Real Estate Masterclass: link.lla.in/EnrollNow Use Code "RISHABH" for 40% Off ( Auto Applied on link above ) Know more: www.courses.lla.in/real-estate-masterclass Recording will be available to all registered participants
Pls much after the Masterclass is over like few months later. Can you upload the session in different videos on TH-cam. Will be helpful for lot of people who are not able to join now and learn. And is consistent with LLA's brand of providing high value to it's viewers
Hi sir , I want to join the class but the issue is on that day I have a family wedding to attend and will be out of town and I really doubt if I will be able to join. Is there a recorded video available which I could access so that I can see when I can . Kindly get back .
Sir to add - what you referred to is actually Market value . The fair value is value at which the land price is fixed by govt and the land can't be registered lower to that amount. One can find the resp fair values by going online and searching the Survey Numbers. The market value gives a more realistic time based rate. As after builder starts the project in that area the market prices of all nearby properties usually increase , the rate of change depends on the seller.
Bro, I will share my experience. Been to many different builders in Noida and Indirapuram area, same story everywhere. They tell you its 1350 Sqft Super area, when I ask Carpet area, they say at least 900 Sqft. I know what a 900 Sqft carpet area would be since I have been living in 465 Sqft Carpet area (measured with tape). There 900 is like 150 Sqft more than mine. Thats not it, when you will actually buy it, they will say if you register on actual area then you will have to pay extra registry fee, so better tell the authority that you have smaller area so pay smaller registry fee. Buyer in order to save some money, agree to it. And you must have guessed by now that, the actual area would be small but nobody measures with tape when customers go with broker (even when you want to measure like I wanted, you can't really do that because it will take significant amount of time which broker will not give you and if you do take their time and don't buy the flat, they will go haywire. So to prevent that situation you don't ask for measurement everytime. Another way is that they tell you the tiles are of 2x2 so count the tiles and you know the room size but those tiles are also cut sized.) and that's how the flats do get sold. I know some buyer as well. Huge SCAM.
Been searching for a flat to purchase for the past 6 months and the variation in prices was making me go crazy. This gives me some peace and a negotiation ground and a cross-quiz round for builders. Looking for flats gonna be fun now.
Content = 3 minutes. Ad = 5 minutes. Intro = 2 minutes. This is a big downgrade in quality. Sharing feedback as a long term subscriber. Edit: I already am a Premium user and I am not talking about the ads TH-cam shows. I am talking about the sponsership ads too.
This was quite simplistic. Land per square feet rate varies from individual plot to parcel acquired for group housing. It’s not that simple to find out land parcel cost. There are multiple govt charges, various approvals, EDC, IDC, stamp duty GST etc. there is interest during construction, marketing cost, SG&A as well. Cost of construction per square feet is also not appropriate- any basic semi luxury spec cost is atleast 2-2.5k/sqft. Also you can figure out cost of apartment just like you stated in your video. Best is to compare with existing resale market. New flat would be at 15-20% premium due to newer construction and amenities.
You have not considered the parking area and park that has been left without construction, but builders have to purchase the land area for that at the same cost. Plus approvals from government authorities for construction and many other things like playing area, gym, community hall that also has to be installed with many equipments. Bank intrest cost for the project development
It's all depends on the F.A.R value of land. How many sq ft can be construed on the plot size . Gyms , community hall etc are covered under super build up ( you are giving on the constructed property ) The drive way is not charged but the parking is charged if and only if there is shade provided, open air parking can't be charged legally. Bulider already considers the open common areas like garden , driveway etc when dividing the total exp to arrive cost per sq ft for him - as he has bought a plot and then divided so it will already be covered . Ie , cost of land + construction cost + legal costs + misc exp etc to derive at total cost and then he divides by no of flats / SBA to get cost per SBA .
Project start karne se phele, Land Purchase hone ke baad se Project Approval milne tak ka bhi jo expense hota he wo sab bhi Flat rate me Add ho jata he. i.e. NA Permission, Plot Validation, Fire Approval, Environmental Clearance, Architecture Design, Plan Approval from Authority..(under Table expense) etc.
@@ajrokks9521if you are from west bengal, you might know flat rates in Kolkata ar 2000-6000/sqft. Visit Mumbai buy a flat at 15,000- 1 lakh/sqft and then use your preconceived notions in your dreams.
#WATCHLLA because 1. Providing good care of content without taking wrong sponsorship. 2. EXCELLENT BACKEND TEAM 3. Works with videos that are needed to explain in detail and as an investor you need to know. 4. They have lost their own hard earned money in some things like crypto and other things so they have experienced what losing money is. 5. THEY DON'T FLEX THEIR MONEY AND INVESTMENT. SALUTE TO TEAM LLA AND Mandeep Sir and Rishabh Sir
1. Super built-up rate is half of carpet area rate ? Always? 2. Land cost will be divided by no. of flat owners and not floors. As each owner will have ownership of land as well, right ?
