Why Builder's 10:90 Payment Scheme or Subvention Scheme is risky for Under Construction flat-buyers
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- čas přidán 8. 09. 2024
- Sales teams of builders offer you 10:90 payment schemes or some other variants of Buy-Now-Pay-Later subvention schemes, sometimes in collaboration with banks and financial institutions. Such payment plans and offers are extremely dangerous to flat-buyers, not only because they cause loss of financial judgement, but also because they are vague and misleading. The real workings of these schemes have huge downside risks for flat-buyers.
ISSUED IN PUBLIC INTEREST BY
Krishnaraj Rao
9821588114 and 8169471229
krish.kkphoto@gmail.com
Twitter @BravePedestrian
Mumbai
#underconstruction #realestate #paymentplan #propertyinvestment
Very well explained sir. But please don't call yourself Urban Naxal. You are our saviour. Call yourself Krish.
Krish "The Saviour"
you don't know who were naxals and what they used to do & how. He has choosen apt name for himself
@@nitinkumar-iz5ux 😂😂 That doesn't sound right
@@KrishnarajRaoUrbanNaxal
Request if you can also create some awareness video around mivan construction being used across by builders and it's advantages & disadvantages
when god is evil then devil can attain the name of god...😅
understand the logicwa kid...
naxals have much higher moral standards than WHITE COLLAR REPUTED RESPECTED & ACCEPTED KILLERS like politicians, businessmen, celebrities....these respected criminals r real mafias of today's world 😅
I am believing ready possession price high or low doesn't matter. Minimum loan. Otherwise dont take. 10:90 or 20 80 not required. Krish sir well explained everytime 🙏
we new age home buyers don't know about this type of frauds thanks for sharing
bade shehron ki badi problems... i live in village and we build our home on our own land... but i love to hear these videos very educational
Very very good video. Buying a home is more of a social pressure. Being on rent for last 10 years in Mumbai gives me peaceful sleep without worrying about my job
I would rather suggest always buy ready to move flat. Don't fall in trap of investment while buying home.
Thanks for saving us. Some dealers are active on youtube, claiming themselves influencer and astrologer. Promoting these kind of schemes
Sango uncle?
@@kayem9465😂
@@kayem9465 😁
I have seen you on sango real estate what a small world
Krish sir, one Suggestion, if some serial producer can produce 30 minutes series of dharawahik on tv that could be telecasted on Sony tv, Zee tv etc. Every day ....these are the true stories that people face...instead of making useless saas bahu episodes, these topics should be shown on tv so that people, govt can do something to eradicate such cheating practices.....fir builder bhi 1000 baar nahin, 1 lac baar sochega ...kuch bhi faltu harkat dikhane se pehle.....salute you sir as always
I wish! But journalists of any mainstream media are not interested in going anywhere near these stories.
@@KrishnarajRaoUrbanNaxal @ very right because they afraid for their audit or govt put them in any scam or any charge on them that's why .... They closed their eyes...
No one is interested to show true picture on PAPER, TV etc. Most of the flats are owned/funded by politicians
@@KrishnarajRaoUrbanNaxal they are only broadcast anchors, not journalists
I think, buying a ready flat in one go will be better.
Buying Resale flat is best, even for RTM builders do make fraud.
Thank you sir for sharing your valuable knowledge.
Amazing explanation. Salute. Never stop exposing
Very nice explanation for hidden threats 🙏🙏
you are best sir apki advice se bohot fayada hua hai
This is not complicated at all! If you have to take a loan before you were supposed to, you have been fooled !
Very Deep information given from you.
Thanks a lot Sir
Mr Rao is a very good 😙 whistleblower !
This types of video needs to be trending but those who don't want these videos to trend can very much influence yt I feel..
Also, the 90% demanded is on "Application for OC" not OC itself, so if OC doesn't come in because of some discepancies commited by the builder, your money's stuck and probably gone forever.
Right not the 90 percentage , it's full percentage on temporary oc. Not on oc... buyers only go with ready too move in flat only. And never give them advance check , always make a check at same time or make dd with you and get the builder buyer aggreement on spot .
But NHB has banned subvention in 2019 by tripartite agreement. Nowadays builders go for 10:90 not by a tripartite agreement but very clearly mentioned in the agreement. I have bought recently under 30:70 from Lodha but they have clearly mentioned balance payment on OC receipt in agreement.
Can we connect?
Kris sir, CZcams channel knocking news mein aapki tarah youtuber news editor hain, Mr. Girjesh vashisht....aap ki thinking aur unki thinking , views sab kaafi match karte hain....aap unke saath milker kuch videos karwao , aap dono ke videos ka laksh ek hi hai, aur woh hai galat practices karne walon ko expose karna....
Subscribed to Knocking News 🙏🏻🙏🏻
You're doing social work sir awesome
Funny thing subrambuilders ad coming under this video 😂
Kehte hain chaand ki saair karwaoonga, le jaate haain najafgadh drain....sirr, aapko 10 % hee dene Hain bass 5 saal tak.... Aur 2 months ke baad 20 lakh demand karne lagte hain , agreement ke naam par..pehle agreement formality thee, ab agreement ki duhai dekar 20 lakh disburse karne ko bolte Hain... Fir pre emi ka dhoka, fir possession par dhokha......dhoka hi dhoka.....govt soti thi, soti hai aur soti rahegi....builder loot ta tha, loot ta hai aur loot ta rahega....dog ki dumm kabhi seedhi nahin ho sakti...jab pata hai, ki katega, toh kyon dog ke muhn lagna.....buyer log bhi iss harassment ke khud jimmedaar hain....Inka laalach hi inhe le doobta hai...baaki 2010 ke baad 1 in 1000 hi hote hain jinhe koi actual profit hia ho..makaan khareedkar..net result hai emi ke jaal mein fasna, bloddy bulder ki bakwaas baatein sehna...andar hi andar middle class har din marata chala Jaa Raha hai..
