invest in Property Market in Pakistan but I am reluctant just because of lack of legal security.
best concept they are offering
Best Podcast so far! Great startup and business idea loved it!..
thank you guys for creating this opportunity for middle class
Such a very effective and constructing discussion. Thanks to these guys & Muzamil
Kindly invite Usman Gul Co-Founder & CEO of Airlift technologies.
@@safiadam7920 I have not offended you, my message is for Muzamil. Kindly use good language.
@@safiadam7920 Why are you demonstrating your terrible upbringing here?
kya kamal idea ha...
It gets funnier when Muzamil also starts agreeing with 'right'
right
right
Right
Kindly invite Muneeb Maayr founder of Bykea Pakistan.
Just fenomenal pod..
As a overseas investor i see following risks:
1. Market is unregulated.
2. You can't take one animals heart and put in another and hope for the best. They are trying to adopted crypto currency method into housing.
3. 2008 housing crises started because of unregulated housing market. So its gonna be ticking time bomb in future.
4. Prices can go sky rocket.
And ofcourse there are other factors aswell.
I hope following answers your queries (although late)
1. Asset fractionalization market is strictly regulated by SECP and hence xstate too abides by these strict regulations.
2. Firstly, stock market has been around for decades which offers shares (fractions) of companies and we can trade them as well. xstate does the same with real estate.
Secondly, using blockchain ensures transparency and security of records like ownership proofs etc. Crypto uses the same technology.
3. The housing bubble in 2008 happened because lots of people borrowed money to buy houses, but then they couldn't pay back the loans. Middle class in pakistan don't usually take loans to invest.
4. Yes. but with additional liquidity and benefits will now be shared with middle class as well (instead of only elites).
The idea sounds interesting, however even though it is great for investors it will make the situation bad for society or normal people. Keep in mind that rich people currently investing in real estate will be able to same money in these type of marketplace which will hike whole price a lot much like stock burst.
Xstate episode is back up??? Yay
Muzamil you should also do a podcast or video whatever for explaining jargon especially economics & investment related in layman terms. 😬
Muzamill Bhaiiii Plz Dr Zeeshan Usmani Aur Hashim Nadeem Shb Ko Bulain Na Plzz
As the property is owned by xstate and some one buy a chunk of the property. Now xstate have both property and investors money. My question here is what is the guarantee of investor's money is protected and xstate Wil not run away with money and property?
That's same my question. Maybe people are going to trust them, as they are inviting by the you tube channel to the world.
@Azfar Kashif What are these further level securities? can you explain it little bit more
O damn i just thought of this idea today and they have already done it so happy to hear this
Muzamil Thanks for Highlighting this Opportunity, Small suggestion If u can talk in Urdu as much as u can this will really help to understand more in-depth.
This is the future. wonderful!
Brilliant , Excellent , Marvellous
Rightly said in the end, geographical boundaries, and collectivism is going down the drain, it's all about Digital Nomad thinking now.
Xstate declared illegal by SECP as of 17 Dec 2021
Thanks for information
xstate paused it operations immediately after SECP's request (until approval) and refunded 100% of investments it raised for property crowdfunding.
I wonder what is the difference between REIT and this model. Secondly, why this model is preferable over already established REIT?
Good question. I'm an REIT stock holder. DCR. and same question came in my mind. there are many types of REITs, Buying, Renting, and Hybrid. They're more secure and auditable. But I like this Xstate idea because people in Pakistan are afraid to invest in stocks and only way to attain an REIT is via a broker, will their lengthy account opening process, and their fees, and fear of stock market as well. This Xstate is doing Foodpanda stuff. Bring REIT to doorstep. That's what I have concluded...
Brilliant
Lalaaa I dont know whether your model works or not but by paying 5000 I can say Oye I have Property investment in D-12 Islamabad. Thats enough for right now ... secondly yes crypto jo tabahi iss mulk ma machaaa rhai hai, atleast we have alternative now, Very Very Best of Luck, same city Will meet you InshAllah.
Right right right right abbbbbyyyy bsss yrrr right right right right arryyyyyy bhae right right right
Such a brilliant idea ! This is what Pakistan is about :)
Investment talking guest ❤️❤️❤️
Mesmerized with the concepts, you guys nailed it ... May Allah give you success Ameen.
Interesting concept, lets see if they will make what they have explained here.
muzzamil you're doing a great job!
RIGHT RIGHT RIGHT RIGHT ...... everything is RIGHT ....... RIGHT RIGHT RIGHT 😀
Such a great initiative and very thoughtful "right"
I would say these guys are doing great work. May your business flourish in the coming years.
this is what i was waiting for.. Great
Right, Right, Right, Right, Right, Right, Right, Right, Right, Right, Right, Right, Right, Right Right, Right, Right, Right, Right, Right, Right, Right, Right, Right ffs.
loved the concept
from the little i understood this is like a few start-ups which were launched in the US i believe, so this model can fail if done wrong and can be very good if done right!
