Though i am from NCR region , but loved the podcast starting from history of Bombay to rating of Mumbai localities Really insightful and knowledgeable session ✌
Prices do not come down for the following reasons. 1) Government makes more on Stamp duty. 2) Banks make more on interest payments as prices rise 3) Builders make more profits 4) Agents make more in commisdion 5) BMC gets more as development charges. Only one suffer is customer. All others make money on high property prices.
No mention of local Marathi, Konkani, Koli, Irani Parsi, Bohra community, Bene Israeli, Sindhi population ? Only Marwari and Gujrati community didn't make Mumbai.
11:00 Mumbai history is much older than Portuguese.. there is one marathi video where one guy who conducts historic walks in mumbai was explaining that nala sopara is mentioned even in bible.. there were small ports in mumbai areas. It got a major boost when usa - england cotton trade shifted from mumbai uk.. after the boston tea party. So mumbai is definitely very old in terms of trade and history.
I usually refrain from commenting on CZcams, but this, if true for most parts has been an increasingly knowledgable and a mentally stimulating podcast. Great work
Brother its not Bombay, its MUMBAI . We as maharashtrian will always be proud of our God " Raja Shiv Chatrapati Shivaji Maharaj" so we as a part of mumbai have all the rights to call this mumbai our's. No sindhi or gujrati or any other made this Mumbai as "Mumbai"
This was a great podcast. I watched and got so much knowledge about real estate in Mumbai. I recently bought a house in Mira Road and was thinking of changing so hopefully in your next videos I may get some ideas. Really nice video and very informative. Keep up the good work. All the best 👍🏻
Out of how many under construction buyers did get home is very less Under construction small developers is biggest benefit for budget home buyers because they sell in small margin than big developers If there is only big developers and buying is after only completion of project then think what will be rate as supply will be controlled by big developers This is nobody thinks
40:45 Very true. Mumbai can never be squeaky clean. It might be even more dirty, and ppl have gotten better at maintaining a narrative or a persona of clean.
From 53:54 to 54:12 😂😂😂 Two points to note - the sales process has become more glamorous now. Posh office with smartly dressed professional sales folks. Buffet meals and coffee and whatnot!! The problem is that all this increases the cost of sales and that cost is passed to the buyer. A very small 2 bhk costs almost 2 crores in most decent parts of Mumbai; a 3 bhk is 3.2 crores and up. In well-to-do households, my guess is that average household incomes are between 25 lacs and 50 lacs. How on earth are people taking loans for 2 crores and 3 crores on such incomes when they have so many responsibilities?!! What would happen to them, their houses and their families if the earning members lost their jobs? RERA - This is one talking point that is repeatedly touted as a huge benefit for the buyers and consumers. But, I feel that while RERA may have been intentioned correctly to protect consumers, the biggest benefactors today are the developers and builders. Here is my analysis: Earlier, UC properties used to cost half that of ready-to-occupy flats. The logic was that one paid a premium for eliminating risk associated with whether the UC property would get finished and handed over on time. But, now UC properties cost the same as ready-to-occupy flats, or they cost more by a significant margin. The difference becomes even more stark if you factor in the fact that you are paying almost in full for a property that you will get maybe in 3 years. I think this is happening in the following chain of events - 1.) Builder's engineering team gives him an estimate for finishing construction. Let's say that this is December 2025. Now any of us in engineering will realise that the engineering team's estimate already has hefty cushions built in for contingencies. So in our example, the engineers would have actually estimated that they will finish by December 2024. But, they add another year to protect themselves. 2.) Next the builder's admin team goes to RERA and submits a finish deadline of December 2027 to give themselves even more protection. So, now the actual cushion built in for the builder is 3 full years. So there is very little probability that the builder will miss this deadline. 3.) Then comes a 3rd layer of protection for the builder. However improbable such delays may be, the builder assumes that he will use up the 3 year cushion that he gave himself and end up missing the RERA deadline in December 2027 by another 6 months or an year. He then proceeds to build the RERA penalties for such infractions into the price of the flat. So, in the final analysis, a.) If RERA penalises the builder, then it is the consumers who ended up paying for the builders' mistakes. b.) In the more probable scenario of the builder not overshooting any RERA deadline, he pockets the penalties that he charged the consumers. Win Win for the builder all through. Buyers were getting hosed before RERA and they are getting hosed now after RERA. So RERA hasn’t made an ounce of difference to consumers; but has become a huge boon for developers.
