These are all necessary changes. Builders are already deep pocketed and making tons of money. Still their greed is leading to such malpractices. End users are suffering because of this. RERA needs to enforce all of these points. One more point you should add: If someone has to cancel their booking, there should be clauses of refund with certain deductions. Maharashtra RERA has already implemented this. Builders confiscating everything paid by the customer is just pure evil. This is the most important point that RERA needs to implement. Awesome job Mr. Ashish 👍
Sir plz don't quit making such video.......i knew u from TH-cam as i have saw u on TH-cam in 2019 n i have regularly watched ur video from the past 1 months...... plz be regular with this sir
Very clear and relevant line of thought👍 Totally agree with all points - one price ,( which includes edc, IDC, PLC, car park etc etc) Payment plans also make you feel cheated...why should a builder sit with 30% of flat cost ( almost over 1cr)... Interest free for 7 years!! Loading factor also has to be reduced...it is cheating...buying a flat 2400sq ft...and getting 1450sq feet!! Spot on - on maintenance Also *construction time MUST be reduced* ...somehow to say 4 years or so ...7 years is too long a wait!!! IFMS point was too good... EOI is plain and simple UNACCEPTABLE... On Transfer Charge : keeping first transfer free encourages "investor in the project" behaviour...too many investors in projects - is what is killing real estate...END USER behavior must be promoted...there should be a generous benefit(20 lacs plus)...if end user books and stays till possession of project!
All points are valid Ashishji. Gurgaon real estate market is grey market, unlike very transparent Mumbai market ; that is the main reason I am not able to buy anything in Gurgaon; they have to learn a lot from Mumbai's reputed builders. Gurgaon real estate market need to become very transparent; crystal clear like mumbai. Rates must be same, whether you buy from a, b, c .... or directly from the builder cost must be same. I have experienced this with mumbai builders, whether you buy from Dubai, London, New York, Singapore or anywhere in India, rates & total cost must be same. I suggest all the bookings must be done by the builder. It is a win-win situation for all builder & buyers or agent.
This is eye openings master piece video it's really great time to bring transparency and take accountability of theirs respective projects it's definitely a win win situation if we practice this level of standard to boost the real estate estate industry. Thanks for u Ashish Bhai to bring up this video to public domain eye opener for everyone 😊 u prove u r the best in this arena again, salute and warm wishes 🙏 to u coz u deserve this , u won't to say u are so called no.1 😂 i hope u got that , coz your content speaks itself. Thanks for this informative video.
Sir, excellent suggestions to bring about transparency and true asset value in the sector. Those builders who erred in the past can also make amendments to their own contracts with old customers in projects that are now completed and running. Example a) transparency in managing the IFSD collected. b) Deducting the terrace area from ongoing maintenance charges. Presently they continue common monthly maintenance charges on a per sq foot basis that includes terrace at par with covered area, thereby compounding the problem in perpetuity for buyers. Eg is Silverglades
Really good points Mr.Ashish Gut ji, Really appriciate your efforts, I wish i see these changes. I faced most of the issues you mentioned, EMAAR is one the builder where I faced issue on multiple places. like : Hidden PLC cost, Unrealstic interest on delayed payment, even it was delayed becuase of their system, Just for name addition charged fee equal to whole transfer 10L, can you imagine?