That is an interested concept though I do wish there is some legal safety for the buyers
Kindly invite Shoaib Makani Co-Founder & CEO of KeepTruckin.
Who are you adil i see you in every videos comment sections and how do you know about the people you reccomend to muzamil
@@quantumality0084 I read startup articles of Pakistan & follow them closely.
@@adilali5334 thanks
I will try it with few changes in my hometown inshaallah.
Hi Muzamil,
You should include an option to support you via one off donation as well, not everyone may want to support on a monthly basis. There is no option for it when I checked via above given anchor link.
I didnt know about them . definitely gonna insist my dad
to invest
where to buy a property with xstate? i can't see any platform or website assisting in investing.
Very excited to see this!
How is this different from REITs?
Best
What an idea Sir g
All I heard is right 👉.... Right 👉..... Right 👉 I'm blown
This concept is already practially implemented by commercial builders in bahria town private builders by selling their commercial un-built property and giving investors pe4 month fix profit aswell.
Loved them.
Is it safe to say xstate is a REIT management company? Secondly where will you guys be listing the stocks? Doesn't it need approval from SECP before you can sale partial fractions of the property to the public? I recently saw a new regulation from SECP about REIT as they are ready to accept new proposals.
Hoping for a reply.
Thanks
xstate works in equity-based crowdfunding, it's not REIT.
Kia psx me registered hon gay
@@AsifKhan-hi9ck very interesting.. although crowdfunding a grey area in Pak but hope you guys get registered with SECP to build public trust. I have registered myself to xstate ✌ Hoping for a bright future for the company in the coming years IA.
And in case you guys looking for interns in the operations dept count me in ✋ would love to see the success from up close.
Thanks
REIT is the best form of tokenization and liquidity is better
RIGHT...
zabardast
Right 😐
Once invested if I need money then what is the solution ?
Which government agency or department would regulate their activities….would this count as buying and selling of securities …..🧐🧐🧐
He said this not being done anywhere in the world …that’s not true…his model is called REIT ….and it’s being done all over world exchanges….If you type in REIT on any international brokers website you will get so many REITs available to purchase…it’s not an innovation they are introducing….both the interviewer and interviewee are either lacking research or authenticity….
The great initiative.
Great initiative. Which two companies are given permission in sand box environment in this domain? TIA
What's sandbox? Can anybody explain this to me?
Just visited their site. Could not find a way how to enlist myself their. Their was no product to buy
bro now I'm gona invest.........uncle g profit mlna chaiye mei apne 2 maheene ki pocket money laga raha 5000Rs😭😂
Kb tk dne hngy 5000 i'mean for how many years?
Do u think it is not fraud?
@@hadiatassadaq7379 You have to lock it for 3-4 years.
When the guy keeps saying right and then muzammil Bhai says right🤦🏻♂️
That was so frustrating to hear 😂
Right
Right .
never able to find the podcasts on spotify
Muzamil bhai kindly invite someone who has information regarding NFT's.
Well I see great scope of this idea and I think this is going to be a big company (probably a unicorn) I never invested my money so fast but I have a question from the founders; how do they select and buy real estate?
How is this different from buying riets??
Right!
How to find right people for app development please ask startup founders as they are not programmers mostly, do they hire anyone and pay them monthly or they get job done by software house. Basically i want to know how to take start.
If Xstate buys a property at price e.g 10million..do they float tokkens on value of 10 million or more?
Kindly invite Ahmad Saeed CEO and Co-Founder of GrocerApp Pakistan.
Bhai aap itnay ceos ko kaisay jantay ho ?
@@lobstercommunity3988 I read startup articles of Pakistan & follow them closely.
Right😌
Wow 🤩
Perfect
You guys need to work on TWO guys setup
no xstate app on the android marketplace.
Web
@@muhammadharris4470 huh?
I didnt even realize when I lost track about the podcast and start counting that guy's "rights"
Right!!!!!!!!!!!!
komidi kimg
They didn't get my confidence to invest. They haven't listed it yet to PSX how could we be convinced? We already got option in form of REIT on psx (DCR) who even giving dividends quarterly regularly. It is not working gentlemen for now but would love to see your company listed on psx so we follow.
Right?
Kindly invite Furquan Kidwai founder & CEO of Dawaai Pakistan.
One question for the founders. What if yall have some complications and this idea doesn't work out, what happens to the money of the investors? Do they get a full refund?
Your money will be gone
A very good friend received 100% refunds when the company paused their operations for SECP approval.
+ idea did work out and there were hundreds of investors who trusted xstate with their hard earned savings.
Dao Proptech is already offering real estate shares. I personally don't like this idea, we already have an army of real estate agents who have made property unreachable for a common man and now these shares companies will make it worse. Real estate is for the people to build homes and live with their family, it's sole purpose is not to invest for capital gain and make it unreachable for a common man.
Next Harshad Mehta of Pakistan