If you go back to late 19th century Kolkata was the preferred place for the English as well as traders from across undivided India including Burma. This changed around 1940s and later after partition when there was large scale movement from Pakistan to India and the most attractive commercial centre was Mumbai by proximity. Kolkata was still very relevant till the 60s but the Communists ensured the steady decline of the city
Going forward the government will bring Long Term Tax exemption of reinvested property from current 10 crore to 1 crore. So this investment in property to save tax will not work in future. 6:08
Law & Order, the safety situation of citizens is very bad. And the Law & Order situation in Mumbai will deteriorate further because of population growth.
Good discussion, but not able to understand the person who doesn't know urban ceiling act is in the discussion. Young people need to know history before starting youtube channels.
@@AnvikshikiWithSatvik I am rude on my comment, sorry about it. How these big land owners avoided urban land ceiling act itself is big scam. It needs separate episode on itself.
Vasai ,very close to Mumbai/ Bombay was very prominent trading and developed centre in ancient Bharat. So please don't start Mumbai's history with Portuguese as many ancient caves and forts are found in present day Mumbai as well and that too in middle of the city.
Mumbai ke development mai sabse bada yogdan Maharashtra government ka hai ye baat Dhyan rakh. Or Mumbai geographicaly and historicaly Maharashtra mai aata hai GJ mai nhi.
Prices of Mumbai houses will not remain between 20,000 - 50,000 square feet. Prices of houses depend upon demand & supply. Demand will slow down as families have only one child and rich & HNI move to developed countries.
Mumbai has very poor infrastructure with overcrowded local trains, lack of buses, overcharging by Autos, Taxis, Cabs. With water logged roads, sewage water is open & overflowing, overflowing garbage bins nothing looks livable.
Most useless discussion ever. No facts nothing. Only glorification of Gujjus and Parsis. No mention of Marathis, and they claim they know everything about Mumbai.
Now only 25k parsis are living. Most left india. And gujju and marwaris have mostly baniya businesses not tech, service based, healthcare even Bollywood also most have businesses who give jobs to up, bihari and bangladeshis not to locals. Cuz they want cheap Labourers who work for more hrs. And locals dont work in cheap salaries. Due to less pay marathi actually go abroad. Hence now marathi send 35% remittance cuz due to low salary most marathi go abroad and settle there. Mumbai is also not good for business excpet retail, real estate and finance. Hence most startups from Banglore, pune, noida and Hyderabad.
We need all of businesses smal to medium size - not evryone should get into service industries. Not everything can be run on medical or IT industires. Moreover economy SHOULD NOT depend on medical or education coz they should not act like greedy corporations - they should have higher purpose and integrity which should be for knowledge and service - money should be enough to sustainably run the services. It is umpirtant but should not be a primary focus. Hospitals should be rated on level of service, integrity and research - people wilk automatically flock there.
@@AnvikshikiWithSatvik Dowry is an Indian concept but other countries and civilization too have similar concepts. Caste is an Indian concept but other civilizations too had similar concepts. I did not enjoy your questioning but that is just my opinion. The right question would have been " Dowry was there in western countries too??"
@@neerajsingh-fw8ob caste is not an Indian concept... Varna is. I do get your feedback but there's a way to give a constructive criticism but it's ok.. Not everyone is capable of that
@@AnvikshikiWithSatvik yes, not everyone is capable of questioning right. I did not write the comment for you btw. Caste is most prevalent in India now. Currently it is an Indian concept though not be indigenous necessarily.
