You are my mentor, always followed your advice and saved myself from lot of frauds. Thank you so much, keep making such videos, invisibly saving lot of people
Then defjnitly you cant buy house. I was seeing his vedios when 3 bhk price was 85 lakh 3 years before . Now i am seeing when same price 1 5 cr. In 3 years my rent has doubled
I have been listening to your blogs and as advised by you have purchased a OC ready flat rather than under construction dream 😴. Thanks 🙏 for the speaking the truth 😊
For a salary of 2 lacs the ideal house should be of around 1 cr. That is four years of non tax deductible income. An amount 48 times the monthly maintenance could be deducted from the value of property value. This was the recommendation given to me by my banker. Can't say it's true as different people plan differently. Living in a subpar locality compared to our peers can be demoralising sometimes.
Bhai! If you are paying rent of 30k, then the price of 3bhk cannot be 48 lakhs. It should be more than 76lakhs. So either you are telling a lie or we are idiots to believe this 30k rent. One thing for sure I am not an idiot. Can't tell abt you. 😅
1. You should always have a buffer for at least six EMIs. PF can come to your rescue here as you can withdraw your PF amount if not employed for more than three months. 2. If you lost job and don't have enough savings, simply walk into bank manager's office and explain the situation. If your cibil score is good, you will get around 3 months of EMI break. 3. Have some gold reserves as gold fetches good value during economic downturn.
Main apko batana chahta hun kay aap ki yeh videos/advise bohut say logon ki jin ko aap jantay bhi nahin hain na shayad kabhi janaingay unki zindagee ko bohut trouble say bacha rahee hain, thanks for making these videos. Love from Pakistan.
Very solid advice! Having at least 35% of cost is essential for ready possession homes which covers 20% down payment, 10-12% for registration/interiors and rest for contingency. The math changes totally if one goes for under construction as builders lure buyers by offering subvention scheme etc.
Jyi fyi for corporate people watching this video who think 1.1lac is high salary, the gala general shop owners outside large society's make more than that, not in town in far off suburbs like vangni, they mostly own flat in the same society which reduces travel time to 10mins
Just so you know, people who generally buy house are the married ones especially in city like Bangalore and both husband and wife are earning. So providing 80k emi seems easy as couple easily earn more then 2 lakhs per month.
1 cr flat lene se phele ye to socho ye falt merko kyu lena hai, resale mai low cost wale flat mai kyu nhi le sakta. Better option to save 50% salary as loan and 50% as saving and personal use. On top of this family members should also contribute for minimum earning for everyday work. Plus there should be backup of HEalth policy and medical emergency. Kya pata kam musibat aajaye. Better to learn good saving and invest plan and try to compromise with our need, Dream big with realistic approach.
My suggestion would be First only buy ready to move in oc received property Second to build an emergency fund which includes EMI + monthly expenses for 6 months to 1 year depending on your job/profession So that if something goes wrong you don't stop paying EMI as well have some money for fixed monthly expenses
Sir, sorry to disagree but 1.4 lpm salary mei bhi aap sirf 60 lakh ka hi home afford kar payenge (given no other EMI). Rule says good finance sense me u should only have 30% of salary as all EMIs.... so iss hisaab se 80L loan for 20 yrs @ 8.75% rate will give ~72000/ month of EMI. Which means apki salary kam se kam 2.36 lpm hona padega! lol
80C benefits for housing loan and interest under Income tax is available if you choose the old option. So, buying a flat for tax savings is to given double thought. Always go for ready construction flat and not under construction, although the price for ready construction is little higher, but it is worth than going for under construction
Flat mein koi dukan, hotel, ya paying guest nhi rakha ja sakta.... Sirf rent pe diya jata hai jo khud ke liye hi loss making idea hai. Toh isiliye thoda patience rakho, rent pe chhota ghar lo.... Aur 4-5 ke liye free ho jao, phir 1 crore mein se 5-5 lakh ke do pickup van lelo usase 30-40 k monthly aur rent pe koi shop chalao.... Mainly hotel ya mess kuchh logo ko rozgar bhi mil jayega.... Total spend hoga 8-10 lks phir sookon se kamao 2.5-4 lks monthly agar city mein ho tab..... Meine bhi panvel mein Jayram bhojnalaya khola 2022 mein tab covid bhi khatam hogaya tha.... Easily dukan mil bhi gaya aur khana banane wale bhi mil gaye local ke.... 4-6 mahine baad bina advertisement ke hi bhid badne lag gayi aur 2023 aug ko 1 aur baju mein sata hua galla lena padh gaya... Achha hai mein flat nhi kharida.... Us time😊 Meine shop se 5 km door zamin leke apna ghar bana liya Akurli(panvel) mein. Waha bhi meine ek Honda 2 wheelers ka ka showroom khol loya.... Ab mere monthly income 18 lks hai minimum aur bhi business mein invest karne la soch raha hun jaise khud ka ek bada dairy farm kam se kam 10-15 buffaloes aur 5 cows se shuru karunga... Thoda aur piche gav side mein panvel ke... Target rahega 2025 ke end tak khol hi lu😊
Jo bhi flat lena hai lo lekin kam se kam rate pe kharido phir apna renew kara lo aur bache paise ko save karlo ya invest karlo dukan kharid lo kisi ko de do jaan pehchan wale ko.... City mein sidhe aake ghar mat lo zamin bech kar....
