This guy talks as if his company is very technologically advanced. It is all marketing. In reality the ASBL projects lack basic things like good quality construction materials, good handover process. Basic facilities like CCTV are missing in the projects. They have water leakages in brand new buildings. There are cracks all over their projects but they refuse to acknowledge and fix. Also delayed handovers First and foremost is good quality houses and at affordable rates. All the marketing things like technology are secondary. Please don't fall prey to these hyped up talks by builders
ASBL unable sell there 400 units project. Nothing new in his venture. Most of the booking in the project are booked by there own agents/brokers. Now they are unable to find end user and exit it
Asbl spetra,40 story.we have gone through project details. There is no difference in the plans of units and details what we used get 10 years back. They are just ordinary... Its more if marketing gimmick rather giving real make over is high rise apartment ss
Its all rebranding..it used to be called Ashoka builders..they have been there for a long time..now they call themselves ASBL(AS from ashoka and BL for builders)..
Good interview. But one pushback - Real estate is not tax-disadvantaged. It is tax advantaged in the sense that you have a 2 y period to purchase another one for minimum tax hit. You have to keep the money in a special account or special bond, that is a little strenuous. But there's no such possibility to escape taxation in equity.
Don't waste your time in this video I wasted mine go to 57:50 if you can afford 2.5 crore apartment then watch this episode, People buying apartments for that price don't sit Infront of youtube and watch this episode
12:00 He says same as cities in Netherlands. India is not able to copy let alone create something innovative from scratch 25:00 municipality requests and approvals need to be digitized. 32:00 Real estate ownership details should be visible online. Hopefully it can be seen in digilocker or something in near future. 35:00 Gen-z etc will only buy house for having a roof over their head i.e own house. They will not buy house for investment. They would rather put investment money in Stock market, Mutual funds, etc. Why? Because real estate is shady. Any goon ca occupy your house, issues of double registrations, court cases being dragged for decades etc. 43:00 Digitization of real estate is necessary. May be allowing REITs in residential real estate is good.
Another harsh reality of reality is they only show common areas as USP of project.. No on talks about the practtical usages of the units.. They failed in basics planning only
lol..he is doing some verbal gymnastics to promise 18% returns,. No ones gonna make those returns in RE in India unless you are dealing in some micro markets of Mumbai or Delhi..if you bought a 2 crore apartment, to get 18% returns after 4 years,you need to dump it at 4 crores. Why would someone buy a used apartment from your when he can get a similar deal on a new apartment ?. In the end you sell cheap on desperation and pay taxes and other RE expenses on top of that. So factoring inflation you run a net loss…don’t fall for all these gyan and PR from RE builders…buy an apartment to stay in. At cost you can afford..and at a location which suits you. Preferably a finished one.
Let me explain in one comment for 3% to 5 % year on year growth rate in property rate we are paying 7% to 10% on interest rate .. In simple words on 100 rs you are gaining 3 to 5 rs and you are paying 7 to 10 rs every year.
Many reputed builders and developers often overlook the fundamental principles of apartment design. Despite labeling their projects as "premium," the bedroom sizes are frequently constrained to 10x10 or 10x12 feet, making it challenging to fit features like an island bed. Moreover, the living and dining areas are often too small to accommodate a dining table or sofa, and poorly placed doors, balconies, and entrances disrupt these essential spaces. A major issue stems from the fact that marketing teams, who are heavily incentivized, often influence design decisions. In some cases, builders hire foreign architects primarily for marketing purposes, who may not fully understand the local region and cultural context. A notable example of this flawed approach is Tata Promenade in Bangalore. In contrast, Cardinal One in Bangalore exemplifies a well-thought-out apartment layout, showcasing thoughtful and practical design. If you're seeking a benchmark for an ideal apartment layout, Cardinal One is highly recommended.