Brother Mumbai ke development mai sirf Gujrati or Marwari logo ka hath nahi hai. Mumbai ke development mai sabhi indians ka hath hai aise ek community ka nam lena uchit nahi hai. Mumbai ko sabse pahle Britishers aur bad mai Maharashtra government ne develop kiya hai and Mumbai aur Gujrat mai bhohot duri hai Bhai Mumbai Marathi sanskruti se juda hua Sahar hai na ki Gujrati. Shivaji maharaj ke capital(raigad) ke area mai aata tha Mumbai per tab Mumbai island mai bata hua tha Mumbai vaha ke Local log agri and koli log tge jo fishing karte the. Mumbai ko Marathi roots developed kiya gaya na ki Gujrati. Ek baat hai ki Maharashtra government ne independence ke baad bhi outsiders ko attract kiya jiska parinam aisa hua ki Mumbai mai hi Marathi logo ko hatta diya gaya.log gujrat,bihar,Up,WB aur bohot jagho se Mumbai aane lage . Baki tujhe Marathi logo se nafrat kyu hai patta nahi ? Ek bhi point nahi bataya Marathi ke baare mai.😢😢
@@arnavrana4866Haa Bhai log Marathi logo se bohot nafrat karte hai. Agar hum Marathi logo ne south Indian jaise language ke basis pai rahne Diya to ye log Maharashtra nhi aate. Jalte hai saale 😢
@@Jayhind_948 baat ye hai ki marathi log paise ya kisi aur cheez se bikte nhi ha unke liye sahi kon sahi aur galata ko galat kehne ki imaandari hai bas yhi inko problem ki wo log galaat kam nhi krte unki tarah
@@arnavrana4866 Tumne sahi Kaha. Hum Marathi jara swabhimani hote hai Maharashtra par. Marathi log itne Ameer nhi hote jaise Gujrati hote hai. Per imaandari se Kam karte hai Gujrati jaise kisiko loot te nhi. Fraud nhi karte.Hum bharat mata ki seva karte hai army Mai jyada ter Marathi army hai jaise Gujrati ek bhi nhi hai.
Though i am from NCR region , but loved the podcast starting from history of Bombay to rating of Mumbai localities
Really insightful and knowledgeable session ✌
Thanks a lot😍🙏🏾
Real estate is the generational wealth. Mumbai proved it.
Prices do not come down for the following reasons.
1) Government makes more on Stamp duty.
2) Banks make more on interest payments as prices rise
3) Builders make more profits
4) Agents make more in commisdion
5) BMC gets more as development charges.
Only one suffer is customer.
All others make money on high property prices.
No mention of local Marathi, Konkani, Koli, Irani Parsi, Bohra community, Bene Israeli, Sindhi population ?
Only Marwari and Gujrati community didn't make Mumbai.
Correct 👍
11:00 Mumbai history is much older than Portuguese.. there is one marathi video where one guy who conducts historic walks in mumbai was explaining that nala sopara is mentioned even in bible.. there were small ports in mumbai areas. It got a major boost when usa - england cotton trade shifted from mumbai uk.. after the boston tea party. So mumbai is definitely very old in terms of trade and history.
czcams.com/video/nC3beYbH1DM/video.htmlsi=f-SvPgw-SM5P-o5S
Amuk tamuk podcast
Satvaahan dynasty
Where is nalasopara mention.?
Nallasopra 2nd dharavi..
Wherever you go, that matters in India or outside India, but Mumbai is in our hearts. I miss you, Mumbai.
The interviewer should learn to let the guest complete the answer before interjecting or asking a sub-question
I usually refrain from commenting on CZcams, but this, if true for most parts has been an increasingly knowledgable and a mentally stimulating podcast. Great work
Thank you so much 🙏🏽🤗
Mumbai pe phd karne ka sapna tha mera ek samay pe.
Vo to nai ho paya, par ese podcast ki madad se gyaan chokkas mil gaya.
Dhanyawad bhai
Thank you so much bhai ji🙏🏾🤗😍
Agyaan bhi mila.
Ye bewakuf video mei sab fekafek kiya hai.
Being Mumbaikar only real estate is expensive apart from that everything is affordable.
Always seen vishal hosting the tenant... Good to see him tell stories about Bombay.
Brother its not Bombay, its MUMBAI . We as maharashtrian will always be proud of our God " Raja Shiv Chatrapati Shivaji Maharaj" so we as a part of mumbai have all the rights to call this mumbai our's. No sindhi or gujrati or any other made this Mumbai as "Mumbai"
This was a great podcast. I watched and got so much knowledge about real estate in Mumbai. I recently bought a house in Mira Road and was thinking of changing so hopefully in your next videos I may get some ideas. Really nice video and very informative. Keep up the good work. All the best 👍🏻
Building name ?
