How to PLAN and BUY a HOUSE in India? EMIs, loans, build vs buy, construction quality?
ฝัง
- เผยแพร่เมื่อ 10 ก.ย. 2022
- ►My new stock market course starts in October 2022 [SEATS FILLING FAST]. Read all the details here:
wisdomhatch.com/finance/
______________________________________
Should you invest in real estate in India?
If yes, then how?
- Buy a flat or commercial property?
- Buy from a builder or construct your own house?
I cover all these [and more doubts] regarding real estate in this video. Do watch it till the end :)
*******
Sign up for my Newsletter ► www.wisdomhatch.com/newsletter/
Linkedin► / akshatshrivastavainsead
Twitter► / akshat_world
Instagram► / akshat.world
Telegram► t.me/akshatshrivastava
*********
Attributions:
Stock videos from Pixabay and Pexels
Logos: Wikipedia Commons
Video Editor: Vallabh Salgaonkar
►My new stock market course starts in October 2022 [SEATS FILLING FAST]. Read all the details here:
wisdomhatch.com/finance/
I already having a mutual fund portfolio getting good returns but want to get reviews by an expert like you.
I started in 2018 mid year and till date investing and using SIP way.
Need to get it checked as how much I would accumulate by 2028/2030 maximum.
Investing around 40K PM.
One more thing I am having some equity shares in my Demat Account and need to get reviewed also.
I have invested decent amount in it. I want to make a nice equity portfolio from Long term perspective around at least 4 to 6 Years.
you haven't counted in mid-tire towns. I'm staying in town here if you build a house it costs you around 40 lakhs to 41 lakhs for building 7 - 1bhk and plot costs another 20 lakhs which gives a rent of 5.5 thousand rs every month .5.5*7 which is quite less than the interest I pays. I found it is better to build houses in towns where industries existed near the towns than buying the flats in cities which we doesn't own
@@gauravsuri1732 pp
Will I get tax benefits on the loan taken to buy a land on which I will construct my house??
Hi… do you do a one on one consultation?
Finally Real estate video !! Please do a lot more videos of paper works, buying process, etc..
Buying a house in the outskirts of the city and constructing the house after a decade is a far better option. You won't feel financial burden and you can choose the quality of construction yourself for your house.
Yes planning to buy..but there is so much that pre work that goes into it. Thanks for the video. It helps!
Great insight Akshat ! Certainly look forward to more real estate and car videos for more information
Akshat, buying a land is pretty complex given we do not know whether i am buying a genuine land or not. Property papers are correct or not etc. Can you make video on that?
Hire a lawyer especially real estate lawyer from your government property office ie. Kacheri they will taken care off all your headache about real land .
Land law is not effective in India, we can find 100 loopholes even in a genuine land. They can drag you to the court nowadays lawyer does this full time their job is to find loophole and exploit it. Our court system is such that to serve justice can take easily 15-20 years by that time one person life span completed(I mean his career life) by practical we are facing from civil court we won then they put in high court then high court we won now they put miscalenous case. The story won’t end here after we get that case also won then we have another world called execution court. Till india have proper land reforms act and judicial time bound or ensuring a challenging case they have to keep heavy amount in court if they really want to challenge all this reforms are long way to go in India for both land reforms and judicial time bound. Till that don’t waste time, effort and energy in buying land rather look for other alternatives investments like Gold/Equity/Debts etc even worst case still FD is better than all this hassles.
get it verified from lawyer
LLA have made a good video about this
Try with a Plot loan. Since Bank verifies all the legalities of the plot and documents in order, it will be safe to check with bank and lawyer.
11:06 agree with you Akshat, one of the major problem here in Goa.. and also most of the properties are disputed and if you are outsider you won't get any help from government office.
Very good analysis considering you have just recently shifted to goa
I was expecting this video. Thank Akshat.
Edit: Kindly make a more detailed video around how to by properties, the selection, the paperwork as well as the financing and by property I mean commercial property. Help us with your experience. Kudos to you for spreading the knowledge.
