Two Shocking Secrets Builders Don't Want You To Know

[@MrBOND007BINGO]

He is correct, this is called Mortgage Backed security and Credit Default Swap and largely Investment banks have been doing it.

[@hb-ss1bs]

homr buyer is unsecured creditor. builder collects money, siphon off and goes to insolvency. home buyer pays but every asset land, tower in different stage of construction, inventory every brick, tile all are mortgaged. Funds so callected are siphoned off. then insolvency. If you want flat, never go for under construction. mortgage debt increases as it is based on market value. more delay means more market value and more debt. RBI guidelines on disclosure of mortgage is violated enmass by all banks including PSBs its organised white collar crime punishable 20 yrs jail in USA. FBI has cell to deal it. FBI has dedicaated hotline. Here no check balances. Regulator keeps eye closed. even RERA escrow fund going in construction has window of mortgage debt. Rera does not track mortgages. so every penny of home buyer is siphoned

[@LEONARDO-xs2ke]

Wow, this is eye opening

[@freeworld01111]

Lol…not really. MBS and CDS are entirely different things. Maybe watch ‘Big Short’ again? ;]

[@SanjayK-GoldenRatio]

That’s why always buy resale property from the actual owners where you can not only negotiate but also see the exact condition you are getting the house in along with the OC and all other important documents, this is the best way to not get scammed.

[@AlokKumar-qz4jo]

Excellent and very true. Trap hai, sab fas rahein hai. Mera to builder me do flat fasan hua hai. Under construction to Lena hi nahin hai.

[@LEONARDO-xs2ke]

You're brilliant. Absolutely nobody in india is making such videos.

[@05310759]

Krish bhai, MashaAllah, U are a crusader acting for d protection of middle class or lower Middle class, common masoom ppl. It is sad nobody is keeping record of how many families U may hv saved from entering into such disastrous agreements with Builder Vultures. However, by some way, I am sure Providence will reward U fr ur efforts. Thank u, sir.

[@anandayou]

Krish Ji, you are right, government should create/draft template agreement for all these, they can leave fillers for amenities promised, expected date of delivery or any project specific sections. Even if builder are getting creating these agreements then this should be run through and approved by government regulators

[@tonyrebeiro]

Very good, accurate advice. But the main reason why such Rogues (builders) survive and have the audacity to draft and execute such Criminal agreements is because there are many FOOLS, (Bakara) willing to fall into their traps and after some time, this style of Contract becomes the Gold Standard.

[@ramareddy3583]

❤❤❤❤ agreement 👍 ko koi samjh hi nahi pata hai Sabse badi baat toh yahi hai

[@darewin3847]

Salite to you sir for educating us with this raw and genuine advice. For a taxpayer salaried employee like me who pays huge chunk of my income as tax, this information is golden for me. Thank you 🙏

[@infinity-cw3uz]

Sir my request is can you please make a video on whether a middle-class should take education loan or not

[@redemptionneeded]

Take bro - no security involved

[@ArunKumar-y6d1d]

Make video on Hydra of Hyderabad which is destroying the Buildings which are in FTL, Buffer zone.

[@GudduRaja-n7k]

While you suggest to go for Resale deals instead of builder deals, please note that sellers often ask for HUGE Amount of Cash Payment. This is very difficult for a common working man to arrange such huge cash amounts. How should one deal with this problem ?

[@mrmba1119]

This is a big grey area. The sellers take sum in cash without detailed paperwork and then sell it to other parties at high rates. Not only your money is gone but you don’t get the property also

[@noahark3984]

Another thing. Builders are now making housebuyers to sign affidavits, indemnity etc . Such documents, being legally known as "deed polls" , are binding only on one party i e the party signing it. So, the builder escapes from it's obligations which correspond to housebuyers rights, while housebuyers get permanently trapped in obligations without any recourse to the builder.

[@suryakumarsharma6613]

Before booking flat ,you should see panalty clause for delay of project

[@automationguy9942]

Under construction projects are a kind of scam.