Wonderful podcast.....please come up with more contents like this
Usually good topics don't get views.. Hard to sustain, no? I will try to bring nuanced topics but let's hope
Out of how many under construction buyers did get home is very less
Under construction small developers is biggest benefit for budget home buyers because they sell in small margin than big developers
If there is only big developers and buying is after only completion of project then think what will be rate as supply will be controlled by big developers
This is nobody thinks
Excellent video .
Would also like Vishal to talk about BmC corruption in it . A substantial portion of price would be because of high corruption
Very interesting podcast - Thanks !!
Thanks for listening
Water shortage, pollution, lack of civic amenities and rising crimes will make Mumbai non attractive.
Nowadays everyone is living in fomo !!
Mumbai is overrated & overpopulated i don't know why the hell people wanna live in Mumbai ?
You are Right! Only old mumbaikars are halla-hulla about Mumbai. Nobody new wants to come here.
1:16:24 Andheri west link road is like Nigeria of India 😂😂😂
🤣
excellent video
40:45 Very true. Mumbai can never be squeaky clean. It might be even more dirty, and ppl have gotten better at maintaining a narrative or a persona of clean.
💯💯
From 53:54 to 54:12 😂😂😂
Two points to note - the sales process has become more glamorous now. Posh office with smartly dressed professional sales folks. Buffet meals and coffee and whatnot!! The problem is that all this increases the cost of sales and that cost is passed to the buyer.
A very small 2 bhk costs almost 2 crores in most decent parts of Mumbai; a 3 bhk is 3.2 crores and up. In well-to-do households, my guess is that average household incomes are between 25 lacs and 50 lacs. How on earth are people taking loans for 2 crores and 3 crores on such incomes when they have so many responsibilities?!! What would happen to them, their houses and their families if the earning members lost their jobs?
RERA - This is one talking point that is repeatedly touted as a huge benefit for the buyers and consumers. But, I feel that while RERA may have been intentioned correctly to protect consumers, the biggest benefactors today are the developers and builders. Here is my analysis:
Earlier, UC properties used to cost half that of ready-to-occupy flats. The logic was that one paid a premium for eliminating risk associated with whether the UC property would get finished and handed over on time. But, now UC properties cost the same as ready-to-occupy flats, or they cost more by a significant margin. The difference becomes even more stark if you factor in the fact that you are paying almost in full for a property that you will get maybe in 3 years.
I think this is happening in the following chain of events -
1.) Builder's engineering team gives him an estimate for finishing construction. Let's say that this is December 2025.
Now any of us in engineering will realise that the engineering team's estimate already has hefty cushions built in for contingencies. So in our example, the engineers would have actually estimated that they will finish by December 2024. But, they add another year to protect themselves.
2.) Next the builder's admin team goes to RERA and submits a finish deadline of December 2027 to give themselves even more protection. So, now the actual cushion built in for the builder is 3 full years. So there is very little probability that the builder will miss this deadline.
3.) Then comes a 3rd layer of protection for the builder. However improbable such delays may be, the builder assumes that he will use up the 3 year cushion that he gave himself and end up missing the RERA deadline in December 2027 by another 6 months or an year. He then proceeds to build the RERA penalties for such infractions into the price of the flat.
So, in the final analysis,
a.) If RERA penalises the builder, then it is the consumers who ended up paying for the builders' mistakes.
b.) In the more probable scenario of the builder not overshooting any RERA deadline, he pockets the penalties that he charged the consumers.
Win Win for the builder all through. Buyers were getting hosed before RERA and they are getting hosed now after RERA. So RERA hasn’t made an ounce of difference to consumers; but has become a huge boon for developers.
You are asking very good questions but interrupting a lot and breaking the flow of good answers
MeanWild Real Estate Is Like Stock Marketing
If you go back to late 19th century Kolkata was the preferred place for the English as well as traders from across undivided India including Burma. This changed around 1940s and later after partition when there was large scale movement from Pakistan to India and the most attractive commercial centre was Mumbai by proximity. Kolkata was still very relevant till the 60s but the Communists ensured the steady decline of the city
Bangalore is now where near mumbai
Going forward the government will bring Long Term Tax exemption of reinvested property from current 10 crore to 1 crore. So this investment in property to save tax will not work in future. 6:08
Guest ka mic proper nahi hai.