Namaskar ji very truly explained sir RERA must see all these things must be transparency , it’s problem of all end users Pl take necessary steps Subhash gurugram
home buyer is unsecured creditor. taking funds from buyer and also raising funds on mortgage of land, tower, development right, lift, tiles etc so many funds are raised better way: 2 way registry (land cost pay and registry + 2nd registry on tower) thats mean builder raise mortgage debt or take funds from buyer not both
All points are so valid and relevant. It's great to see that there are very few folks like you who are talking in general of real estate upliftment in India, instead of selling left right and centre. My full support to you. Thanks for bringing this up
Maine pre launch me ghaziabad me 5 flat book kiye the Aaj se 2 mahine pehle ,Jab builder ke paas jyaada cheque a gaye to usne investor ko bola ki exit 2 saal baad hoga aur 50 percent amount ke baad exit hoga uske baad 1000 Rs per sq ft extra charge thok diye .Saare investor ab interest nahi le rahe
Sir good afternoon एक builder (pareena builder ) से मैने एक flat खरीदा ।एक lump sum amount fix हुआ लेकिन जब possession के time आया तो लगभग 3.25lacs Rs extra charde कर रहा है ओर क्योंकि मैने possession लेनी थी तो मुझे वो देना पडा।और मुझे अभी possession letter की offer तो आप गई है।लेकिन possession मिला नही है।Builder ने 100 तरह के if and but लगा दिए। ओर builder के employee का व्यवहार तो इतना गन्दा रहता है कि जैसे हम उनके गुलाम है
Lowest Price, best Location, Best size Best Location, Lowest Price. 82% carpet area Ambience Laggon apartament behind Ambiance Mall has started a A to Z renovation Infra project of 10,00,00,000/-. The apartments are located at the best location in Gurgaon. 0 km from Delhi and Cyber Hub. Next to Leela hotel, DLF Down town and upcoming Asia’s biggest mall by DLF. Prices have not increased in these apartments. Expected price increase by over 🚀50% in next 12 months. What do you think plz tell… Carpet Area is 82% of Super Area. While in new projects Carpet area is 45-55% of Super Area. 🚀
This is top of my favorite real estate channel who always comes with a bang. Love to see your attitude Gutt sir.. Just bring back your hairs else brokers will name you “Shaakaal” of Gurgaon Real Estate 😂😂😂😂😂
Expected price increase by over 🚀50% in next 12 months. Best Location, Lowest Price. 82% carpet area Ambience Laggon apartament behind Ambiance Mall has started a A to Z renovation Infra project of 10,00,00,000/-. The apartments are located at the best location in Gurgaon. 0 km from Delhi and Cyber Hub. Next to Leela hotel, DLF Down town and upcoming Asia’s biggest mall by DLF. Prices have not increased in these apartments. Expected price increase by over 🚀50% in next 12 months. What do you think plz tell… Carpet Area is 82% of Super Area. While in new projects Carpet area is 45-55% of Super Area. 🚀
Builders try to squeeze maximum funds from the customer within first 12-18 months even though the possession may be 5-6 years away! Not a customer centric approach and prevents many to make commitment because of the uncertainty and liquidity factors
The concept of EOI without price disclosure is opaque; by virtue, it is illegal. It should be banned, even though we are thinking of filing a PIL against it.
Maintenance is on a much higher area and the flats carpet areas are shrinking; builders seem to believe customers are fools and will agree for pigeon holes just because there is a pool and club in the project
Maine pre launch me ghaziabad me 5 flat book kiye the Aaj se 2 mahine pehle ,Jab builder ke paas jyaada cheque a gaye to usne investor ko bola ki exit 2 saal baad hoga aur 50 percent amount ke baad exit hoga uske baad 1000 Rs per sq ft extra charge thok diye .Saare investor ab interest nahi le rahe
![อยู่คนเดียวกับเขา - ส้ม มารี (Zom Marie) [Official MV]](http://i.ytimg.com/vi/gq1cWAIQDLg/mqdefault.jpg)
These are all necessary changes. Builders are already deep pocketed and making tons of money. Still their greed is leading to such malpractices. End users are suffering because of this. RERA needs to enforce all of these points. One more point you should add:
If someone has to cancel their booking, there should be clauses of refund with certain deductions. Maharashtra RERA has already implemented this. Builders confiscating everything paid by the customer is just pure evil. This is the most important point that RERA needs to implement.
Awesome job Mr. Ashish 👍
Sir plz don't quit making such video.......i knew u from TH-cam as i have saw u on TH-cam in 2019 n i have regularly watched ur video from the past 1 months...... plz be regular with this sir
Very clear and relevant line of thought👍
Totally agree with all points - one price ,( which includes edc, IDC, PLC, car park etc etc)
Payment plans also make you feel cheated...why should a builder sit with 30% of flat cost ( almost over 1cr)... Interest free for 7 years!!
