Two Shocking Secrets Builders Don't Want You To Know

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Under Construction flat-buyers are totally unaware that their deal is not a genuine FLAT PURCHASE AGREEMENT, but actually a MONEY-SUPPLY AGREEMENT. When builders say "Time is of the essence", they mean it only about your money, not about the delivery date of the property. Also, builders use the SECURITIZATION CLAUSE in the agreement to dilute their own direct involvement in the project, or to hand over the project to a third party, both financially and physically.
#realestate #underconstruction #agreement #propertyinvestment #realty #builders
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Опубликовано:

24 сен 2024

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Комментарии : 57

@MrBOND007BINGO 2 дня назад

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

@hb-ss1bs 2 дня назад

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 День назад

Wow, this is eye opening

@freeworld01111 5 часов назад

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

@darewin3847 2 дня назад

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 🙏

@AlokKumar-qz4jo 2 дня назад

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 День назад

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

@automationguy9942 2 дня назад

Under construction projects are a kind of scam.

@tonyrebeiro 2 дня назад

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 2 дня назад

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

@RamMohammadJosephKaur 2 дня назад

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

@prashanthb6521 2 дня назад

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

@infinity-cw3uz День назад

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

@redemptionneeded 11 часов назад

Take bro - no security involved

@ArunKumar-y6d1d 2 дня назад

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

@GudduRaja-n7k 2 дня назад

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 2 дня назад

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 2 дня назад

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

@GudduRaja-n7k 2 дня назад

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

@GudduRaja-n7k 2 дня назад

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

@mfdares1809 День назад

Agree with you Sir!

@thtanmoy22 День назад

Wah... Maza aa gaya sir...

@SanjayK-GoldenRatio 2 дня назад

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.

@xtrrtx5865 2 дня назад

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.

@factchecker2090 12 часов назад

Accurate Factual Information. TU

@kaddu2178 2 дня назад

Money supply agreement , perfect terminology

@joskalpur 11 часов назад

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.

@sudhirtalekar5464 2 дня назад

Krishji, Thank you.

@saienterprises1968 2 дня назад

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

@Modism111Yogism 2 дня назад

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

@rajivghatkar7836 18 часов назад

Greed and FOMO is why we fall in their trap.

@jagdishshetty2463 2 дня назад

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.

@kishoremirchandani8671 2 дня назад

Thanks Sir 👍🙏

@raji7741 2 дня назад

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 2 дня назад

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

@mohanrao6 2 дня назад

Only buy ready to move in Apartments.

@BrownByTasteProudByChoice 2 дня назад

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 День назад

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

@Bitragunta 2 дня назад

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

@saravanana4294 3 часа назад

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.

@mithunmahato309 2 дня назад

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 2 дня назад

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 2 дня назад

Hi Sir Can we purchase lands please suggest

@AlokKumar-qz4jo 2 дня назад

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

@vinaybhade7046 2 дня назад

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).

@khudafarishta3101 2 дня назад

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

@ajmonty91 2 дня назад

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

@khwajamdasim7630 2 дня назад

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,,😢