There has been a drastic decline in apartment sales (36% drop qoq) in Hyderabad due to constant steep price increases by the greedy builders. ASBL is one such builders. I keep hearing their ads on FM radio all the time. Now they are doing another PR stunt to boost their sales. PR tricks like these only further demonstrate the desperation of the builders.
Real estate how it works and bow it profitable no one can explains well... Its all bubble. Not all are crooks , u guys didn't mention the official who loot builders..
Wonderful insights of the industry and improved life quality, expectations. I believe he should become part of larger policy makers at national and international levels.
Untill we give opportunities and ask them design... People habe great ideas.. All u need to have a patience abd great will to build.. Most of builders are fancy about whote architecture from abroad... Even still they are not born and bought here. But they will end designed here
He talks so much but ground reality will be not so considerate from buyer's standpoint & moreover, for demography like Hyderabad - India, the flat prices are just exorbitant.
If u r from UP, U should opt for Noida even when U can afford buying property in Gurgaon, Bangalore, Pune Mumbai Chandigarh etc. Because these states have rampant, in ur face Racism against people from UP Bihar. Jaat and Punjabis have superiority complex and look down on people from UP, ditto for south indians and Marathi maanush. Buy where u can let ur future generation live in peace with dignity. Avoid all other states, Noida and Lucknow are the easily the best options. For Job Noida and for business Lucknow should be ur base. I hope this gives you perspective. ❤
Being smart and nice PR to attract millennial audiences by appearing in all fin TH-cam channels. He is tryin to attract north investors as local population is not able to afford. Reality is people also smart now to identify these tactics.
100 rupees home , inflation 6% for 4 years = 26% compoundend at end of 4 years , home price appreciate at 8% lets say which is 136 my equity 20 and loan of 80@ 9% interest rate for 4 years is 112, my loan after 4 years becomes 112+20(equity)=132 so very hardly u made 4rs on your 20 rupees if your house has really been appreciated at 8% and you can easily make money on your 20 rupees by putting it into fd which gives 7% interest rate which makes higher amount than you invest in these assets with that much risks , his calculations are totally wrong
For underconstruction property, it's PRE EMI option, you only pay interest till handover. And you pay it only for the disbursed amount in stages. So this works out as he said.
You.are doing super Marketing Man But remember, When u want to sell something, to be successfull, you should know affordability of majorigy people, Paying lacks and crores for Hyd Flats is simply foolish thing. The Highrise madness fading away slowly So good luck to you😂
Commercial establishments couldn't recover? Have you heard of elderly people being evicted by industrial enforcers? they arent so lonely that they give up their land to you.
good ideas but full implementation across the country is almost impossible in our lifetimes... such is the level of corruption and inertia in this sector....
You have to correct your mathematics, which bank will give housing loan with 10% for 4 Years. With the inflation of 28% in 4 Years, the bank minimum interest rate is about 8% per year which translate into 32% in 4 years.
Good roads? Now we have roads??? Every year in Mumbai they break footpaths, versova beach for example, the water is dirty,, garbage is every where , go to versova village,you can see filth near the beach I can show you photos of this, BMC is aware or turns a blind eye dont know, a house should be accessible and a benefit not over priced like in mumbai , over priced and beaches are filthy? What exactly are we paying for? The day the roads are not damaged the whole year around and garbage is taken care off ill at least aaccept that some change is there.
he should build 2 bhks instead of luxury 3bhks, 4bhks are do these non sense PR videos every where to make people buy his expensive apartments. hyderabad real estate slowed down like a snail.
I think in religion gathering should be avoided, as a real estate developer everyhouse shall have a place of worship where people have focus on worship rather than assembling at one place where more than a worship it is become a place of gossip and it is lead toward different directions and the corrupt politicians always takes advantage of religious practices and make the country toxic rather than building unity and sustainability.
Your theory and calculation is wrong. 6% if inflation that gives 28% gain for 4 years, but you say that we owe bank only Rs10 as interest for 4 years. What calculation is this? Fooling people?