Again u do nt seem to be insisting on the liquidity aspect of an investment portfolio which in my opinion is most important as and when require money v hv to hv it and hence v invest in shares like Hdfc. Group HUL ETC THIS POINT U SHUD BRING TO TJE NOTICE OF THE GUYS
Thank you for this video. Enlightened 👍🏻
Akshat, Thanks this is of great insight, hoped someone would have come up with this kinda video when I purchased 🙂. Would like to request you to make similar video on purchasing commercial property.
Good video Akshat, do make a video on buying cars considering people buy cars based on emotion more often rather than purely on rational basis
Formula 3-20-30-40 is really useful for salarized people. Thank you Bro
This is very practical guide to go about things with some really smart add-on tips !
Thanks for sharing ...
Great work. Well explained
Great video Akshat !!
Very very useful and Insightful Video Akshat sir. Thank you sir For the video.
Fantastic video, highly insightful. Loved the point about a contractor and garbage picking.. really insights nobody will tell you. Eagerly waiting for more insights on real estate.
Great video Akshat! Just love the way you speak! I'm a huge fan! Please do make the video around buying a car...
One opposite view: in time of our parents rented yields were high not because rent was high but because price of the property was lesser !!
In my city in 2008 price of property (3 BHK apartment) was 8-10 lacks max 12 lacks now it is 80-85 lacks having CAGR ~ 17% which is not achievable for tier-II/III City!!
how about 2006? You are comparing from the very low during 2008
@@a.yashwanth intention was not to compare it with stock market effects however there was little impact on tier II/III Cites of BIMARU state in real estate markets affected by stock crash. Yes in 2006 prices were bit lower than 2008. It all begins with starting nexus of land mafia as liberalization reached with delay in these backward cities!
@@Ram-js4djindians like u are bimaru brother. Such prejudice political prejudice thought displays your mental status
@@cakebakeproject you must be flying on ur papa’s illegitimate income or you may be relative of corporates 😄😄
All these factors should be taken into consideration when you consider real estate as an investment. Owning a home for self use has a more emotional feel to it
Akshat I really want to invest in a commercial property and really wanted your guidance on the things to lookout for while buying one and what are the tax implications on renting one...I would really appreciate if you could make a detailed video for commercial investing
Really too good information provided. You did great research and hard work to let the people understand a lot….🙏👍
Really very very helpful tips while buying real estate.
Next time Pl give some tips for buying new / old flat in an apartment complex developed by reputed builders / companies.
Thank you
Useful Tips..! Thank You ❤🙏
@akshat - Great video but I was surprised you did not talk much about the hidden cost of high interest rates - over a 20 year period at current Interest rates - you would end up paying almost equivalent amount of interest as the property base cost - the second point I though you probably should cover is cost of maintenance of property and the kind of tax benefits that families can get by buying and renting
This was very helpful and insightful. Thank you.
very early in my career i brought a small land in Dehradun for just 3 lacs.. i made 3 shops there.. rented them for over 12year now and rest of the land i sold of recently for 80 lacs.. thats 15 years total and i still own those 3 shops...i never had such returns in equity.. hence i swing nifty 50 when its down and i invest 20% of my investment portfolio by myself in equity where as 60% still goes in buying lands in tier 2/3 cities.. 5% in crypto..I like all the logics in this video..great stuff @Akshat
Wonderful content 👍Thanks for sharing.
Thanks a lot Akshat. Waiting for your video about car.
Yes making video on whether should buying car or not !
Really appreciate your sincere efforts
Good ideas and very practical.
Thankyou so much Akshay beta you are taking so much pains to make us understand each and every point
Yes it's very usefull.
Thank you for sharing this
Make sense , through your logical explanation.
I don’t think you’re the right one .🤭🤭
India mein tiny house ka style shuru hona chahiye. Bade gharon mein rehnewale log kam ho rahe hain, tab bada ghar khaali aur boring lagta hai. Ghar chota aur cute rahe toh acha hai but garden bahut badaa hona hai.
Thanks Akshat..keep giving us opportunities to say that....
very helpful. Thank you so much Sir!
Good video, useful to me. Please continue your good work.