1. Super built-up area rate would always be more than the carpet area rate. i.e. 20% to 50% higher. 2. Since you are considering all the values in sq. ft. You can never have 2 owners in the same sq. ft. You can think about it like the sq. ft. land is divided between the number of floors.
If Flat owners do not complete the Flat Mutation process, do they still have equal rights on the portion of land as compared to the flat owners who have completed their flat mutation process ?
Hi LLA Team, I purchased the Real Estate Masterclass and as promised I received the recording but not the separate PPT. In session it was mentioned by Mandeep that the PPT will be shared with recording.
Sir jab startup se profit hota h us profit ko dobara se usi startup me invest kiya jata h or wo startup ka bootstrap model hota h Toh jab ham profit ko dobara invest karte h tab tax relaxation/ 0 tax ITR kaise kaise file hoti h.... Plz reply 🙏🏻 Ho sake toh iss topic par bhi video banaye....
Pls much after the Masterclass is over like few months later. Can you upload the session in different videos on TH-cam. Will be helpful for lot of people who are not able to join now and learn. And is consistent with LLA's brand of providing high value to it's viewers
This is not the right way to calculate. Ask for the UDS (undivided share). Multiply that with the land cost in the area. And then add (construction cost per sqft * super built up area). That will be the cost incurred by the developer. Also, 1200 is an impossible rate. Construction cost without interiors is 1600 at the basic level.
Mistakes to point out:- 1.Cost f construction is going 1600+ 2. Land ratio calculated by total cost of land divided (Total s.built up ÷land area factor)
My e-scooty had an accident before the registration, I had taken out the insurance earlier, now the insurance company is saying no for the claim, what should I do, please help.
I have a keen interest in real estate sector and I was looking for this topic that is how to calculate the fair market value of the flat in order to know whether builder is charging a fair amount or not and this video exactly explains that so thank you very much for this highly informative video
Question on real estate law - Who legally owns the rental security deposit after a property has been rented or leased? Who has the right to use those funds? Is the legal right transferred from leasee to leasor after payment has been done? Can security deposit be placed in escrow for large transactions?
Great Initiative by LLA!! Can we have this Real Estate Masterclass being held annually? Since there might be people who may not want to invest in the same immediately but are planning to so in a few years. The reason for this is every year the tax laws and other legal/financial aspects related to it keep changing, if not much a slight variation is observed. Given the complex nature of the real estate asset class, it would be great to have an updated playlist changing maybe only certain points which got amended from the previous year.
Sir please ek baat bta digiye abhi mai pan card mai 18 ka hua hu starting kese karu cibil ko bahut acha karne ke liye. Samaj mai nhi aa rha h kya karu Pay Later account make, ya fd pr credit card, Loan, ya aur kuch please sir give me your suggestions which is useful and helpful for me.... ❤❤❤
Sir this video needs some corrections 1st building cost never goes as low as 1200 sq/ft If fact by using 3rd quality construction materials too. 2nd builders also invest in common amenities. 3rd. ....
so on January 14th, 2024, I was allocated Room number 404 (double sharing with an attached toilet and bathroom) and paid the agreed-upon rent amount to the PG owner/director. On February 16th, 2024, I paid the rent for the ongoing month for the same room (404). However, on February 19th, the manager, Yogesh Thakur, asked me to relocate to another room (Room 201, single sharing with a common toilet and bathroom for the whole floor) against my will. The rent for this new arrangement is not justifiable to me. what should I do now, where should i file complaint against those scammers (This PG is located in Laxmi chowk, Hinjawadi Phase 1, Pune)
But Team LLA ..if you go Lil more wide in area in different states.. this formula is good but you won't find any fair value property, cause all builders in that area selling like black market stuff and govt is doing zero on these
SIR 🙏 Mere brother ko University ke ek exam m cheat krte hue pakda tha... Lekin no debarred no rustication... Next sem m usne exam clear kr liya tha... Or degree or final marksheet par khi mention nhi hai ufm ke regarding or provision certificate par bhi good character show h... Koi dikkat to nhi aayegi regarding govt job? In attestation form it was ask have you ever been debarred or rusticate by any university... What should be the solution 🙏
At time stamp 2:49 you are saying that super built area includes proportionate area of common areas like play areas, but then at timestamp 3:34 you are excluding play area from super built area. Please correct it to avoid confusion.
What usually happens is - when a builder buys the land the rate of land will be less and later on when he begins and puts a publicity - the rate of that area increases if its a reputed builder . Moreover more the reputation grater will br the % increase in price.