He says pay 20 , 80 will be paid by bank and 6% inflation for 4 years 100 rs house will become 128. so if we consider 8% home loan interest rate than you will have to pay 80 rs + 24 rs interest to bank so 104 to bank and 4 rs profit on 20 rs investment on span of 4 yrs is not even 5% return. Again house rates does not increase by 6% in 4 yrs .. I own a house and its been 8 yrs its price has not increased even by rupees one. Also later he say home prices going forward for 3, 4 yrs it is going to stay intact. He is bullshit.
He's on every indian fin channel on you tube .
Nice PR
Correct.
Because people are not buying now a days 😂
This guy talks as if his company is very technologically advanced. It is all marketing.
In reality the ASBL projects lack basic things like good quality construction materials, good handover process. Basic facilities like CCTV are missing in the projects. They have water leakages in brand new buildings. There are cracks all over their projects but they refuse to acknowledge and fix. Also delayed handovers
First and foremost is good quality houses and at affordable rates. All the marketing things like technology are secondary. Please don't fall prey to these hyped up talks by builders
ASBL unable sell there 400 units project. Nothing new in his venture. Most of the booking in the project are booked by there own agents/brokers. Now they are unable to find end user and exit it
Exactly.. their flat prices are so high that there's no base line to start negotiation.
I was almost sold by the end of the video untill I read the comments 😄
Asbl spetra,40 story.we have gone through project details.
There is no difference in the plans of units and details what we used get 10 years back. They are just ordinary... Its more if marketing gimmick rather giving real make over is high rise apartment ss
Its all rebranding..it used to be called Ashoka builders..they have been there for a long time..now they call themselves ASBL(AS from ashoka and BL for builders)..
Why not give a disclaimer that he is a builder.
If even a few builders could have this much knowledge to speak so deeply on these topics, without hindering, it will be great.
Knowledgeable builder I can say😊
Extremely expensive real estate in India. Use of black money, builder lobby control over prices.
Most political funding comes from real estate
Consuming daily same breakfast at home increase 50% of Millennial divorce rates 😂😂😂
Good interview. But one pushback - Real estate is not tax-disadvantaged. It is tax advantaged in the sense that you have a 2 y period to purchase another one for minimum tax hit. You have to keep the money in a special account or special bond, that is a little strenuous. But there's no such possibility to escape taxation in equity.
He has 80% unsold inventory ...he is frustrated 😁🤣
True
Don't waste your time in this video I wasted mine go to 57:50 if you can afford 2.5 crore apartment then watch this episode, People buying apartments for that price don't sit Infront of youtube and watch this episode
😂😂
12:00 He says same as cities in Netherlands. India is not able to copy let alone create something innovative from scratch
25:00 municipality requests and approvals need to be digitized.
32:00 Real estate ownership details should be visible online. Hopefully it can be seen in digilocker or something in near future.
35:00 Gen-z etc will only buy house for having a roof over their head i.e own house. They will not buy house for investment. They would rather put investment money in Stock market, Mutual funds, etc. Why? Because real estate is shady. Any goon ca occupy your house, issues of double registrations, court cases being dragged for decades etc.
43:00 Digitization of real estate is necessary. May be allowing REITs in residential real estate is good.
Another harsh reality of reality is they only show common areas as USP of project.. No on talks about the practtical usages of the units.. They failed in basics planning only
True. In Netherlands every apartment has a dedicated store room in the ground floor.
@@firstpostcommenter8078 ASBL and other builders should include this store room in case the owner wishes to store things and to rent the flat out.
lol..he is doing some verbal gymnastics to promise 18% returns,. No ones gonna make those returns in RE in India unless you are dealing in some micro markets of Mumbai or Delhi..if you bought a 2 crore apartment, to get 18% returns after 4 years,you need to dump it at 4 crores. Why would someone buy a used apartment from your when he can get a similar deal on a new apartment ?. In the end you sell cheap on desperation and pay taxes and other RE expenses on top of that. So factoring inflation you run a net loss…don’t fall for all these gyan and PR from RE builders…buy an apartment to stay in. At cost you can afford..and at a location which suits you. Preferably a finished one.