Yes do make a video on buying a car or not. Especially do consider electric cars worth buying?
Thanks for posting this insightful video Akshat!. These may seem trivial and not decisive, but absolutely should be kept in mind while going for any real estate. Please keep videos like these coming through. I am very excited about you trying to build a real estate portfolio and your though process/research around getting this accomplished. Thank you and all the best!
👆🏽📥 📥
Insight full.
Yes akshat, you want to make a video about buying car.
Superb content sirjee! Extremely helpful it is! Cld you pls make a video on buying a super inflated flat in tier 1 cities VS buying a villa/rowhouse in tier 2 and tier 3 cities. I GUESS, it will be a great video.
Feedback appreciated..⬆️
Wanting more info and insight???
WatsApp the number above,
Endeavour to reach out.
Thank you for this video ❤️
Hi Akshat, could you please do a similar analysis with all such calculations for a car. My husband has to commute daily by car and it is quite necessary for him so car is required for us but such generic calculations before buying a car will be really helpful
ty sir The formula was awesome 😃😃😃
Always comes up with the best content possible 🤩.... Everything said in the video is actually right. Keep going brother
Very practical view on buying property
You are right. Sell your high value property and buy your own house in a small city and live peacefully on simple budget without headaches.
Hi Akshat, Really good video... You are really talking about the practicality of real estate investment... Way to go... Look forward to more videos on investment in real estate..
🚀⬆️
Thanks for the insightful content. Would love to hear your thoughts on buying a resale proeprty of 5/8/10 years old in a good area. Or is it always good to buy a new property if that is your first investment
In Bangalore however the property rent and buying prices have gone up crazy..~10% increase each year or even more than that in the most popular areas like sarjapur,bellandur etc. Even in whitefield.And all the places rental yield has become >6.5% easily..It is not only 3% any more so more and more people are buying multiple properties(apartments/villas)
Thank you Akshat. Can you please do more videos on property? Especially properties in Goa, tier 2 and 3 cities/towns? The property market interests me a lot as I have some kind of a background in building and construction. For example I helped build a bungalow in Calangute, Goa, years ago and was responsible for permissions, dealing with Panchayat, Communidade, conducting a search going back 100 years, overseeing construction, furnishing the home, etc and it had been an experience. However, I would not consider places like calangute, baga, Candolim, etc as properties are too expensive, too crowded, too commercial and the beauty of the land is lost. I could go on and on, however, I appreciate where you are coming from as I can see you do a lot of research and am looking forward to watching more videos on property. Thank you.
Good one similar to stocks
everyday quality of knowledge is increasing
The formula was awesome man. It exactly suits my present decision except the little less down payment.
Sir, plz make a video on how real estate has performed in times of recession. As the recession is at doorstep. Also, plz discuss about smaller towns as well like ahmedabad, rajkot
Thanks Akahat for this vedio 🙏
Please make a video on when should we plan to buy a car...this video is supremely excellent
Hi Akshat, could you please do a similar video on property buying tips for NRI’s ?
Would love to see video on car as well.
Thanks Akshat!
What you have told it's very true, the formaulae I think varies a lot on location of the property. We have a flat, though it's not bought, but it's a small 1bhk apartment in South Kolkata 480sq ft. The rent of the apartment is 16000 per month as of now, since it's a fully furnished property. And the cost of the flat in that area is roughly 27-28lakhs only. Even if I substract 3months rent for maintenance, tax, brokerage earning would be (16,000*9) = Rs 1,44,000 so per year yield calculated would be 5.14%
I have did a SWOT analysis of buying a home decision and came up with beautiful conclusion.
Thanks for your comment, What'sap me with the number showing above for more profitable investment plan.
1. House price 40, max price
Awesome content.
Hi Akshat, thanks video is very informative, is buying farmland a worth investment
I am planning on buying house and this video was very helpful, looks like I got some of the calculation correct, I need to work on some other stuff, please do make a video on buying a car, would be great to have that knowledge in the back of my mind.
Hello, I'm real estate broker may I help you?
Could you make a video on how to decide whether to buy an apartment or individual villa, which one would be a better option?
