Three stories about bargaining like a gorilla. NEGOTIATE REALLY HARD while buying & selling flats.
ฝัง
- เผยแพร่เมื่อ 6 ต.ค. 2024
- Here are three stories of bargaining for properties in Mumbai. If you want to buy or sell a flat, don't be afraid to speak your mind and ask for the price that you want.
ISSUED IN PUBLIC INTEREST BY
Krishnaraj Rao
9821588114 and 8169471229
krish.kkphoto@gmail.com
Twitter @BravePedestrian
Mumbai
Not buying anything but still these conversations are so informative and funn 😄
Absolutely
In Pune, they have suddenly jacked up prices by huge amount . They are apprehending people will bargain hard. So resale flat prices are being increased by 30% since what they were in January '20.
So we will bargain for 50% less 😁
its driven price... builder have created lobby....
hold on tight guys
Pune market there are great deals in resale market. People are selling at same price they paid 10 years ago and even less. My one colleague wanted to sell his 2 jodi 1bhk flats for 85 lacs in Fathima nagar 2 years ago. Prime location. Last month he finally managed to sell both 1bhk flats for total 55 lacs.
One of the brokers once advice me that always put forward your offer and don't be ashamed. They note it down and when they see that no one is showing interest then they will call you. Give offer to 50people and forget you will get your deal.
Krishnaraj Ji why don't you monetize your videos... you should make it as a career in public interest...
Price drop by more than 1 Crore. You are a legend.
not in Bangalore 😀
Awesome. Today’s market is so soft that 30-40% discount in secondary market and 50% discount in primary market is not unreasonable. At least in Mumbai.
Builder lobby is such that only buy flats when there is blood on the streets i.e. when prices are extreme.ly low
AWESOME. Even this word will short fall on the way you have guided through this video. Really hats off to you Krishna Sir. You are toooooo good. There are so many things to learn from you. Really if you start a coaching classes on how to deal with real estate market you will be the next big name after Byjus. Just joking. Whatever it is I have learnt so many things by seeing your videos.
Krishji, Thank you.
Hello Krishnaraj Sir, I have been watching your video since you were hearing court dates. This is the first time I am writing for your advise. I am in negotiation with the builder for ready unit. However he shared initial OC and said full OC is under process. Firstly I don't know how the OC looks like and secondly how can I assure the OC which he shared with me is genuine?
I would like to thank you for the efforts and information you are sharing with all of us.
Best wishes!
Whats happened with thie deal? was it easy to deal directly with builder?
If i was in ur place i will just pay a lawyer to verify all docs
Sir,can u make some live negotiation vedio..want to learn this skills.
Sir you're doing an incredible job sharing so much info. Thank You 🙏
Ur a legend Krishna sir..
The gorilla pic is epic....😂😂😂🤣🤣🤣
Another thing people are failing to consider is construction quality. These flats will not last for even 20 years. After loan is serviced the building is ready is collapse. So after paying our life's earning to the builder-politician mafia, we dont even have a house to live in or pass to our children. Institutional legal slavery of middle class in India and no-one is raising their voices. KUDOS to @Krishnaraj Rao for educating the misguided aam aadmi in India
From all these videos, it looks like stock market is safer compared to real estate investment. How many maximum real estate properties a middle class man can buy for investment? Maximum 1-3. It is like putting all eggs in 1 basket. Plus scams in real estate comes in thousands of form. Whereas a person can buy many stocks of different companies. Any middle class person can certainly buy 10-30 companies. It is better diversification compared to real estate. Plus issues in stock market come in 4 forms mainly- data manipulation, price manipulation, debt issues and corporate governance issues. Finding debt issues and price manipulation is very easy. Only data manipulation and corporate governance issues are harder to find. Also, real estate market is highly uncertain. When bull run comes, price becomes many times in 10 years. But when bear phase comes, price becomes stagnant for many years. Also, our economy is not performing well so not much growth visible in real estate.