Sumne me problem ho Rahi thi.
GRT podcast
Thanks a lot
I love mumbai
Mujhe laga Dinshaw wala sab kuch bech ke Ice cream ki factory khol di😂😂
Mumbai should have great development in mmr region
hi ... i am a senior citizen i got so much to learm today !!!
Law & Order, the safety situation of citizens is very bad.
And the Law & Order situation in Mumbai will deteriorate further because of population growth.
There is no way you will get an acre at Rs40Crs in Vikhroli !!!
Rs 10000/sqft in vikhroli.
I have a doubt.
But it might be possible.
Palghar kesa hai? Navi mumbai in general?
Personally, Palghar not currently
First to see
Mumbai property prices are not sustainable compared to per capita income of Mumbai people.
Interviewer is more knowledgeable than the Guest.
Good discussion, but not able to understand the person who doesn't know urban ceiling act is in the discussion. Young people need to know history before starting youtube channels.
Why can't one know something while doing a thing... & why should a person know everything? What's the goal of podcast then?
@@AnvikshikiWithSatvik I am rude on my comment, sorry about it. How these big land owners avoided urban land ceiling act itself is big scam. It needs separate episode on itself.
All developers are not same
Some give more what they say not in Mumbai
Vasai ,very close to Mumbai/ Bombay was very prominent trading and developed centre in ancient Bharat. So please don't start Mumbai's history with Portuguese as many ancient caves and forts are found in present day Mumbai as well and that too in middle of the city.
Bhai jaha pe paisa hai, vaha pe crime drugs etc rahega hi
True that
If Andheri West is Nigeria then wondering what Andheri East is ? Definitely Andheri West is obnoxious.
Select a developer having zero customers complaints simple
There is none
@1:77:40 Moye Moye ho gya :P
Mumbai and Dhaka are not the biggest cities(population wise
Yes... He meant crowded
Jese purano me sab devi devta ki stories connected rehti hai, vese hai ye sab land ki kahani hai 😅
Yes, for some reason.. We missed out on Mumbra devi. I realized now
In most cases builder's are goon's in Mumbai.
Angaar movie
Mumbai ke development mai sabse bada yogdan Maharashtra government ka hai ye baat Dhyan rakh. Or Mumbai geographicaly and historicaly Maharashtra mai aata hai GJ mai nhi.
Please get the facts right Tokyo (Population: 37,435,191)
Delhi (Population: 29,399,141)
Shanghai (Population: 26,317,104)
Sao Paulo (Population: 21,846,507)
Mexico City (Population: 21,671,908)
Cairo (Population: 20,484,965)
Dhaka (Population: 20,283,552)
Mumbai (Population: 20,185,064)
Main is crime, lawless ness will increase in Mumbai. Therefore people will not buy property in Mumbai.
कुछ शिफ्ट नही हो रहा... Govt just trying to attract businessman class their... But nothing works...!!
Prices of Mumbai houses will not remain between 20,000 - 50,000 square feet.
Prices of houses depend upon demand & supply.
Demand will slow down as families have only one child and rich & HNI move to developed countries.
Jay Maharastra...
Mumbai has very poor infrastructure with overcrowded local trains, lack of buses, overcharging by Autos, Taxis, Cabs.
With water logged roads, sewage water is open & overflowing, overflowing garbage bins nothing looks livable.
What about Lavasa? and Ambey valley city? Both are failed investemnts
Bhau hindi madhe kar na yar
Waste of time.Worst discussion ever seen
Most useless discussion ever. No facts nothing. Only glorification of Gujjus and Parsis.
No mention of Marathis, and they claim they know everything about Mumbai.
Haha mere dad ne liya tab me 18 ka tha or mila tab me 27 ho gaya lolololo😂😂😂
What infrastructure in Mumbai are you talking about? Haha.