Very True
Finance is Complex
will the price of the property which is near to redevelopment or 60 yrs old will go up ? Would you like to make video on concept of redevelopment of C.H.S ?
Scared to send this video to my friend who just bought a house, violating ever single concept you mentioned.
Informative and good video, would love to watch one on buying a car.
Thanks for the advise
Car? Yes surely.. Buying froma common men perspective but after You get ur brezza...😉👍
Am jagdish and wud like to add one important view point and that is the liquidity of real estate investment is very low meaning thereby that when and if u want to sell it u never can
Thanks for the insightful video… pl post a video on air bnb in india
When akshats kid ask for something,
Askhat first opens excel to see if it's profitable 🤣🤣
Well, Truth is that someone without any inheritance and without an amazing salary / income might never be able to buy a property. Simple as that.
Plz make a video on how to save TAX or how to plan for it
I wish i could do a 100 likes to ur each videos... But i cant😄 seriously, thats the level of ur content AKSHAT. pls keep it up... We need more real and practical content of urs.
@Akshat S ±①⑨⓪⑨④⑧⑥③⑦⑨② sure👍🏻
Video on purchasing a car please. Can't thank you enough for these insightful videos. :)
Please make a video on the finance side of buying cars. I bought 2 cars this year alone. Not sure about the third one.
Feedback appreciated..⬆️
Wanting more info and insight??
WatsApp the number above,
Endeavour to reach out.
Please make a video on whether to buy or rent a car.
Pls post Swing trade advice .. With buy and sell target
What is the real value of gold ?
Can you please make a video on how quickly to complete the education loan or if we pay just the emis will that be useful to us in the long term
Please make a video on car buying also
Awesome knowledge sir as always👍
pls make video on whether to buy a house or flat
Very good video sir 👍🏻
Hi Akshat , thanks for sharing valuable information..
Can you please suggest if investing in a property in bahrain would be wise since compared to india rental earnings are more..
Good advice given
Appreciate the feedback
What'sap the number above
For more interesting insight
And to build a good portfolio
Thank You Sir 😊
There are so many disputed properties in Goa, so going for a flat is better option.
Excellent video
First part of the video information is good . Second part is bit misleading.
You can find the architect who can do the construction rather than going to the builders .
Also based on the previous builder you can find who the quality of the work
So booking the house from the builders during the prelaunch who increase the profit margin rather than buying at the end
Let me correct you, the deposit for 1 crore house can be easily 2 lacs which will be 1500 per month. Let’s add that plus 10% rent appreciation next year plus property value appreciation which will total to be around 9-10%
The home emi and rent generally equals out in 5-6 yrs
Rachana Ranade said that property appreciation cagr is on an average 10% in last decade
Let's discuss the *AMZ44W* guys. This is failproof and barely any asset can be labelled "failproof" at all.
The administrative hassle that one has to go through while buying or selling properties is not worth even 20% appreciation year on year
Correct. Real Estate Investing isn't really investing. It is business. I define investing as low effort way of earning money from money. If you are putting effort then it's business.
Real Estate requires too much work. And avg growth is 7-8%. In the past few years it has been lower.
In Stock Market you can just invest in Mutual Fund and get 10%+ returns easily. But only if your horizon is 5+ years
In Bonds too you easily get 8% interest on Sovereign Central Govt Bonds (safer than FD)
The only attractive part about Real Estate is low interest rate on Home Loan and additional Tax deductions. Thus some people can consider it as a side business if they don't mind putting in the effort.
@@arpitkumar4525 If 20% appreciation happens then we should invest in real estate.
@@asmitnandi3432 20% happens. But average appreciation is 3-4% in Tier 1 cities. To find 20% appr. you need to find a seriously undervalued property or be lucky with airports, malls and cities getting built and flourishing around your city. Basically it's a gamble
Ridiculous data, which 1Cr worth apartment is available to rent out for 20-25k INR per month in DEL, BOM ?
Rents have skyrocketed in the recent past.
Cool insights
FEEDBACK APPRECIATED ⬆️⬆️⬆️
Please do make & upload video on whether one should buy a car or not