Better build your own house after buying land. I am living in 35+ years old bungalow built by my grandfather(5 lakh rupees in 1970s) in Ahmedabad after buying land. At the time of construction, area was not very well, but now some remaining empty plots in my society are selling for more than 70lakh-1cr. There are around 100 houses in my society, but most are NRIs so only 50 houses are functioning. We have a 10,000 sq. feet common plot(ground) in which only 20-25 children play. Feels like I am living Indian dream in a metro city after seeing condition of people in comment section. My father renovated the house so all is well for next 15-20 years.
Today I went to Marethon Nexa, Dombivali Cost sheet they gave me was of 59 Lac with the Bargaining of 45min they almost come down to 48 lacs literally 20% less than what they said.
Sir your advice are very helpful and helps in making better decisions...
Atleast someone is making the builders life difficult. Hats off to you sir.
God bless you sir , you are a real hero.
You deserve atleast 1 million subscribers. . . . and I am sure you will atleast change the Mumbai Real estate market
Thank you, shared in my telegram groups.
Put the idea of purchasing to the seller after 2 months seller will call the buyer.
Sir, your videos had helped me to get the best deal from my builder.
Thank you Sir 🙏
Good video.. infact I have seen many builder saying that 2 bhk is sold out and now we are left with 1st floor flat and 3 Bhk. That seems another marketing tectics.
Yeah... that's typical sales trick. The flats which has demand are anyway going to be sold today or tomorrow... only problem for them is with 3bhk flats and flats in G and 1st floor which needs some push.
@@jeethuutube Yes, but in this way poor buyers are affected. I have been looking for Sheth Montana 2 bhk since long but they say they don't have any flat free. How is it possible in such a big township.
@@hemak.mulchandani9557 Yes, unfortunately you have to play this tricky game with them and you should refuse to see a 3bhk and insist on showing 2bhk, and be make them very clear about how much you hate 3bhk flats and maybe keep on inquiring when they will open 2bhk flats for sale. Small builders who are honest wont play such tricks.
Hema bahut tactics hai builders aur agent ke ,if you want to buy any property from builders they will ask you aap mujhe itna white do baaki rest black mai do , I have learned a lot from these stupid builders and agents but still I'm looking for a 2 bhk in my budget sabse ganda jo lagta hai mujhe woh yeh ki kahi bhi property dekhne jao they will ask you for budget, aap ka kitna budget hai , and I'm talking about Navi Mumbai.
@@4985muhammadali But if you pay full in white are u willing to pay the gst for full amount ?
Real estate do not have expiries hence they will keep their flats empty or idle but will not sell you at lower price. The only time when seller sells the flat at lower price is when they need cash on urgent basis due to some financial crisis in their personal life. I had asked many buyers to sell their flat at 15% discount, they declined the offer. Now its been 1 year and their flat is still unsold but they still did not accepted my offer or called back to renegotiate nor they lowered the price .
Only buy real estate when there is blood on the streets(people want urgent money). For example when during 2008 financial crisis and 2020 corona.
@@anonymousanonymous6424 I agree with 2008 but in 2020 I was not able to get them at lower rate. They are still holding. There are many properties unsold and still available even after 2 years they are still sticking to their ask price.
Yes you are correct, people who have good money mostly they put their money into real-estate so they don't have much financially urgency to sell it at lower rate, they can hold their prices for some year. yes if the situation will stretched for some years and they feel its not gonna improve in near future than they start selling at lower rate. this my understanding.
Let them wait, for investment the rental yields are lower. The price is what any buyer is willing to pay!
Very good lesson sir. Sometimes it's is good to be unreasonable.
I totally agree with you Sir... When possession nearing flats or OC received by builders they increase the price unreasonably then now in current scenario why not we can ask for heavy discount when there is slowdown in economy and huge liquidity problem is going on.... Thank you so much for creating awareness... It helps alot👍🙏
Thanks for real content.
Very good lesson to common people who get fooled very easily .
