Why we Indians don’t trust ‘brokers’ (from a tenant’s perspective) 1) Brokers unnecessarily hype the rent (like he told an example where ₹95k ask went for ₹1.20L) 2) Since the brokers are not regulated, most of the tier A cities have goons or rogue people working as ‘brokers’ 3) Society/Apartment management committee or residents becomes the broker for the same society. 4) Even if you contact the owners directly but some brokers will pressurise to pay brokerage. 5) There’s a repetitive yearly brokerage rule which makes tenancy difficult especially in Mumbai.

@NareshUgaonkar

11 ай бұрын

Yup I have had experience where brokers have directly ran away with rent which they were supposed to give to the owner. Brokers need to be regulated.

@JayantAssociates-PRAMODVYAS

10 ай бұрын

In every industry you will find this type of people, why fingers only to brokers. 😅 big problem is we have no license policy.

@simransvlogs7

2 ай бұрын

becuase we bought property from paan wala watchmen or some local person

@ansariassociatesrealestate2284

2 ай бұрын

A Broker Run behind you, 1 Month for your Requirement ,in the end of month Buyer or Saler or Tenant say Now i have to wait some time or no budget or Let me discuss with my family and some time say No' 1 or 2 Months wasted time Result 0

@DBotFather

2 ай бұрын

@@ansariassociatesrealestate2284 Don’t do business if can’t handle ‘NO’ from a customer.

He is a known face in this Industry and if such a person talks like this, not sure why the real estate brokers even exist. 2% brokerage in this digital era for just showing the property, crazy.

It's not that only buyers can give brokers grief. Mine was the opposite experience. I recently sold a small flat in Mumbai. The broker who also earns a commission from the buyer decided to give the buyer my house keys so that he could do some Dussera ceremony in it without my knowledge. It was absurd as the buyer had just made a small token payment. Luckily I found out what happened behind my back. I was advised by my lawyer to take the keys back and change the locks. In the UK, it's against the law to have the same broker represent the buyer and the seller to avoid a conflict of interest. High time some rule of this type is also adopted by the Indian Govt.

Ravi’s sir style of working in a country like India is game changer. Very difficult dealing with Desi mentality.

Being in the real estate market for 4 years, everything Ravi says aligns well with my experience. It's a wild west and there is no regulating authority to look after this issues.

@raghav2787

11 ай бұрын

bro, REAL ESTATE REGULATORY AUTHORITY(RERA) is established under Real Estate (Regulation and Development) Act, 2016 ...is the regulating authority..kindly have full knowledge....I think you meant to say that real estate sector is unorganized, but it is not unregulated.

@asaadmohtesham98

11 ай бұрын

@@raghav2787 yeah, you got me there. They exist for the name sake.

@kapsin100

6 ай бұрын

Hey was a pleasure hearing about your real estate journey so far. Can relate with your experiences and your trials and tribulations very well. I'm a grey haired realtor myself with 30 years experience. Would be nice if we connect and exchange notes. Keep going. Cheers!

Enjoyed listening to this young man. I used to watch his channel for fun because of his impromptu comments and lack of preparedness. Now I know that he is a real man !

Currently in my 6 th year in the real estate Dubai market. Stumbled upon this amazing amazing podcast. It’s so crazy to see the similarities & challenges between the two real estate markets. Loved every bit of this 🙌

@bhushans7597

11 ай бұрын

Hey bro how can I get in touch with u I have sone queries regarding Dubai real estate??

Great interview. Good to hear from Ravi a great personality, who has spent decades together in this industry. His passion towards his work is truly inspiring. Every young person who wants to build a career in Real Estate must watch this.

Best podcast I've ever seen about real estate market , thankyou so much for bringing this kind content to us ❤

I dont think these folks add any value and take a cut from both buyer and seller which doesn't make sense. Ideally the buyer shouldn't be paying any commission. Its time to formalize this industry too and bring it under the regulatory ambit. Also the whole process should be made transparent with the transaction being managed by lawyers/firms whose responsibility will be to verify titles,kyc, identities, structural checks etc etc. The sale price of all properties should be freely available. It will eventually happen. Its shameful that even basic things like these had to left until 70 yrs.