Wrong explain of paid interest to bank 10% interest amout , you have to give almost 50%binterest for 20 year
Great story, Ajitesh is OG for modern RE in India!
Let me explain in one comment for 3% to 5 % year on year growth rate in property rate we are paying 7% to 10% on interest rate .. In simple words on 100 rs you are gaining 3 to 5 rs and you are paying 7 to 10 rs every year.
Yes but property rate is compounding so in few years that 3% will be greater than 7% of interest.
Many reputed builders and developers often overlook the fundamental principles of apartment design. Despite labeling their projects as "premium," the bedroom sizes are frequently constrained to 10x10 or 10x12 feet, making it challenging to fit features like an island bed. Moreover, the living and dining areas are often too small to accommodate a dining table or sofa, and poorly placed doors, balconies, and entrances disrupt these essential spaces.
A major issue stems from the fact that marketing teams, who are heavily incentivized, often influence design decisions. In some cases, builders hire foreign architects primarily for marketing purposes, who may not fully understand the local region and cultural context. A notable example of this flawed approach is Tata Promenade in Bangalore.
In contrast, Cardinal One in Bangalore exemplifies a well-thought-out apartment layout, showcasing thoughtful and practical design. If you're seeking a benchmark for an ideal apartment layout, Cardinal One is highly recommended.
There has been a drastic decline in apartment sales (36% drop qoq) in Hyderabad due to constant steep price increases by the greedy builders. ASBL is one such builders. I keep hearing their ads on FM radio all the time. Now they are doing another PR stunt to boost their sales. PR tricks like these only further demonstrate the desperation of the builders.
Good ideas and future ideas.. Much needed in construction industry
If market crashes i am 100% certain this guy will be the first to go bankrupt
Real estate how it works and bow it profitable no one can explains well... Its all bubble. Not all are crooks , u guys didn't mention the official who loot builders..
We can biy the bouse online too.
All we. Need trust and system believe
Wonderful insights of the industry and improved life quality, expectations. I believe he should become part of larger policy makers at national and international levels.
Untill we give opportunities and ask them design... People habe great ideas.. All u need to have a patience abd great will to build.. Most of builders are fancy about whote architecture from abroad... Even still they are not born and bought here. But they will end designed here
He talks so much but ground reality will be not so considerate from buyer's standpoint & moreover, for demography like Hyderabad - India, the flat prices are just exorbitant.
there is so much of land availability in hyderabad and people still want to buy at such high prices
@@nagakranthi problem is access to amenities, transportation, schools & important thing is nearer to office.
Very nice conversation exploring our culture and market.
Amazing! Thank you bringing in this wizard.
If u r from UP, U should opt for Noida even when U can afford buying property in Gurgaon, Bangalore, Pune Mumbai Chandigarh etc. Because these states have rampant, in ur face Racism against people from UP Bihar. Jaat and Punjabis have superiority complex and look down on people from UP, ditto for south indians and Marathi maanush. Buy where u can let ur future generation live in peace with dignity. Avoid all other states, Noida and Lucknow are the easily the best options. For Job Noida and for business Lucknow should be ur base.
I hope this gives you perspective. ❤
इसका डाउनलोड ऑप्शन क्यों डिसेबल्ड है ....इस वीडियो को मैं dekh hi नहीं पा रहा हूं, क्योंकि मैं डाउनलोडेड वीडियो ही देखता हूं😮
In the murky business of real-estate,banks,builders and Govt is earning and house buyers are at the receiving end😮
45:19 Jaypee, Amrapali, Ajnara, ATS, Supertech, Lodha, NBCC *known players* 😂
Being smart and nice PR to attract millennial audiences by appearing in all fin TH-cam channels. He is tryin to attract north investors as local population is not able to afford. Reality is people also smart now to identify these tactics.