[@rishabhkapse576]

Sirji apke bare me aj hi pata chala hai mai real estate ke knowledge le raha hue apke 2 videos dekhe ab tak aur bahut accha aur sacch bataya hai apne real estate ke kale sacch ke bare me. apne ek video mai bataya hai under construction project nahi lena chaye apke hisab se par agar mai kahu ke koi India ka top 3 developer mai se ek hai jinka track record sabse accha on-time project completion and delivery dete hai unke bhi project mai risk nahi lena chaye? aur hum log residential property mai invest karne ka plan banaya hai same top 3 developer mai se hi ek hai South Bombay mai nearing completion project hai fir bhi apke hisab se bad investment hai? jarur reply dijeye shukriya.

[@GudduRaja-n7k]

Hello, Can you please make a detailed video on risks in a scenario where a buyer buys a resale flat near to possession property from an investor but has to pay to the builder as well as the investor and it looks like a multi party deal. Because these days in most of the near completion projects, the only option for a common man is to buy from an investor because all inventory of builder is already sold. Request you to please make a detailed video on this subject and help explain the risks involved and what are the best options to proceed in such case. Thanks.

[@thetruth3322]

You know the problem and you want a detailed information..... My advice is please make a deal and reap the rewards then you give a detailed information video. 😂

[@RiseUp_Again]

Stay away from such deals, it's a invitation to headache

[@GudduRaja-n7k]

@@thetruth3322 I asked Krish for his advice and not from you.

[@GudduRaja-n7k]

@@RiseUp_Again For any good near completion projects, everything's already sold to investors. What options we are left with ?

[@farhanahmadshaikh7175]

But sir we are paying in slab wise payment schedule. What are your opinions on this?

[@rajivghatkar7836]

Greed and FOMO is why we fall in their trap.

[@kaddu2178]

Money supply agreement , perfect terminology

[@RamMohammadJosephKaur]

Hi Krishnaraj, I recently read an article of how Adani is gaining large land parcels of Mumbai for cheap(many of which have been protected areas) under the guise of settling "ineligible residents" of the Dharavi redevelopment project. The article is from The Hindu /Frontline Magazine and is titled " The great Mumbai robbery: How prime land is being sold to vested interests on the cheap " . Would really like to know your opinion on it, or better through a video. Thank you

[@megatronus9309]

Very true.. he makes money on interest

[@sudhirtalekar5464]

Krishji, Thank you.

[@kankartata2501]

Sir, you are doing a great job. You are the only reason I didn't and won't buy Macrotech developers share aka Lodha.,,🙏

[@Bitragunta]

So, how to make a fool proof purchase deal ? Is it best to buy only when fully ready?

[@saravanana4294]

actually it is best to buy after it is built because you can see what is given and what is not. Only compromise is location of flat and size of flat if you are satisfied with less than most favorite floor or size. The price is less than others and you can find faults in flat and ask for discount. Moreover you can talk to existing residents and k ow the hidden problems. IT is the way to go.

[@thtanmoy22]

Wah... Maza aa gaya sir...

[@jagdishshetty2463]

MahaRera is pro builder not flat buyer. They are only helping builder the reason best known to them. I have seen a case where maharera given extension putting conditions. But the builder not fulfilling the condition. Maharera not doing anything for compliance. No work is going on the bldg.

[@prashanthb6521]

Deadly. People's hard earned money has no value.

[@xtrrtx5865]

Atleast the customer can ask the payments to be made plinth wise.. Of course the main point that one must always buy from an individual and not a builder always remains. and never to buy under construction.

[@DhananjayVenuri]

Brilliant analysis 😂.. Simple things lot of folks dont understand. In western countries the banks can even insure and bet for your failure on the loans they are selling and servicing.. Derivatives insurance instruments are even more profitable on cds.

[@mithunmahato309]

Bank sold loan for a under-construction flat. Later flat is not made even after 6 years because some portion of the land is now found disputed. Will the bank still charge EMI. My friend told that it happened with one of his uncle. My question is how can bank give loan on disputed construction of flats ?

[@Raj-tb7lr]

Normally bank doesn't not give loans to builder. They go in agreement that if the buyer buys a property they will give the loan from that bank first. Some good builder arr cash rich, they show assets and take loan but they won't take full loan. It's the customer only who takes most of the loan

[@VISHAL-rh7qx]

Hi Sir Can we purchase lands please suggest

[@mfdares1809]

Agree with you Sir!

[@factchecker2090]

Accurate Factual Information. TU

[@AlokKumar-qz4jo]

Bhai a contract nahi dadagiri and gundagiri hai. Law and court is on the side of gundaa and dada's and looters and hooters.