Insightful and detailed, respect to you, Sir
Thanks Mr.Rao great work ,
Must watch for all home buyers.
Kay bat hai sir , grate...mana aap bap ho....salute u sir
Invest in affordable housing in saphale near Virar. Ground plus four floors takes 18 months around for construction. 1BHK comes for 18L around. Good amenities. Good appreciation potential as compared to developed places like mulund, Andheri, chembur etc.
Learnt a lot about how not to get cheated by the big builders by showing a sweet face in the front desk .
Come to Hyderabad sir, this market needs you
within the last 2 years, cost of construction has gone up by 60%. How come these builders will deliver quality end product is beyond me.
The guy who written rubbish advice you don't deserve here .this is info and ppl are getting alert what wrong in it , real estate sometimes loot lifetime earnings so getting alert and smart negiogiator what's wrong.. keep posting video everyday I look for such info on internet great.
Thank you very much information.
10:10 best advice
Solid advice 🙏🏻👍🏻👏🏻
Sir please come with more about how to manipulate (bargaining) how to convey our price 🙏
Can you make a video on redevelopment projects?
You are doing great job Sir..
Rates in Gurgaon realestate hasn't come down, it's still the same. I am searching since Jan-Feb which was pre covid but no benefit for me in today's market.
Wait till moratorium is over.
When will it get over and what the benefit of waiting will we get?
@@anujwadhwa moratorium helps the stressed assets from getting diluted. Once the bank forces to foreclose, owner will have to reduce the asking price to match the market offer and move on.
If u ask for the price u wud nvr feel the prices have dropped. U shud quote from ur side directly.
@@anujwadhwa hold the buying decision for next 2-3 months more..market gonna crash after 2-3 months of morotorium period
Sir .. You have always said that Property rates will comes down by 40-50% due to covid. Your prediction is comming true for Hinjewadi IT park Pune.
Recently govt has changed norms for work for home ( www.timesnownews.com/business-economy/industry/article/it-industry-calls-pm-modis-move-a-game-changer-after-govt-relaxes-work-from-home-rules/678090 ) > This norm will directly hit real estate market in area's where IT crowd live such as IT parks of Pune , Mumbai and Banglore .Hopefully within next few months rates will be 20 to 30% down because no one is living in these area. Everyone gone to there home town . People who has invested are not getting rent and are unable to pay EMI's. Will definately sell even by taking huge loses .
Thank you sir for educating and spreading awareness .
Yes, places where IT people live are most affected(property prices). For example specific areas of metro cities and Bangalore. Buy if you get a good deal.
Broker didnt call,,,these conditions are fr buyers defecit market
Sir make a video on north rising dahisar .. What could be the price for 2 Bhk in that builder is asking 1.39 cr
Bhai bhai 1.39 cr had hain yaar woh bhii bhaiso ke gaav mein jaha paav dhang ka nahin milta
Shouldn't be more than 1 Cr.
I had gone there to check 3BHK, they quoted me 3.1 cr all inclusive which was absurd as I had done research and seen that they had sold 3 BHK at 1.15 cr agreement value
Check this sheet to get an idea of all recent registrations: docs.google.com/spreadsheets/d/1lG2GaasGqw6dTzAVX_wSsEN5g799AduQeXtSAzyycxk/edit?usp=sharing
Column P has the agreement price
@@rupeshparab891 thanks for sharing... I was interested in this project but the price is to high even after they launch this new north rising I spoke to a sales person and asked if take it on a lower floor can we nego under 1 cr ... he was like No sir n all
@@rupeshparab891 Hi Rupesh any docs available for Jevee's Goregaon projects. Would be really helpful.
I noticed that in Pune and Navi Mumbai, resale flats are quoting 20-30% higher than Jan '20 rates. The entire country is in lockdown for a year and ppl have hiked the rates of their flats 😁
We need to bargain to 50-60% I think. First get the ridiculous covid hike out of the conversation, then talk of actual discount. Otherwise they can keep their flat on sale indefinitely. Nobody is mad to pay the rates ppl are quoting.