Sir I have a question regarding redevelopment project... there is a well known builder who is planning to redevelop a society but what we have noticed he has twice changed the name of his company what could be the reason behind this? please guide.
Always try to purchase anything If you have the amount in your pocket , don't go for loan. So no tension in life. 😊. Try purchase house or land not flats.
Your house cost should not be more than 3 times of annual family income post tax. + Keep 12 EMIs and Emergency contingency fund. Applicable for people who are in late 30s onwards. If experience is 3-4 years someone can take risk.
I am living on rent @ 20k in 1.2 crore flat....and invested same amount. Simple calculation, by investing 1.2 crores (though my investment is in equities) suppose I am getting basic FD returns, it is 70k per month. So ultimately by paying 20k rent....i am net net 50k extra getting. Happy with this way and will buy house when I have corpus of atleast of 5 times of the house value.
1. for purchase as Investment: His advice is good. 2. for purchase for end use: advice may backfire due to rising rents/inflation , specially if you have not crossed your 30s
😂😂😂 but paying emi is always a headache, solution will be only purchase small but without emi in cities and try to invest in business in partnership or buy own shop, property se paisa kamana hi ek achha investment hai warna paisa lagake paisa nhi bana toh khud investment loss making ban jata hai 😊
hello @Krishnaraj ji Namaste : could you please make such informative video on "credit cards" who should get one (or not at all), what are pros/ cons, is it very useful under any circumstance, who should avoid, what are the terms and conditions you should check out for, type of card to get, and what we should watch out for .. there are few videos on this topic but nothing conclusive i found. thank you
Cost of flat is 1 crore Monthly maintenance check? Check the same flat on rental? It may be Rs 35000/ If salary is 1 lac, stay on rental Put 25000 in mutual funds for 15 years After 15 years, you can buy same flat. Think before buying flat when you don't have money
Put 1 crore in Fixed Deposit. You get 7 lakhs minus 2.1 lakhs tax. You get 7 - 2.1 = 4.9 lakhs. With 4.9 lakh you can live on rent. Plus your 1 crore you still have in your account.
@LifeCharcha put 1.5 crores then. If I had 2 crores I would not buy a flat but rent one. Finding a rented place is also difficult but finding a good reasonable flat is also difficult. The builder spends only 30 lakhs to make a 600 sq ft flat but sells it for 1.5 crores.
@@pawanh-lz8dj I know. Loan you end up paying a lot of interest. I meant if you have the money then better to rent than buying. Invest some money in a long term mf incase you take a loan so you can pay off the loan faster.
This guys views are opposite to Amit Sangwan's I feel. His views are quite rudimentary, nothing new. Old ideas which are completely absolute. Amit Sangwan is a real GOAT when it comes to real estate investment.
Not good if your EMI is 60 percent of your salary as the banks will not approve the loan if your FOIR is above 40 percent. Check with the banks for the exact figure
Sir why buy flat?buy independent house may be in remote place but it gives satisfaction..in cities live in rent don't buy a flat just because u work in that city.
Outskirts Independent house is not a good idea. Who afford house of crore plus wont stay in remote areas due to lifestyle. Maybe as 2nd home its a good idea. Independent house has its pros and cons. No security. No infrastructure. No good education institutes around. Bad roads etc etc
Agar sirf 20 lakhs hai jo down payment mein de diye toh registration, stamp duty, legal paper work fees and miscellaneous other expenses kaise pay karoge?
His financial calculation is underpinned by assumption of financial discipline(less inflation) and trustworthy regulation, sustainable economy under NaMo BJP govt. His actions have more trust than his words
In these times of layoffs, it's stupid to buy anything on EMIs. Simple as that.
It is a pity that many do not understand this basic fact. No wonder that credit card companies are doing OK.
You will end up paying more than the borrowed amount for 20 to 25 years of your life.
True brooo
@@keithtfernandesproperty price will stay same?