Sir We are looking to buy our first Household!! Which do you think will be better? A flat or a House? Or I should re-phrase it is there any problem with buying a Flat?
best thing find the areas where mostly flats are dealt in white amount an then go towards the local registrar and search for index 2, if the locatlity have a huge amount of flats sold in black then add back the average black amount you got the market rate
Hello LLA. I would like to request you to provide knowledge upon the issue of clash of residential and commercial properties in growing urbanisation. How businessmen are capturing residential places for their businesses and how can a normal resident of the surrounding can tackle it?
@LabourLawAdvisor. Pls make video on how a fund manager makes or decision is made on buying or selling a stock. For example now , market is 22K but in MF still fund manager know when to buy or wait. Very requested. Please🙏
Dear Sir I have suggested my friend scapia card but while applying he comes to know that his cibil score is 630. Later he told me that his SBI CREDIT card limit decreasing every quarter after checking we come to know that someone has used his pan card for Bajaj finserve card in 2020 and spend 50k and 70k. Now what should he do now?.
Video mentioned that live masterclass would be 3 hours long but the registration link says that it will be 1 hour long only. Can you please clarify the actual duration of the masterclass?
In calculation, land rate per floor is used but the total price per flat is calculated ? Why ? In 1 floor of there are 2 flats and in other floor there are 3 flats , then also the price per flat will be same ?
1. Most flats have same floor plan for each floor 2. I told it is an approximate method, of course you can build super complex models using the concept. But this will be ok in 95% cases
There's a flaw in your land calculation 10000 per sq ft is divided into 10 floors which is 1000/-per sq ft which is fine But what abt ground coverage which is generally 50% So fair value of land assuming 10 floors =2000/-per sqft
4:23 Rishabh sir in your video the masterclass duration is mentioned as 3 hrs but in actual link it is 60 mins. Please clarify what's going to be the actual duration.
Also please make a video on, we go to see any property (apartment), they say all are booked, only tower B available n that too lower floors... Just after 4th day of launch if the apartment. N launch was done on working day. We went to see on Sunday... 9 towers, (2 were 4BHK), not our cup of tea. So remaining 7 towers, all 3 BHK n 2 BHK (3 variants each) sold out... Except fingure count flats... Is it really this many are buying flats. N it's not the story of one flat... Every property same story...
The calculation is based on the assumption that there is one flat on each floor. But actually that's not the scenario is most cases. There is more than one flat in each floor. Each builder's whether local or branded keeps a 50%-100% IRR for their investment. It's the nature of the industry and risk return benefit for them. The calculation is shallow and is not effective for making a decision. Rather than real estate buying decision should be based on need & affordability. For investment there are other mechanism like Reits, Invits, stocks etc
Sir Kindly reply, I sold my house 10 years ago and the buyer had removed the meter and then sold it to someone else and he was still running without a meter. Now, the person who bought apply for the meter, in some way or in checking, checker found that the meter was installed earlier and his application was rejected. And now that person tell the checker that the meter was installed on my name, what should I do now? If the electricity department writes FIR against my name, what should I do?
Land cost agar dewide karenge sir ji to profit builder kese kamayega Interior charges Lighting engineer Municipality ka table niche ka charge plan pass ka Project loan hoti he.. Unka intrest 1 lac ka plot ko 10 logo me dewide kardo 10000 aapne gina to vo kamane aaya he seva karne to nahi, ase logic ground pe nahi bethti Or per sqft rate city to city vary karte he, or builder to bulder bhi
@LabourLawAdviser and @rishabh Will there be a recording link after the session. As I might not be able to attend the full zoom link. And really great initiative by LLA team. Kudos 🙌
LLA, i attended your webinar for Capital Gains Masterclass. I was promised a recording of that session, yet no update on that from your side. Can you please comment on this ?
Sir, what about other charges which builder has to pay like purchasing land then that lands registration charges like stamp duty and registration then paying realtor his commission then architect fees, RCC specialist fees, in Mumbai we have BMC so BMC fees from i.o.d,c.c to OC plus under table charges, local politicians charges, local area festivals charges plus interest rate of builder borrows money to buy land or to construct the building.... So if you add all this then profit margin is around 30% to 40% atleast in Mumbai this is the calculation.
Hello LLA, do you provide recordings of your masterclass to those who have registered for it? Just in case someone was not able to join the live session.
Hello sir apka video bhut help ful hai hum jaise k liy But sir Mujh ye janna h ki ky hum policy bazaar me invest kr skte h insurance or SIP actually mujh doubt h ki online is not safe plz clear me
@LabourLawAdvisor Hello, If me and my wife have purchased a flat (co owners) with initial down payment from my account only (however she has transferred partial amount from her account to mine). And we have availed a co - borrowed loan (whose emi is getting deducted only from my account). She transfers her share of emi on regular interval to my account. I have two queries - 1. Is this arrangement of payment okay with respect to the tax deductions and other tax compliance. 2. Since all payments to the builder is done from my account. Builder is paying the TDS amount on behalf only through my PAN/account. So till now all TDS is submitted through my account and none through my wife's. What should be done, is there any changes needed in this with respect to the taxation purpose. It is still under construction stage.