Loading factor also has to be reduced...it is cheating...buying a flat 2400sq ft...and getting 1450sq feet!!
Spot on - on maintenance
Also *construction time MUST be reduced* ...somehow to say 4 years or so ...7 years is too long a wait!!!
IFMS point was too good...
EOI is plain and simple UNACCEPTABLE...
On Transfer Charge : keeping first transfer free encourages "investor in the project" behaviour...too many investors in projects - is what is killing real estate...END USER behavior must be promoted...there should be a generous benefit(20 lacs plus)...if end user books and stays till possession of project!
All points are valid Ashishji.
Gurgaon real estate market is grey market, unlike very transparent Mumbai market ; that is the main reason I am not able to buy anything in Gurgaon; they have to learn a lot from Mumbai's reputed builders. Gurgaon real estate market need to become very transparent; crystal clear like mumbai. Rates must be same, whether you buy from a, b, c .... or directly from the builder cost must be same. I have experienced this with mumbai builders, whether you buy from Dubai, London, New York, Singapore or anywhere in India, rates & total cost must be same. I suggest all the bookings must be done by the builder. It is a win-win situation for all builder & buyers or agent.
Informative video.. pls keep these kind of videos coming!
very nice sir really appreciate you ...... 👏
Very useful tips
This is eye openings master piece video it's really great time to bring transparency and take accountability of theirs respective projects it's definitely a win win situation if we practice this level of standard to boost the real estate estate industry. Thanks for u Ashish Bhai to bring up this video to public domain eye opener for everyone 😊 u prove u r the best in this arena again, salute and warm wishes 🙏 to u coz u deserve this , u won't to say u are so called no.1 😂 i hope u got that , coz your content speaks itself. Thanks for this informative video.
I believe most of the points in this video are being followed already in Bangalore real estate.
very true . it will only improve reputation of builder
Sir, excellent suggestions to bring about transparency and true asset value in the sector. Those builders who erred in the past can also make amendments to their own contracts with old customers in projects that are now completed and running. Example a) transparency in managing the IFSD collected. b) Deducting the terrace area from ongoing maintenance charges. Presently they continue common monthly maintenance charges on a per sq foot basis that includes terrace at par with covered area, thereby compounding the problem in perpetuity for buyers. Eg is Silverglades
Excellent Video
Yes very true
Very good point 😢
Nice suggestions
Worthy video👍👍
Amazing video !
Excellent video bhai ji
Good video,keep it up
Really good points Mr.Ashish Gut ji, Really appriciate your efforts, I wish i see these changes. I faced most of the issues you mentioned, EMAAR is one the builder where I faced issue on multiple places. like : Hidden PLC cost, Unrealstic interest on delayed payment, even it was delayed becuase of their system, Just for name addition charged fee equal to whole transfer 10L, can you imagine?
Good content 🎉
Namaskar ji very truly explained sir RERA must see all these things must be transparency , it’s problem of all end users Pl take necessary steps Subhash gurugram
💯Like
Most relevant video seen ever in real estate space.
You have hit the nail right on its head. Keep it up, Dear.
home buyer is unsecured creditor. taking funds from buyer and also raising funds on mortgage of land, tower, development right, lift, tiles etc
so many funds are raised
better way:
2 way registry (land cost pay and registry + 2nd registry on tower)
thats mean builder raise mortgage debt or take funds from buyer
not both
Super se uper❤
All points are so valid and relevant. It's great to see that there are very few folks like you who are talking in general of real estate upliftment in India, instead of selling left right and centre. My full support to you. Thanks for bringing this up
Very informative video.
All the suggestions if implemented will improve builder buyer trust.
Very good video..keep it up
Very very good points raised by you 👏👏👏👏👏
Process of EOI can be done away.Applications for allotment may be called and flats allotment by draw of lots under supervision of RERA.