Builders ki bhasha dekhne wali hoti hai...offer of possession kehkar paagal tatha gadha bana dete hain aam mazdoor aadmi ko...actual possession ki jagah offer of possession bolte hain...Banda eggs khareedne bazaar jayr, toh ande wala kahega...aap payment kar do 10%. Shham ko andey aaney ka bill aayega, toh 90% poore de Dena....fir 11 baje dhamki deta hai, 20% aur do, fir 2 baje 30% mangne lagega..gir shham tak saare paise lekar kahega...andon ka bill(offer of possession) aa chuka hai....aapko ande baad mein milenge...pehle aap driver ka accident ho gaya hai raste mein, jara uske liye Dena 10% aur jyada....doctor ke liye bhi 5% aur, fir wo aayega kal, apne pariwaar walon ko chorkar, kitna risk lega,paairon mein pattiyon(band aid) baandhkar gaadi chalayega, aapko 20% aur Dena hoga warna aapka deal hatam.....kya aap aise ande waalon se eggs khareed kar body building karoge...body building toh bhool jaao , body hi nahi bachegi
Sir not the actual possession of flat , its just offer for possession letter but in that the flat is still not ready at that time they do inner work after the full amount paid, also they take that you you not claim on us if they delayed too... Delivery of flat or done registry too .
Builder take the amount on our goodwill and wealth , on very cheap rate from us. Also he forcefully said that you have to pay I not said you to take loan , our scheme is 10:90.. only . The system is running like this bullshit and everyone knows in knowledge of ministers, ias , police commissioner, but still it's go that illegal way...
After looking at your videos sir, I have given up the idea of buying a new house/ under construction house in mumbai. Now whenever I speak to a broker I upfrontly ask them to do not push for any under construction building.
Subvention schemes are extremely pathetic, do not go for it.
Sir Mujhe builder Bol rha hai 100% subvention ka.. he is saying he’ll pay the down payment plus all the EMIs but I’ll have to sell the flat to him later and he will just give me some commission. Does it look legit?
नेक्सस है बैंक और बिल्डर और system की
I have also been trapped in this scheme.
Haha ..wage example appropriately explained 😅
THE HIGHLANDS, AT GODREJ CITY PANVEL can you pls make a video for this project ?
Dear Krish can you pls make a video the highlands at godrej city panvel ?
I would suggest don't give more than 30 lakh for 1 bhk at Godrej City Panvel. It far way from Panvel station
@@vrishabhsanas1428 Property is ok , there is no issue?
@@vrishabhsanas1428what for 3 bhk ?
It is no in Mumbai but in Raigad district and super far away from Panvel
You would need inter city uber or ola to go there
Invest only if u ready to wait for 20 years for the development to kick start there
Sir which plan is best to buy house??
Agar flat turant mil raha hai to
Yeh builders logo ko laalach deke fasate hai.
100 log mai se 5 log bhi phase tab bhi builder ka fayda hi hai na.
Waise bhi builders kyu chahega ki usi k saath aap compete karo flats bechne mai.
Sabse badi problem hai ki public ko itna pata nahi hota hai or builders log isi baat ka fayda uthate hai.
Builders ko saare loopholes pata hote hai.
Kya aise hi sakta he ki 10% down payment deke 90% bank loan le sakte he?
Is it with all the reputed builders like godrej, Mahindra and tata housing also.
Yes everyone!
Hum kaise fight kar sakte hai builder se
Call me on 9821588114 and 8169471229. I will explain.
Hey bro why are you cursing people
LMBO
Back to you
Are you hallucinating?
Builder ka chamcha spotted 😂
😂😂@@JohnSmith-sl6eg
मुझे ये नही समझमे आ रहा है आपके खयालसे builder construction का business करते है क्या fraud का?
Fraud ka.....flat Dene se pehle dubo dubo kar loot te hain
Fraud. It is very good business which allows builder to keep people money 💰 next only to running the government in India. They just need to pay group of lawyers and salesman.
Sir
In your view what could be the most appropriate/genuine payment plan
Sir, how can I contact you ?
Call me between 2 pm and 6 pm on 8721588114 and 8169471229. Or after 10 pm
Guru Ji .. Resale property le li woh bhi no broker se direct seller se .. Shift bhi ho gaya .. Ye builder chutiya bana rahe hain .. Log pagal ho rahe hain isliye ye builder chutiya bana rahe hain ..
Kaha PE liya Bhai ? I m also searching in Mumbai. Pls let me know if u have good option available
@@amolsapkale2453 Mumbai to mumbai ha .. I am from Delhi NCR region ..
@@vinodtheminimalist I hope so I Will also got good Resale deal 🤝
@@amolsapkale2453 Waise to living on rent always a good option .. with the principal amount you can invest in land at your ancestral place .. In small town / district level great developments going on .. But it's an individual call .. My best wishes are with you .. Don't get trapped by sales team of builder .. Don't know much about Mumbai real estate (but I love Mumbai) but one thing I know yeh builders ki aukaat sab jageh ek si ha ..
this guy always speaks negatively!
It's all nonsense though 😊
builder spotted
Look at his hands on the video
What's wrong with his hands?
@@abjee1602yup..i also don't see anything out of ordinary
@@abjee1602Big hands
this guy is totally one sided and only talks negatively, he thinks we are all mad and do not know how to calculate the finances.
He suffered lots, so now he is trying to help others by sharing his experience. May be you are smart enough to calculate but there are many people who just blindly go without any planning due to fooled by sales team technics.
Builder?
Thank you Sir for your valuable Information 🙏