Hii Kya Amazon ki delivery service ke bare me jankari de sakte ho Box empty aaya tha or Amazon wale is par koi help karne se mana kar rahe hain. Bar bar complemt karne ke baad bhi koi madad nai mil r rehe hain
This will not work if each floor had different number of units. Better way is to go with UDS. Multiple UDS with land rate per sqft. And then add construction cost to it. 😊
Looking for guidance here : My wife is getting messages on her number. Where a person has taken a loan but updated incorrect number (may be). We don't know this person. Neither does the loan impact my wife in any way. It's not even visible in her credit report or anything. However, she is getting regular messages or calls asking for payback. How can we report it further? Please suggest.
I transferred a home loan from hdfc bank to other bank. But after various reminders bank has given me my documents after one month after festivals Durga Puja, diwali. His staff replied me that as documents kept in Kolkata so he documents come late. When I asked to given the late fine as per RBI guidelines. They asked that you didn't come with co loaner that's why it is was late. But it was false. Every time they informed me that documents didn't come. I complain in grievances cell then after some time it was replied that issue was resolved. But I didn't get any information what is done in this matter. I emailed but I didn't get any reply. Kindly help me and tell me what to do.
सर मैंने एक सिम कार्ड लिया है जो पहले किसी और के नाम पे था। लेकिन उस भाई ने कोई लोन लिया होगा और उसका कुछ पेमेंट देने का बाकी है तो वो फाइनेंस कंपनी से मुझे रोज कॉल आते है पेमेंट करने के लिए पर मेने उसको अपनी सिचुएशन बताई पर वो बोल रहे है की आपका नम्बर इस कंपनी पे रजिस्टर है तो आपको कॉल आते रहेंगे आप ही बताइए अब में क्या करू?
Can I watch the recordings of the classes? Otherwise, when's the next session? I'm traveling at that time. I need this session specifically because my father passed away 6 months ago and he never shared pretty much anything with the family 😔 Now we're all scrambling to figure out what to sell to repay the loans and all...
Real Estate Masterclass: link.lla.in/EnrollNow
Use Code "RISHABH" for 40% Off ( Auto Applied on link above )
Know more: www.courses.lla.in/real-estate-masterclass
Recording will be available to all registered participants
Kuch Samaj Nahi Aaya
Pls much after the Masterclass is over like few months later. Can you upload the session in different videos on TH-cam. Will be helpful for lot of people who are not able to join now and learn. And is consistent with LLA's brand of providing high value to it's viewers
Hi sir ,
I want to join the class but the issue is on that day I have a family wedding to attend and will be out of town and I really doubt if I will be able to join. Is there a recorded video available which I could access so that I can see when I can .
Kindly get back .
Sir to add - what you referred to is actually Market value . The fair value is value at which the land price is fixed by govt and the land can't be registered lower to that amount. One can find the resp fair values by going online and searching the Survey Numbers.
The market value gives a more realistic time based rate. As after builder starts the project in that area the market prices of all nearby properties usually increase , the rate of change depends on the seller.
Bro, I will share my experience. Been to many different builders in Noida and Indirapuram area, same story everywhere. They tell you its 1350 Sqft Super area, when I ask Carpet area, they say at least 900 Sqft.
I know what a 900 Sqft carpet area would be since I have been living in 465 Sqft Carpet area (measured with tape). There 900 is like 150 Sqft more than mine.
Thats not it, when you will actually buy it, they will say if you register on actual area then you will have to pay extra registry fee, so better tell the authority that you have smaller area so pay smaller registry fee. Buyer in order to save some money, agree to it. And you must have guessed by now that, the actual area would be small but nobody measures with tape when customers go with broker (even when you want to measure like I wanted, you can't really do that because it will take significant amount of time which broker will not give you and if you do take their time and don't buy the flat, they will go haywire. So to prevent that situation you don't ask for measurement everytime. Another way is that they tell you the tiles are of 2x2 so count the tiles and you know the room size but those tiles are also cut sized.) and that's how the flats do get sold. I know some buyer as well.
Huge SCAM.
Been searching for a flat to purchase for the past 6 months and the variation in prices was making me go crazy. This gives me some peace and a negotiation ground and a cross-quiz round for builders. Looking for flats gonna be fun now.
Content = 3 minutes. Ad = 5 minutes. Intro = 2 minutes. This is a big downgrade in quality. Sharing feedback as a long term subscriber.
Edit: I already am a Premium user and I am not talking about the ads TH-cam shows. I am talking about the sponsership ads too.
२x ne dekho
Get YT premium. Ads are source of revenue for TH-cam and Content creators.
@@PremiumSubscription-tf6ve I already have YT Premium. By Ad, I meant the advertisement he did for his course.