He didn't answer how he raise price from 98 Lacs to 1.5 crore ...i mean How?
98 lakhs was the sale price considering the actual original size of the flat (around 730 sq ft), multiplied by the minimum purchase price i.e. 15,000/- per square foot. 1.5 cr. was the sale price after multiplying entitlement (size of rehab flat after redevelopment) i.e. 950+sq ft multiplied by the actual sale price being offered by him i.e. 16,000/- per square foot. Is it clear now?
Amazing
Ur very good sir.
Buy OC ready possession or get it from secondary market better (1yr to 2yr old). period.
don't you get such calls these days?
Broker hai jinhone real estate market ki vat laga di hai
Customer ko mis guide karke
Never ever buy a flat via broker
Beware aware of Brokers.
Very informative 👍🏻
Can we actually demand a 30% + discount 🤔 will big builders give that nos..
Market will correct with 40% to 50%. Run for cover.
Big players like Tata , Godrej , Piramal , Raymond are entering real estate. Money is being pumped and very less chance of it coming down.
Sir! Is is ok to purchase resale flat in 22years old building.
terrific 👌
Sir can give information for Piramal revanta
Very good sir
Sir i really like unique green in thane kavesar, ready posession invester flat... Plz tell me about this builder n what should be a correct price right now in dec 2020. All investors in this building are adamant on no Barganing
Unique green builder has built a building for economically backward class sharing the same boundary with unique green. Residents there are having this dispute with the builder.
@@mahendram488 yeah.. i guess leakage issues also.. i also lovrd that project a lot when I saw it first !
👌
I love the logo URBAN NAXAL
I literally put in headphone take notebook and pen and note down points
How much % negotiation is possible on the agreement value of a newly constructed flat or under construction flat? The builders are always having options of lot of buyers so do we buyers have enough scope for negotiation?
Yes they negotiate a lot.. once they see you're serious to buy
Genrally, margins for a builder would not be less than 45 to 50% ..... as the other parties underwrite the flats, Margins squeeze. But still builder cannot sell cheaper than the flat sold by the underwriter .... Negotiate, wait and negotiate .....
Why unnecessary headache of negotiations
MAHADA le lo koi tension hi nahi
@@Vrath620 mahada ke flats ..... They are like chawl (urban chawls) ....
@@dubaimetrodude ok
@@dubaimetrodude govt construction kar raha hai to builder se to accha quality deta hoga na??
@@Vrath620 sahab .... Government city road bhi construct karti hain and sewer bhi ..... building bhi construct karti hain ... Yeh sab ek hi government authority construct karti hain and unka chief ek hi hain and system (procedure, thought, seriousness, definitions, ideology, physhology) bhi ek hi hain ...... So, road tutne ka unko koi fear nahi so as ghar gir jaaye uska kya fear ! .....
Your frequently switching over to Hindi is a great impedence for me in following.
Sorry bro, but Hinglish is my mothertongue and our national language.
@@KrishnarajRaoUrbanNaxalAs Hinglish is your mother tongue so is Thanglish mine. I could not understand Hindi thanks to our Tamilnadu political bastasrds!!! Anyways I am able to fluently converse in English inspite of these bastards!!! And sir is there any scope that you can analyse the real estate cheats of Tamilnadu mainly centred around Chennai? If yes I shall be blessed to hear from you.
Learn hindi kanda
Itne me to mere village me 10 ghar bn jaye 🙄 3 crore omg!!!
Jameen khareed ke
Gav me aate jate salam namste nahi kiya to fathar marete hee
@@lewisavinash1 Very good idea. I am living in 35+ years old bungalow built by my grandfather(5 lakh rupees in 1970s) in Ahmedabad after buying land. At the time of construction, area was not very well, but now some remaining empty plots in my society are selling for more than 70lakh-1cr. There are around 100 houses in my society, but most are NRIs so only 50 houses are functioning. We have a 10,000 sq. feet common plot(ground) in which only 20-25 children play. Feels like I am living Indian dream in a metro city after seeing condition of people in comment section. My father renovated the house so all is well for next 15-20 years.