[@khudafarishta3101]

Sir want to know small building covered with 4 sides future m rent pe ja sakta h ?

[@kishoremirchandani8671]

Thanks Sir 👍🙏

[@saienterprises1968]

Sir sahi bat Hain,mere sath aisa hi ho raha koi help nahi karata hain

[@vinaybhade7046]

How the hell will our children buy flats once they grow up. We ourselves have so much difficulty. Unaffordable flats and so much of corruption. Our younger generation is screwed (not enough jobs and unaffordable flats for 85% of the middle class).

[@joskalpur]

Can buyer has option to change the agreement prepared and printed by the builder. They will say, if interested you buy else i already have another buyer in line. Only Govt. should bring laws in this regard to safeguard buyers. But builders have their own lobby protected by so called people's representatives voted by us. Thia is the sad reality. There is no unity among buyers or consumers.

[@raji7741]

It was earlier scenario, from 2017 we have RERA. Now buyer can complaint to RERA. Even if you know about Escrow account where builder has to keep 70% of their amount separate

[@mohanrao6]

Rera cannot do anything.can be bribed whole real estate is corrupt.

[@mohanrao6]

Only buy ready to move in Apartments.

[@BrownByTasteProudByChoice]

Don't be under the impression that RERA will fix everything. Builders don't care because RERA is another legal process, and customer can get justice, but it will take years. In the meantime you will lose your sleep and get BP , just to get your money back. Builders know that 97% people are not mentally in a position to fight it out, hence they continue their malpractices. In the worst case scenario they have to return the money with interest. Which is perfectly ok for them.

[@pannagroy875]

Visit poddar riveria Kalyan and poddar badlapur. Rera is toothless tiger​@@BrownByTasteProudByChoice

[@enigma7080]

All bank and builder are mafia. Bank needs builder to grow your business and buyer funds them. Buyer is murga here.

[@tiwaringp]

Some things are true but some are clearly exaggerated. Agreement to sale usually is linked to stage of construction. The payment becomes due only when building having your flat has reached a particular stage. Also, there are no escalation clauses that prevent rise in cost.

[@johndcruz840]

Even in construction linked payment plan 50% payment taken at podium level which is always faster and would complete by 6 to 8 Months and rest of the construction takes ages

[@ajmonty91]

Are bhai if anyone already have one property to live in then just go ahead and go for rental properties if you want to change your residence and use your capital to invest and earn instead …anyways buying flats is always a loss it is only land which have real value

[@Modism111Yogism]

Buying a flat itself is not good idea Rather staying on rent is cheap and logical as there are lot of risks in holding a property where exit is not guaranteed or may take substantial time There may be mobile tower or mosque or beer shop or police station or bridge or metro station planned near building...on rent it is very easy to exit ...owner is slave nowadays of billionaire people

[@aadityashaw6771]

Natural Law is supreme and any contract if not follow Natural law it will void

[@aa-gi4wx]

Tu class 12 ka exam de pehle ,natural law padhai me laga bacche.. yaha hoshiyari mat maar.

[@harishdaivagna5724]

Can. You. Suggest. Rara. Lower. In Mumbai

[@khwajamdasim7630]

If We decided to take Lodha,s Loda(Piston),, But he can use his friend's Piston also to make us cry without information😢This is Gang Bang,,Not Fair!! When we decide to take Lodha Piston,,We try to keep mouth shut and bear pain,,But Friends piston after Lodha how can we keep shut,,We will cry,,😢

[@versant12]

I have been in the industry for more than 15 years and I couldn't find any point in the video.

[@shivaji735]

Please ignore

[@manuk.n9284]

You are in a different planet then

[@sidd9111]

Pluto​

[@jagadishlambe9291]

‼️All Money Laundering

[@sportscityflat]

Apke paas koi option hai dusra ? Pura din negativity speard karte ho app.. apka biwi ko pata hai ap kya cheez ho 😢

[@HMWagle]

Always negative thoughts.

[@dipjyotimech6353]

Ur Totally incorrect. You should have not only pointed bad builders but also pointed bad clients who don't pay after work executed. Very toxic information and one sided information.

[@mayankpandey3006]

Sir could you please share your reviews on the projects developed by goverment agencies like nbcc under pm awas yojna

[@elizabethdias6174]

Sir l want to meet you in your office and your mobile number aslo my reguest