I am a premium user, so can’t complain about ads.
@@gauravrangnekarabe kahe ka premium?! iss video k andar ki advertisement ki baat karra hai wo! 😂
I was thinking about the same topic and LLA be like : yeh lo 👌
Same, just went to search for a new flat in the morning
Dimag padh lete h ye log
I m also 😅
Next level digital marketing
Me to kal yahi soch raha tha aur aaj ye video aa gaya
This was quite simplistic. Land per square feet rate varies from individual plot to parcel acquired for group housing. It’s not that simple to find out land parcel cost. There are multiple govt charges, various approvals, EDC, IDC, stamp duty GST etc. there is interest during construction, marketing cost, SG&A as well. Cost of construction per square feet is also not appropriate- any basic semi luxury spec cost is atleast 2-2.5k/sqft.
Also you can figure out cost of apartment just like you stated in your video. Best is to compare with existing resale market. New flat would be at 15-20% premium due to newer construction and amenities.
yup, this video was made just to sell their class.
You have not considered the parking area and park that has been left without construction, but builders have to purchase the land area for that at the same cost. Plus approvals from government authorities for construction and many other things like playing area, gym, community hall that also has to be installed with many equipments. Bank intrest cost for the project development
It's all depends on the F.A.R value of land. How many sq ft can be construed on the plot size . Gyms , community hall etc are covered under super build up ( you are giving on the constructed property )
The drive way is not charged but the parking is charged if and only if there is shade provided, open air parking can't be charged legally.
Bulider already considers the open common areas like garden , driveway etc when dividing the total exp to arrive cost per sq ft for him - as he has bought a plot and then divided so it will already be covered . Ie , cost of land + construction cost + legal costs + misc exp etc to derive at total cost and then he divides by no of flats / SBA to get cost per SBA .
Also it differs for floors
Project start karne se phele, Land Purchase hone ke baad se Project Approval milne tak ka bhi jo expense hota he wo sab bhi Flat rate me Add ho jata he. i.e. NA Permission, Plot Validation, Fire Approval, Environmental Clearance, Architecture Design, Plan Approval from Authority..(under Table expense) etc.
Yes you are right.
1200 per sq ft construction seems to be too less.
local gunde , local club and local politicians k pise for construction and after construction ( yes yes I am from wb)
@@ajrokks9521if you are from west bengal, you might know flat rates in Kolkata ar 2000-6000/sqft. Visit Mumbai buy a flat at 15,000- 1 lakh/sqft and then use your preconceived notions in your dreams.
LLA channel India ke logo ka trust ban jayenga ekk din dekhna
Q ki aap bilkul sahi baat batate ho sir
Thank you so much sir 🙏😊
LLA is my GOTO for all investments questions from past several years..
Abhay OP. You are building trust and loyalty. Keep growing like that and helping us with informative content. Thank you so much !!
#WATCHLLA because
1. Providing good care of content without taking wrong sponsorship.
2. EXCELLENT BACKEND TEAM
3. Works with videos that are needed to explain in detail and as an investor you need to know.
4. They have lost their own hard earned money in some things like crypto and other things so they have experienced what losing money is.
5. THEY DON'T FLEX THEIR MONEY AND INVESTMENT.
SALUTE TO TEAM LLA AND
Mandeep Sir and Rishabh Sir
The quality of content LLA provide us. I think they deserve atleast 50M subs.
BRO WE SHOULD APPRECIATE THEIR CONTENT KYA BAAT KAR RAHE PAGAL HO TUM LOG 😢😢 LOVE #LLA
1. Super built-up rate is half of carpet area rate ? Always?
2. Land cost will be divided by no. of flat owners and not floors. As each owner will have ownership of land as well, right ?
1. Super built-up area rate would always be more than the carpet area rate. i.e. 20% to 50% higher.
2. Since you are considering all the values in sq. ft. You can never have 2 owners in the same sq. ft. You can think about it like the sq. ft. land is divided between the number of floors.
please dont go by this its very simplistic and Naïve - You will not be able to purchase a house ever.
If Flat owners do not complete the Flat Mutation process, do they still have equal rights on the portion of land as compared to the flat owners who have completed their flat mutation process ?
Hi LLA Team, I purchased the Real Estate Masterclass and as promised I received the recording but not the separate PPT. In session it was mentioned by Mandeep that the PPT will be shared with recording.
can u explain where was the recording was sent? how to access the recording? thanks u
Hey can u share the recording w me. It says sold out now
very helpful video for someone like who doesnt know about this real estate terms. thank you lla team for bringing this up.
Need more masterclasses!!! Loved the technical clarity
Construction cost you mention is pre covid or non metro cost
Cost is higher than mentioned
Grattitude in Background was Overwhelming ❤
Kal he hum dost log baith kar is topic pr baat kar rahe the ki kaise kya decide hota hoga or aaj video aagai 🔥
I am Land & Building Valuer (IBBI Registered) and I thank you for this video.