@ but how can people afford so high property prices and paying EMI for the rest of your life.
You are my mentor, always followed your advice and saved myself from lot of frauds. Thank you so much, keep making such videos, invisibly saving lot of people
Then defjnitly you cant buy house. I was seeing his vedios when 3 bhk price was 85 lakh 3 years before . Now i am seeing when same price 1 5 cr. In 3 years my rent has doubled
Ohh shit really??😢😢@@williamprusty6434
@williamprusty6434 all thanks to pandemic
I have been listening to your blogs and as advised by you have purchased a OC ready flat rather than under construction dream 😴. Thanks 🙏 for the speaking the truth 😊
Excellent video
Need a healthy debate between krishnaraj rao vs Amit sangwan
I have 1.6 lakh post tax. I bought 48lakh 3bhk in ghaziabad. Paid 24 lakh upfront. Now paying 30k emi per month which is equal to rent of my society.
Good financial planning
For a salary of 2 lacs the ideal house should be of around 1 cr.
That is four years of non tax deductible income.
An amount 48 times the monthly maintenance could be deducted from the value of property value.
This was the recommendation given to me by my banker. Can't say it's true as different people plan differently. Living in a subpar locality compared to our peers can be demoralising sometimes.
Maintenance also add?
48 lakhs me 3bhk?. Good deal
Bhai! If you are paying rent of 30k, then the price of 3bhk cannot be 48 lakhs. It should be more than 76lakhs. So either you are telling a lie or we are idiots to believe this 30k rent. One thing for sure I am not an idiot. Can't tell abt you. 😅
1. You should always have a buffer for at least six EMIs. PF can come to your rescue here as you can withdraw your PF amount if not employed for more than three months.
2. If you lost job and don't have enough savings, simply walk into bank manager's office and explain the situation. If your cibil score is good, you will get around 3 months of EMI break.
3. Have some gold reserves as gold fetches good value during economic downturn.
By PF you mean EPF? It can be taken out?
Yes@@codedusting
Never consider PF money for home purchase. It is for retirement.
@@codedustingYes, only if you are unemployed for continuous 3 montht
Main apko batana chahta hun kay aap ki yeh videos/advise bohut say logon ki jin ko aap jantay bhi nahin hain na shayad kabhi janaingay unki zindagee ko bohut trouble say bacha rahee hain, thanks for making these videos. Love from Pakistan.
You are one man on a mission to guide/assist/empathise retail buyers and investors. Big respect to you.
Very solid advice! Having at least 35% of cost is essential for ready possession homes which covers 20% down payment, 10-12% for registration/interiors and rest for contingency. The math changes totally if one goes for under construction as builders lure buyers by offering subvention scheme etc.
The biggest fear should be of medical emergency in today's world. Medical bills can go beyond one's imagination!
Medical insurance already exists 😂
@@bunnyman_5454 you have no idea how little is covered, especially in majority cases.
Get a better insurance plan first@The_average_entertainer
Jyi fyi for corporate people watching this video who think 1.1lac is high salary, the gala general shop owners outside large society's make more than that, not in town in far off suburbs like vangni, they mostly own flat in the same society which reduces travel time to 10mins
Right. Absolutely right. We can't predict future.
Just so you know, people who generally buy house are the married ones especially in city like Bangalore and both husband and wife are earning. So providing 80k emi seems easy as couple easily earn more then 2 lakhs per month.
1 cr flat lene se phele ye to socho ye falt merko kyu lena hai, resale mai low cost wale flat mai kyu nhi le sakta. Better option to save 50% salary as loan and 50% as saving and personal use. On top of this family members should also contribute for minimum earning for everyday work. Plus there should be backup of HEalth policy and medical emergency. Kya pata kam musibat aajaye. Better to learn good saving and invest plan and try to compromise with our need, Dream big with realistic approach.
Superb knowledge sir ,,,u r too good ,, everyone shud understand this before buying properties on loan 👍
My suggestion would be
First only buy ready to move in oc received property
Second to build an emergency fund which includes EMI + monthly expenses for 6 months to 1 year depending on your job/profession
So that if something goes wrong you don't stop paying EMI as well have some money for fixed monthly expenses
Sir, sorry to disagree but 1.4 lpm salary mei bhi aap sirf 60 lakh ka hi home afford kar payenge (given no other EMI). Rule says good finance sense me u should only have 30% of salary as all EMIs.... so iss hisaab se 80L loan for 20 yrs @ 8.75% rate will give ~72000/ month of EMI. Which means apki salary kam se kam 2.36 lpm hona padega! lol
80C benefits for housing loan and interest under Income tax is available if you choose the old option. So, buying a flat for tax savings is to given double thought. Always go for ready construction flat and not under construction, although the price for ready construction is little higher, but it is worth than going for under construction
Sir aapko sunte sunte price double ho gaye .. rent 22 se 45 ho gaya ab to rent bhi afford nahi ho raha
Are bhai😂🤣🤣🤣🤣
Very informative video for early buyers!