Now only 25k parsis are living. Most left india. And gujju and marwaris have mostly baniya businesses not tech, service based, healthcare even Bollywood also most have businesses who give jobs to up, bihari and bangladeshis not to locals. Cuz they want cheap Labourers who work for more hrs. And locals dont work in cheap salaries. Due to less pay marathi actually go abroad. Hence now marathi send 35% remittance cuz due to low salary most marathi go abroad and settle there. Mumbai is also not good for business excpet retail, real estate and finance. Hence most startups from Banglore, pune, noida and Hyderabad.
We need all of businesses smal to medium size - not evryone should get into service industries. Not everything can be run on medical or IT industires. Moreover economy SHOULD NOT depend on medical or education coz they should not act like greedy corporations - they should have higher purpose and integrity which should be for knowledge and service - money should be enough to sustainably run the services. It is umpirtant but should not be a primary focus. Hospitals should be rated on level of service, integrity and research - people wilk automatically flock there.
Superb comment
कौन hai ye. Is he historian.
The interviewer is such a naive person. He asked lame questions "Dowry was not an Indian concept?"
Caste is not an Indian concept & you are allowed to ask questions.. You should always assume you know nothing
@@AnvikshikiWithSatvik Dowry is an Indian concept but other countries and civilization too have similar concepts. Caste is an Indian concept but other civilizations too had similar concepts.
I did not enjoy your questioning but that is just my opinion.
The right question would have been " Dowry was there in western countries too??"
@@neerajsingh-fw8ob caste is not an Indian concept... Varna is. I do get your feedback but there's a way to give a constructive criticism but it's ok.. Not everyone is capable of that
@@AnvikshikiWithSatvik yes, not everyone is capable of questioning right.
I did not write the comment for you btw.
Caste is most prevalent in India now. Currently it is an Indian concept though not be indigenous necessarily.
@@neerajsingh-fw8ob who is the interviewer then? Who is it for then?
Brother Mumbai ke development mai sirf Gujrati or Marwari logo ka hath nahi hai. Mumbai ke development mai sabhi indians ka hath hai aise ek community ka nam lena uchit nahi hai. Mumbai ko sabse pahle Britishers aur bad mai Maharashtra government ne develop kiya hai and Mumbai aur Gujrat mai bhohot duri hai Bhai Mumbai Marathi sanskruti se juda hua Sahar hai na ki Gujrati. Shivaji maharaj ke capital(raigad) ke area mai aata tha Mumbai per tab Mumbai island mai bata hua tha Mumbai vaha ke Local log agri and koli log tge jo fishing karte the. Mumbai ko Marathi roots developed kiya gaya na ki Gujrati. Ek baat hai ki Maharashtra government ne independence ke baad bhi outsiders ko attract kiya jiska parinam aisa hua ki Mumbai mai hi Marathi logo ko hatta diya gaya.log gujrat,bihar,Up,WB aur bohot jagho se Mumbai aane lage . Baki tujhe Marathi logo se nafrat kyu hai patta nahi ? Ek bhi point nahi bataya Marathi ke baare mai.😢😢
Shayad inke saath koi lafda hua hai jabhi inko marathi logon se nafrat hai
@@arnavrana4866Haa Bhai log Marathi logo se bohot nafrat karte hai. Agar hum Marathi logo ne south Indian jaise language ke basis pai rahne Diya to ye log Maharashtra nhi aate. Jalte hai saale 😢
@@Jayhind_948 baat ye hai ki marathi log paise ya kisi aur cheez se bikte nhi ha unke liye sahi kon sahi aur galata ko galat kehne ki imaandari hai bas yhi inko problem ki wo log galaat kam nhi krte unki tarah
@@arnavrana4866 Tumne sahi Kaha. Hum Marathi jara swabhimani hote hai Maharashtra par. Marathi log itne Ameer nhi hote jaise Gujrati hote hai. Per imaandari se Kam karte hai Gujrati jaise kisiko loot te nhi. Fraud nhi karte.Hum bharat mata ki seva karte hai army Mai jyada ter Marathi army hai jaise Gujrati ek bhi nhi hai.
Mostly Mumbai will be merged in gujrat
25:30 1 acre in 40 Cr is not possible if it already has a building built on it and not all area will be that cheap
True
Dear Repetition of word Bombay is harming your channel
Please Improve
Sorry but such pathetic camera angles... Can't see face from front...not at all comfortable to watch.
Modi aayega to to daam aur badh jayenge.