Where to find land valuation at tier2 city taluka
Sir jab startup se profit hota h us profit ko dobara se usi startup me invest kiya jata h or wo startup ka bootstrap model hota h
Toh jab ham profit ko dobara invest karte h tab tax relaxation/ 0 tax ITR kaise kaise file hoti h....
Plz reply 🙏🏻
Ho sake toh iss topic par bhi video banaye....
Pls much after the Masterclass is over like few months later. Can you upload the session in different videos on TH-cam. Will be helpful for lot of people who are not able to join now and learn. And is consistent with LLA's brand of providing high value to it's viewers
This is not the right way to calculate. Ask for the UDS (undivided share). Multiply that with the land cost in the area. And then add (construction cost per sqft * super built up area). That will be the cost incurred by the developer.
Also, 1200 is an impossible rate. Construction cost without interiors is 1600 at the basic level.
Mistakes to point out:-
1.Cost f construction is going 1600+
2. Land ratio calculated by total cost of land divided (Total s.built up ÷land area factor)
One can check fair value but all depends on demand and supply. Just like stock market.
I can't afford to invest in real estate but I want to own the house it helped me a little
My e-scooty had an accident before the registration, I had taken out the insurance earlier, now the insurance company is saying no for the claim, what should I do, please help.
I have a keen interest in real estate sector and I was looking for this topic that is how to calculate the fair market value of the flat in order to know whether builder is charging a fair amount or not and this video exactly explains that so thank you very much for this highly informative video
If you want to build more than 7 floors there is licensed permission from RERA which is chargeable
Question on real estate law - Who legally owns the rental security deposit after a property has been rented or leased? Who has the right to use those funds? Is the legal right transferred from leasee to leasor after payment has been done? Can security deposit be placed in escrow for large transactions?
Great Initiative by LLA!! Can we have this Real Estate Masterclass being held annually? Since there might be people who may not want to invest in the same immediately but are planning to so in a few years. The reason for this is every year the tax laws and other legal/financial aspects related to it keep changing, if not much a slight variation is observed. Given the complex nature of the real estate asset class, it would be great to have an updated playlist changing maybe only certain points which got amended from the previous year.
Sir please ek baat bta digiye abhi mai pan card mai 18 ka hua hu starting kese karu cibil ko bahut acha karne ke liye. Samaj mai nhi aa rha h kya karu Pay Later account make, ya fd pr credit card, Loan, ya aur kuch please sir give me your suggestions which is useful and helpful for me.... ❤❤❤
This video was more like a 10 min sales pitch of your upcoming course
Sir this video needs some corrections
1st building cost never goes as low as 1200 sq/ft
If fact by using 3rd quality construction materials too.
2nd builders also invest in common amenities.
3rd. ....
Exactly.
2500 per sqft construction is needed even for low quality.
There are other things like getting approvals etc it costs a lot.
so on January 14th, 2024, I was allocated Room number 404 (double sharing with an attached toilet and bathroom) and paid the agreed-upon rent amount to the PG owner/director. On February 16th, 2024, I paid the rent for the ongoing month for the same room (404).
However, on February 19th, the manager, Yogesh Thakur, asked me to relocate to another room (Room 201, single sharing with a common toilet and bathroom for the whole floor) against my will. The rent for this new arrangement is not justifiable to me.
what should I do now, where should i file complaint against those scammers
(This PG is located in Laxmi chowk, Hinjawadi Phase 1, Pune)
But Team LLA ..if you go Lil more wide in area in different states.. this formula is good but you won't find any fair value property, cause all builders in that area selling like black market stuff and govt is doing zero on these
SIR 🙏 Mere brother ko University ke ek exam m cheat krte hue pakda tha... Lekin no debarred no rustication... Next sem m usne exam clear kr liya tha... Or degree or final marksheet par khi mention nhi hai ufm ke regarding or provision certificate par bhi good character show h... Koi dikkat to nhi aayegi regarding govt job? In attestation form it was ask have you ever been debarred or rusticate by any university... What should be the solution 🙏
At time stamp 2:49 you are saying that super built area includes proportionate area of common areas like play areas, but then at timestamp 3:34 you are excluding play area from super built area. Please correct it to avoid confusion.
Plz make a detailed video on how you & Lawyer conduct their Research sources etc❤
Which is a better option: paying back a loan by increasing the annual percentage rate by 10% or investing the money in stock market?
Can anyone tell me how the builder makes profit? Is it on land acquisition price? Premium? Amenities?
Had attended Capital Tax Master Workshop Class it was really Insiteful
What usually happens is - when a builder buys the land the rate of land will be less and later on when he begins and puts a publicity - the rate of that area increases if its a reputed builder . Moreover more the reputation grater will br the % increase in price.