Very nicely guided. Thanks sir!
Flat mein koi dukan, hotel, ya paying guest nhi rakha ja sakta....
Sirf rent pe diya jata hai jo khud ke liye hi loss making idea hai. Toh isiliye thoda patience rakho, rent pe chhota ghar lo.... Aur 4-5 ke liye free ho jao, phir 1 crore mein se 5-5 lakh ke do pickup van lelo usase 30-40 k monthly aur rent pe koi shop chalao.... Mainly hotel ya mess kuchh logo ko rozgar bhi mil jayega.... Total spend hoga 8-10 lks phir sookon se kamao 2.5-4 lks monthly agar city mein ho tab..... Meine bhi panvel mein Jayram bhojnalaya khola 2022 mein tab covid bhi khatam hogaya tha.... Easily dukan mil bhi gaya aur khana banane wale bhi mil gaye local ke.... 4-6 mahine baad bina advertisement ke hi bhid badne lag gayi aur 2023 aug ko 1 aur baju mein sata hua galla lena padh gaya... Achha hai mein flat nhi kharida.... Us time😊
Meine shop se 5 km door zamin leke apna ghar bana liya Akurli(panvel) mein. Waha bhi meine ek Honda 2 wheelers ka ka showroom khol loya....
Ab mere monthly income 18 lks hai minimum aur bhi business mein invest karne la soch raha hun jaise khud ka ek bada dairy farm kam se kam 10-15 buffaloes aur 5 cows se shuru karunga... Thoda aur piche gav side mein panvel ke... Target rahega 2025 ke end tak khol hi lu😊
Jo bhi flat lena hai lo lekin kam se kam rate pe kharido phir apna renew kara lo aur bache paise ko save karlo ya invest karlo dukan kharid lo kisi ko de do jaan pehchan wale ko.... City mein sidhe aake ghar mat lo zamin bech kar....
Golden words....thanks for advice
Sir I have a question regarding redevelopment project... there is a well known builder who is planning to redevelop a society but what we have noticed he has twice changed the name of his company what could be the reason behind this? please guide.
Always try to purchase anything
If you have the amount in your pocket , don't go for loan. So no tension in life. 😊. Try purchase house or land not flats.
Completely agree to this
Your house cost should not be more than 3 times of annual family income post tax. + Keep 12 EMIs and Emergency contingency fund. Applicable for people who are in late 30s onwards. If experience is 3-4 years someone can take risk.
I am living on rent @ 20k in 1.2 crore flat....and invested same amount. Simple calculation, by investing 1.2 crores (though my investment is in equities) suppose I am getting basic FD returns, it is 70k per month. So ultimately by paying 20k rent....i am net net 50k extra getting. Happy with this way and will buy house when I have corpus of atleast of 5 times of the house value.
Wonderful suggestion!
1. for purchase as Investment: His advice is good.
2. for purchase for end use: advice may backfire due to rising rents/inflation , specially if you have not crossed your 30s
Sir , do videos in english as well or atleast give english captions...not everyone in india understands hindi... btw keep up the good work.
Who here with salary 1lakh+ salary?
No bro😂
That's called farsightedness 👍
😂😂😂 but paying emi is always a headache, solution will be only purchase small but without emi in cities and try to invest in business in partnership or buy own shop, property se paisa kamana hi ek achha investment hai warna paisa lagake paisa nhi bana toh khud investment loss making ban jata hai 😊
hello @Krishnaraj ji Namaste : could you please make such informative video on "credit cards"
who should get one (or not at all), what are pros/ cons, is it very useful under any circumstance, who should avoid, what are the terms and conditions you should check out for, type of card to get, and what we should watch out for .. there are few videos on this topic but nothing conclusive i found. thank you
Cost of flat is 1 crore
Monthly maintenance check?
Check the same flat on rental?
It may be Rs 35000/
If salary is 1 lac, stay on rental
Put 25000 in mutual funds for 15 years
After 15 years, you can buy same flat.
Think before buying flat when you don't have money
Nice explanation
Nice Video😊
ye sari videos dekhte dekhte 50lac wale flats 1cr ke hogye😂😂😂
Tu agent hain na ?😅
1 cr lene k tym but selling k tym broker bolega abhi real estate ka value low he.