100 rupees home , inflation 6% for 4 years = 26% compoundend at end of 4 years , home price appreciate at 8% lets say which is 136 my equity 20 and loan of 80@ 9% interest rate for 4 years is 112, my loan after 4 years becomes 112+20(equity)=132 so very hardly u made 4rs on your 20 rupees if your house has really been appreciated at 8% and you can easily make money on your 20 rupees by putting it into fd which gives 7% interest rate which makes higher amount than you invest in these assets with that much risks , his calculations are totally wrong
For underconstruction property, it's PRE EMI option, you only pay interest till handover. And you pay it only for the disbursed amount in stages.
So this works out as he said.
I'm following Ajitesh sir everywhere
easy to start with hyd, bangalore and the likes...
You.are doing super Marketing Man
But remember, When u want to sell something, to be successfull, you should know affordability of majorigy people,
Paying lacks and crores for Hyd Flats is simply foolish thing.
The Highrise madness fading away slowly
So good luck to you😂
Commercial establishments couldn't recover? Have you heard of elderly people being evicted by industrial enforcers? they arent so lonely that they give up their land to you.
Interviewer is beating around the bush
good ideas but full implementation across the country is almost impossible in our lifetimes... such is the level of corruption and inertia in this sector....
Also, Your Story is nowadays doing advertisements for criminals
You have to correct your mathematics, which bank will give housing loan with 10% for 4 Years. With the inflation of 28% in 4 Years, the bank minimum interest rate is about 8% per year which translate into 32% in 4 years.
I lost confidence in the video when the interviewer said "now we have very good roads..."
Good roads? Now we have roads??? Every year in Mumbai they break footpaths, versova beach for example, the water is dirty,, garbage is every where , go to versova village,you can see filth near the beach I can show you photos of this, BMC is aware or turns a blind eye dont know, a house should be accessible and a benefit not over priced like in mumbai , over priced and beaches are filthy? What exactly are we paying for? The day the roads are not damaged the whole year around and garbage is taken care off ill at least aaccept that some change is there.
Super episode.
Can someone clarify what is that crush mean, which he mentions every time.
Creche- area for young kids to play
he should build 2 bhks instead of luxury 3bhks, 4bhks are do these non sense PR videos every where to make people buy his expensive apartments. hyderabad real estate slowed down like a snail.
There is no pedestrian thing in India.
Jail for builder... When it happened... All are free
U build 12x flats in same area and sell at exorbitant prices, this is the most cheating
I think in religion gathering should be avoided, as a real estate developer everyhouse shall have a place of worship where people have focus on worship rather than assembling at one place where more than a worship it is become a place of gossip and it is lead toward different directions and the corrupt politicians always takes advantage of religious practices and make the country toxic rather than building unity and sustainability.
loved it
Your theory and calculation is wrong. 6% if inflation that gives 28% gain for 4 years, but you say that we owe bank only Rs10 as interest for 4 years. What calculation is this? Fooling people?
Mam big fan 😊😊
His calculations are flawed, he talking that part in 2x speed intentionally
He says pay 20 , 80 will be paid by bank and 6% inflation for 4 years 100 rs house will become 128. so if we consider 8% home loan interest rate than you will have to pay 80 rs + 24 rs interest to bank so 104 to bank and 4 rs profit on 20 rs investment on span of 4 yrs is not even 5% return. Again house rates does not increase by 6% in 4 yrs .. I own a house and its been 8 yrs its price has not increased even by rupees one. Also later he say home prices going forward for 3, 4 yrs it is going to stay intact. He is bullshit.
He is misleading. On ground still builder, politician and Criminals have nexus
I find the interviewer a little annoying with her obvious comments
Asbl is worst real estate company and it's cost is very high comapr3d to it peers..waste of money with cheap quality construction
Labourers Labourers , kya paka raha hain
Technology and data driven construction/real estate company??? I don't know him, but I am sure he is Yek number ka chor....
he is lying this software already existed before way before its a copied concept like Indian always do