Totally agree
Further to above transfer should be allowed only after 60% payment has been completed .
Good suggestions and DLF applying box price concept. This creates full transparency
Maine pre launch me ghaziabad me 5 flat book kiye the Aaj se 2 mahine pehle ,Jab builder ke paas jyaada cheque a gaye to usne investor ko bola ki exit 2 saal baad hoga aur 50 percent amount ke baad exit hoga uske baad 1000 Rs per sq ft extra charge thok diye .Saare investor ab interest nahi le rahe
Excellent video...I booked a flat in sec 83.. They were very clear.. everything was explained to me during EOI ..Let us see next...I am talking of ss
Sir good afternoon एक builder (pareena builder ) से मैने एक flat खरीदा ।एक lump sum amount fix हुआ लेकिन जब possession के time आया तो लगभग 3.25lacs Rs extra charde कर रहा है ओर क्योंकि मैने possession लेनी थी तो मुझे वो देना पडा।और मुझे अभी possession letter की offer तो आप गई है।लेकिन possession मिला नही है।Builder ने 100 तरह के if and but लगा दिए। ओर builder के employee का व्यवहार तो इतना गन्दा रहता है कि जैसे हम उनके गुलाम है
Lowest Price, best Location, Best size
Best Location, Lowest Price. 82% carpet area
Ambience Laggon apartament behind Ambiance Mall has started a A to Z renovation Infra project of 10,00,00,000/-. The apartments are located at the best location in Gurgaon. 0 km from Delhi and Cyber Hub. Next to Leela hotel, DLF Down town and upcoming Asia’s biggest mall by DLF. Prices have not increased in these apartments. Expected price increase by over 🚀50% in next 12 months. What do you think plz tell… Carpet Area is 82% of Super Area. While in new projects Carpet area is 45-55% of Super Area. 🚀
excellent guidance 👍
This is top of my favorite real estate channel who always comes with a bang. Love to see your attitude Gutt sir.. Just bring back your hairs else brokers will name you “Shaakaal” of Gurgaon Real Estate 😂😂😂😂😂
Club charge?
TPR ?
Sir please make videos,
This video is very nice and knowledge able 🎉🎉🙏
Very reasonable suggestions
I disagree with point 11. Rest all are legit points
Expected price increase by over 🚀50% in next 12 months.
Best Location, Lowest Price. 82% carpet area
Ambience Laggon apartament behind Ambiance Mall has started a A to Z renovation Infra project of 10,00,00,000/-. The apartments are located at the best location in Gurgaon. 0 km from Delhi and Cyber Hub. Next to Leela hotel, DLF Down town and upcoming Asia’s biggest mall by DLF. Prices have not increased in these apartments. Expected price increase by over 🚀50% in next 12 months. What do you think plz tell… Carpet Area is 82% of Super Area. While in new projects Carpet area is 45-55% of Super Area. 🚀
Builders try to squeeze maximum funds from the customer within first 12-18 months even though the possession may be 5-6 years away! Not a customer centric approach and prevents many to make commitment because of the uncertainty and liquidity factors
Very nice video but one point I want to know who will be owner of basement of stilt +4 according to government
The concept of EOI without price disclosure is opaque; by virtue, it is illegal. It should be banned, even though we are thinking of filing a PIL against it.
Maintenance is on a much higher area and the flats carpet areas are shrinking; builders seem to believe customers are fools and will agree for pigeon holes just because there is a pool and club in the project
Video langhty है
मुझे पता है RERAमे जाने का कोई फायदा नही है
pehle aap eoi and 10% down payment ki fake sale dikhana band karo.
Maine pre launch me ghaziabad me 5 flat book kiye the Aaj se 2 mahine pehle ,Jab builder ke paas jyaada cheque a gaye to usne investor ko bola ki exit 2 saal baad hoga aur 50 percent amount ke baad exit hoga uske baad 1000 Rs per sq ft extra charge thok diye .Saare investor ab interest nahi le rahe