Salary increment ho nahi Rahi aur tum 100 percent increase kar do end user milaga hi nahi
😂😂😂
4% salary increment to aise detey hain jaise salary double kar rahe hain.
Saath main chaar kaam aur pakda detey hain.
Put 1 crore in Fixed Deposit. You get 7 lakhs minus 2.1 lakhs tax. You get 7 - 2.1 = 4.9 lakhs. With 4.9 lakh you can live on rent. Plus your 1 crore you still have in your account.
That's true initially but rent will keep increasing but 1 cr will remain same and the value of money also decrease with time
@LifeCharcha put 1.5 crores then. If I had 2 crores I would not buy a flat but rent one. Finding a rented place is also difficult but finding a good reasonable flat is also difficult. The builder spends only 30 lakhs to make a 600 sq ft flat but sells it for 1.5 crores.
For that you need 1 crore. People usually buy flats on loan
@@pawanh-lz8dj I know. Loan you end up paying a lot of interest. I meant if you have the money then better to rent than buying. Invest some money in a long term mf incase you take a loan so you can pay off the loan faster.
Most foolish decision to buy real estate unless you are movie star like Akshay Kumar, Prabhas
Sirji 👍 agree
You should not spend more than 30% of your total bank balance on residence.... Thats it... Ab hisaab laga lo kisko kitne ka ghar kena hain...
Sir,
Amit sangwan @sango sir ke saath colab podcast kariye,pl
This guys views are opposite to Amit Sangwan's I feel.
His views are quite rudimentary, nothing new. Old ideas which are completely absolute.
Amit Sangwan is a real GOAT when it comes to real estate investment.
90k EMI with 25 months emi as backup. And 60% emi of salary. Is it ok .?
Not good if your EMI is 60 percent of your salary as the banks will not approve the loan if your FOIR is above 40 percent. Check with the banks for the exact figure
@@rohitjadhav4529 bank already approved
Hi Sir, please make video if we should invest in the ongoing CIDCO Lottery for locations like Vashi, Kharghar, Ulwe, etc.
Thank you.
Sir why buy flat?buy independent house may be in remote place but it gives satisfaction..in cities live in rent don't buy a flat just because u work in that city.
Outskirts Independent house is not a good idea. Who afford house of crore plus wont stay in remote areas due to lifestyle. Maybe as 2nd home its a good idea. Independent house has its pros and cons. No security. No infrastructure. No good education institutes around. Bad roads etc etc
Sir aap sahi batte ho
Urban naxal kyu likha hai???
Kyunki voh Modi supporter hai
@@nishantd7827 😂😂😂
JOH PUBLIC KE SAATH HOGGA USSE SYSTEM KE KHILAAF MAANAA JAAYEGA 😅 ISSLIYE URBAN NAXAL😢😢
Nice video
I buy a crore flat only if I have a crore in the liquid assets. Take 20L as loan but utilise 20L in investments.
sir ek real estate ka masterclass video laaye
Agar sirf 20 lakhs hai jo down payment mein de diye toh registration, stamp duty, legal paper work fees and miscellaneous other expenses kaise pay karoge?
u r assuming tht the rent will remain constant for 18 years 😂😂
I rent case we can move any other area but ...
For 80k emi one should have atleast 2.5 lpm salary
Poori zindagi ki kamayi sirf 1 flat me aur khaane me khatam,,to Baccho padhaana,shadi karna,additional haisiyat bnaane ki to soch bhi nahi sakte
His financial calculation is underpinned by assumption of financial discipline(less inflation) and trustworthy regulation, sustainable economy under NaMo BJP govt. His actions have more trust than his words
BJP bhakt spotted
By actions, the author of this channel seems to be a NaMo bhakt and pucca capitalist and wants a good and secured life for his family and children.
?soldsbitime place purpose programmable cbdc slavery safaesi act land grab coinage act development=destruction, depopulation NRC CAA
💯
Main 5 lakh mahina kamata hu kya main 2 cr ka flat le skta hun
Sach me kya karte ho
@@Hit139 metal business hai
Agar phele se kuch major burden nai hai, to le sakte ho bhai
Yes, you can
Bhai agar inhand hai toh fir thik hai. 180000 ka max emi jaata hai. But bhai carpet area aap aapke family member ko dhyan mein rakhkar hi decide karna
Urban naxals ki baat nahi Sunni chahiye.. Inki buddhi ulti chalti hai
Nort Indian side ke loge aate hi loan me fas jate hai us se aacha aap Goan me land lo
Mai yaha kr kya raha hu
?jobHAARP, Sun Dimming, Chemtrail, Blue Beam projects, slavery paper currency act Indian penal code loan land grab