The guy sounds more smarter that Mr Krishna. Not sure why on earth he needs help. Can Mr Krishna predict when will be the good time for buying...i hardly doubt that coz Indian real estate market is very volatile compare to other countries. If you listen to him then you can never invest...belive me this is a good time to invest because clearly its a buyers market. Negotiate hard, choose wisely and invest in projects which are atleast 60% completed. Yes possession will be delayed but you will still have appreciation. RISK TO SPIDERMAN KO BHI LENA PADTA HAI !!
You sound like a business. What's your website?
Are you a sales guy spreading false information. Builder goons and land mafias have worked as a nexus with support from political parties to extort hard earned money.
Never buy any property that's not finished in current market conditions or expect to lose your money or start paying emi for a property you don't have access to use.
Try to get atleast 20 to 30% discount from pre-covid rates or you will be underwater once moratorium finishes and bank sale property gets accumulated in the market.
Spend money that you can afford wisely, and don't fall for these builder mafia. If you book, don't expect to get refund on cancellation.
@@rkt81 Read my previous comment carefully you Moron...NEGOTIATE HARD.
Why cannot i be a normal individual just sharing my thoughts. Stop suggesting people not to invest because of your own idiotic and foolish mistakes. I am sure you cannot even guarantee your own predictions.
You do check the onions before buying right? Or just choose blindly? So if you are giving a token of 1 lakh then isn't it your responsibility to check the fine print and how can you be so weak that someone can lure you to invest that much amount right on the spot when you visit their office. Dont blame others for your own weaknesses. Its so sad when educated folks like you gets fooled just because you were too lazy to read the fine print or you didn't do your proper research. Everywhere you go you will find people who are ready to fool you...it all depends on how smart you are .
Also on a short note...i have personally invested during covid and already gained 12 percent appreciation since then.
Dont invest in mumbai or other metro cities simple
@@metromax316 Stock market is better for long term. How many maximum real estate properties a middle class man can buy for investment? Maximum 1-3. It is like putting all eggs in 1 basket. Plus scams in real estate comes in thousands of form. Whereas a person can buy many stocks of different companies. Any middle class person can certainly buy 10-30 companies. It is better diversification compared to real estate. Plus issues in stock market come in 4 forms mainly- data manipulation, price manipulation, debt issues and corporate governance issues. Finding debt issues and price manipulation is very easy. Only data manipulation and corporate governance issues are harder to find. Also, real estate market is highly uncertain. When bull run comes, price becomes many times in 10 years. But when bear phase comes, price becomes stagnant for many years. Also, our economy is not performing well so not much growth visible in real estate.
👍👌👏🌷🌷🌺🌺🙏🙏🙏🙏
Realestate market is in boom now
Rubbish advice
Seriously rubbish advice aise to you won't be able to buy flat any where in the world.
Phir krishnaraj ke ghar pe ja k rahe ne ka borivali mai.
Seriously rubbish advice aise to you won't be able to buy flat any where in the world.
Phir krishnaraj ke ghar pe ja k rahe ne ka borivali mai.
Sir, why do you so negative about property market?!!
It’s best u buy now and get the best discount u can say 10 percent and the rest u save on stamp duty .. there is no such things as 40 to 50 percent discount .. all crap info ... we live in mumbai and are born and brought up in mumbai .. we know what real estate is In mumbai .. don’t confuse yourself and take a call with reputed good developer if u get ready possession even better or even in a year .from now it’s still very good to opt for .. take your own call don’t confuse yourself with all this negative advices .. and miss on once in a lifetime bargains ... where ever u see a good bargain .
Jatin Shah, which developer do you work for?