Can you please make video on Education loan
Sir We are looking to buy our first Household!! Which do you think will be better? A flat or a House?
Or I should re-phrase it is there any problem with buying a Flat?
best thing find the areas where mostly flats are dealt in white amount an then go towards the local registrar and search for index 2, if the locatlity have a huge amount of flats sold in black then add back the average black amount you got the market rate
Sir ek video Jaipur ke JDA or society patte or 90b inpe bnao kya safe hai kya nahi urgent required
Do we get Recording of that Webinar after Purchasing, Please Reply
Ofcourse
@@LabourLawAdvisor Thankyou Sir
Sir make a video on how to buy 2nd hand card and what to check
Hello LLA. I would like to request you to provide knowledge upon the issue of clash of residential and commercial properties in growing urbanisation. How businessmen are capturing residential places for their businesses and how can a normal resident of the surrounding can tackle it?
@LabourLawAdvisor. Pls make video on how a fund manager makes or decision is made on buying or selling a stock. For example now , market is 22K but in MF still fund manager know when to buy or wait. Very requested. Please🙏
I think more parameters are not considered. But u will get price approx estimation
Dear Sir
I have suggested my friend scapia card but while applying he comes to know that his cibil score is 630. Later he told me that his SBI CREDIT card limit decreasing every quarter after checking we come to know that someone has used his pan card for Bajaj finserve card in 2020 and spend 50k and 70k.
Now what should he do now?.
Video mentioned that live masterclass would be 3 hours long but the registration link says that it will be 1 hour long only. Can you please clarify the actual duration of the masterclass?
In calculation, land rate per floor is used but the total price per flat is calculated ? Why ?
In 1 floor of there are 2 flats and in other floor there are 3 flats , then also the price per flat will be same ?
1. Most flats have same floor plan for each floor
2. I told it is an approximate method, of course you can build super complex models using the concept. But this will be ok in 95% cases
Abhay OP.. Great and Very informative video.
Good Advice, but pl. Explain it with slow speed so that I may pick up your suggestions.
There's a flaw in your land calculation 10000 per sq ft is divided into 10 floors which is 1000/-per sq ft which is fine
But what abt ground coverage which is generally 50%
So fair value of land assuming 10 floors =2000/-per sqft
How did you calculated the rate of super build area as 3000 per sqft?
4:23 Rishabh sir in your video the masterclass duration is mentioned as 3 hrs but in actual link it is 60 mins. Please clarify what's going to be the actual duration.
Also please make a video on, we go to see any property (apartment), they say all are booked, only tower B available n that too lower floors... Just after 4th day of launch if the apartment. N launch was done on working day. We went to see on Sunday... 9 towers, (2 were 4BHK), not our cup of tea. So remaining 7 towers, all 3 BHK n 2 BHK (3 variants each) sold out... Except fingure count flats... Is it really this many are buying flats. N it's not the story of one flat... Every property same story...
The calculation is based on the assumption that there is one flat on each floor. But actually that's not the scenario is most cases. There is more than one flat in each floor. Each builder's whether local or branded keeps a 50%-100% IRR for their investment. It's the nature of the industry and risk return benefit for them. The calculation is shallow and is not effective for making a decision. Rather than real estate buying decision should be based on need & affordability. For investment there are other mechanism like Reits, Invits, stocks etc
Sir Kindly reply,
I sold my house 10 years ago and the buyer had removed the meter and then sold it to someone else and he was still running without a meter.
Now, the person who bought apply for the meter, in some way or in checking, checker found that the meter was installed earlier and his application was rejected.
And now that person tell the checker that the meter was installed on my name, what should I do now? If the electricity department writes FIR against my name, what should I do?
The Course got expired, Why ? Before buying it was not mentioned that it will expire
Share market me investment ke liye koi series suru kro.
As we are promoting investment.
Please make a detailed video to file ITR 2.
But what is the best percentage to buy for ???🤔u didn’t give that info 7:59
I actually calculate with the rental return. If, the return of the area is min 10% ony then I will invest.
Abhay OP 🎉🎉🎉🎉 thank you for sharing this knowledge
Land cost agar dewide karenge sir ji to profit builder kese kamayega
Interior charges
Lighting engineer
Municipality ka table niche ka charge plan pass ka
Project loan hoti he.. Unka intrest
1 lac ka plot ko 10 logo me dewide kardo 10000 aapne gina to vo kamane aaya he seva karne to nahi, ase logic ground pe nahi bethti
Or per sqft rate city to city vary karte he, or builder to bulder bhi
@LabourLawAdviser and @rishabh Will there be a recording link after the session. As I might not be able to attend the full zoom link.
And really great initiative by LLA team. Kudos 🙌
Abhay OP.......shaandaar tips
Thanks Sir, can we record the live class?
sure why not
If a land area is 10000 sqft then I think the builder can construct only on 60%,of the area here in Bengal.. And 2.5 times of total land sqft area..
Me pehle ek company pe kaam karta tha uska pf number he lekin uan nahi he uska uan kaise nikale ... Vo company bhi abhi band ho chuki he . Please help
Thanks for the video sir ❤, much needed and knowledgeable.
Always welcome
Very well explained Sirji
Is this session recorded. can we watch later?
LLA, i attended your webinar for Capital Gains Masterclass. I was promised a recording of that session, yet no update on that from your side. Can you please comment on this ?
check spam if not found mail on support@lla.in
Rishav bhaiji 2m pele hi Jaipur mandi road (mangalam group se) me flat liya hai mene 3150/sqt me 😢 Mera loss hoya hai.
Sir, what about other charges which builder has to pay like purchasing land then that lands registration charges like stamp duty and registration then paying realtor his commission then architect fees, RCC specialist fees, in Mumbai we have BMC so BMC fees from i.o.d,c.c to OC plus under table charges, local politicians charges, local area festivals charges plus interest rate of builder borrows money to buy land or to construct the building.... So if you add all this then profit margin is around 30% to 40% atleast in Mumbai this is the calculation.
Hello LLA, do you provide recordings of your masterclass to those who have registered for it? Just in case someone was not able to join the live session.
Hello sir apka video bhut help ful hai hum jaise k liy
But sir
Mujh ye janna h ki ky hum policy bazaar me invest kr skte h insurance or SIP actually mujh doubt h ki online is not safe plz clear me
@LabourLawAdvisor
Hello,
If me and my wife have purchased a flat (co owners) with initial down payment from my account only (however she has transferred partial amount from her account to mine).
And we have availed a co - borrowed loan (whose emi is getting deducted only from my account). She transfers her share of emi on regular interval to my account.
I have two queries -
1. Is this arrangement of payment okay with respect to the tax deductions and other tax compliance.
2. Since all payments to the builder is done from my account. Builder is paying the TDS amount on behalf only through my PAN/account. So till now all TDS is submitted through my account and none through my wife's.
What should be done, is there any changes needed in this with respect to the taxation purpose.
It is still under construction stage.
Hii
Kya Amazon ki delivery service ke bare me jankari de sakte ho
Box empty aaya tha or Amazon wale is par koi help karne se mana kar rahe hain. Bar bar complemt karne ke baad bhi koi madad nai mil r rehe hain
This will not work if each floor had different number of units. Better way is to go with UDS. Multiple UDS with land rate per sqft. And then add construction cost to it. 😊
Any old students who took the masterclass previously, please share LLA / Rishab Jain's Master Class review...
LLA ki ye background music cozy cozy lagi. Hamesha wali jara horror and serious wali lagti hai😅❤
Looking for guidance here :
My wife is getting messages on her number. Where a person has taken a loan but updated incorrect number (may be).
We don't know this person. Neither does the loan impact my wife in any way. It's not even visible in her credit report or anything.
However, she is getting regular messages or calls asking for payback.
How can we report it further? Please suggest.
I transferred a home loan from hdfc bank to other bank. But after various reminders bank has given me my documents after one month after festivals Durga Puja, diwali. His staff replied me that as documents kept in Kolkata so he documents come late. When I asked to given the late fine as per RBI guidelines. They asked that you didn't come with co loaner that's why it is was late. But it was false. Every time they informed me that documents didn't come. I complain in grievances cell then after some time it was replied that issue was resolved. But I didn't get any information what is done in this matter. I emailed but I didn't get any reply. Kindly help me and tell me what to do.
सर मैंने एक सिम कार्ड लिया है जो पहले किसी और के नाम पे था। लेकिन उस भाई ने कोई लोन लिया होगा और उसका कुछ पेमेंट देने का बाकी है तो वो फाइनेंस कंपनी से मुझे रोज कॉल आते है पेमेंट करने के लिए पर मेने उसको अपनी सिचुएशन बताई पर वो बोल रहे है की आपका नम्बर इस कंपनी पे रजिस्टर है तो आपको कॉल आते रहेंगे आप ही बताइए अब में क्या करू?
Fantastic Topic 👍👍👍
Can I watch the recordings of the classes? Otherwise, when's the next session? I'm traveling at that time. I need this session specifically because my father passed away 6 months ago and he never shared pretty much anything with the family 😔
Now we're all scrambling to figure out what to sell to repay the loans and all...
haven't receieved recording of real estate mastercall, not any documents like ppt/pdf
Thankyou RJ Sir.
ABHAY OP 🎉🎉❤
Could be a great way to evaluate or have an idea about the fair value of a flat
This is an eye opener epic video. Thanks a lot. 🙏🙏🙏 Pl do one video on redevelopment.
Also make video for commercial real estate like shop mall godawan how to find fair market price and high rental yeild real estate 😊