@omanajz

Жыл бұрын

It's already happening, startups like nobroker are trying to solve this problem

@discomallu9769

Жыл бұрын

@@omanajz Awesome, 👍

@discomallu9769

Жыл бұрын

@@pv0315 true, I gave Nehru cachu and co a few years to chill before beginning the task of nation building. 😂

@sudhirnarnaware7556

Жыл бұрын

Maximum Rs.25000 per deal per side is sufficient as commission to these dalals which is what i feel personally

@youtubeaddict3041

Жыл бұрын

Right here he is asking for 2% for a 8 crore property which will come 16 lakhs for just showing the property. What value they add for 16 lakhs.

Ravi has given lot of practical advice and tips to many entrepreneurs! I initially thought he was a smug but realise he has gone through the grind and build some great principles of doing business!

@ashokdahiya8154

7 ай бұрын

Practical guide to real-estate ❤

The most frustrating part is even after paying broker the lease aggreement is 11 months. Which means more than a months of rent is paid on brolerage. Its sad. There is no long term lease like other countries

I am not an real estate agent but a buyer and I listened till that doctor's story. He was just trying to save some money which he earned by his hard work and he was doing it right in my opinion. I would do the same and I know 99% of Indians will do the same. We go to multiple shops before buying anything.

@snehal2671

Жыл бұрын

Indeed, it is a prevalent issue in our country-lack of integrity. Consider the scenario of dedicating an entire month to work diligently at your current job or business, only to be denied the rightful remuneration for your efforts because your employer is trying to save his hard earned money! Going to multiple shops is not equivalent to purchasing a property through an estate agent who offers kickbacks instead of staying loyal to the agent who initially introduced you to the project and assisted in narrowing down your options based on a thorough understanding of your specific requirements.

@youtubeaddict3041

Жыл бұрын

@Snehal Kolambe bhai no real estate agent is loyal to his customers, first thing they say is 5 other people are ready to final this by tomorrow, so book this property today itself. Otherwise, you will loose it.

@snehal2671

Жыл бұрын

@@youtubeaddict3041 I appreciate your perspective. It appears that a significant number of real estate agents resort to time-tested strategies, such as fostering a sense of urgency or eliciting fear of missing out (FOMO). These tactics may be employed in response to their inability to offer unique or superior professional services, hence their reliance on such overused methods that nonetheless remain effective. When I previously mentioned a lack of integrity, I intended for it to encompass both parties, including the agents themselves.

@mackisbrocklesnar

11 ай бұрын

indeed we go to multiple shops before buying anything but if you get an experience where one shopkeeper is honest and and upfront then we still stay and buy from that shop even if it costs a bit more for sake of sincerity and genuine attitude. after one such experience it someone again coz for cheaper deal then there is definitely lack of integrity and respect.

@youtubeaddict3041

11 ай бұрын

@mackisbrocklesnar bro property is not something that someone buys frequently, it's once or twice a lifetime or maybe little more. Tell me one thing if one customer is giving you 7 crore and other customer is giving you 8 crore so to whom will you sell the property? All integrity will be gone when you see the comission.

Two inspiration in single frame🔥

Ravi's voice is amazing.

Ravi is the guru! A big fan ❤

Great video! Although you could have asked him about frauds and disputes in Real Estate that he has seen over the years. That is also a major setback why people hesitate to enter into this feel. Anyways amazing podcast!!

@savageguy9701

Жыл бұрын

Podcast chalu karde bohot chalega

Real estate person is very right..he deserved the commission being a professional...This should be well defined and documented in the agreement.

Really insightful video.Would love to see such more podcasts in future.And would also like to appreciate Ravi sir’s efforts in building his business in a such disciplined and loyal way.

Definitely property platforms helps in deciding multiple options at one go

Watched only for Ravi bhai, Thanks Restless

Good Conversation... Pakka Mumbaikar talk show liked it... Only mumbaikar acan understand what Ravi is giving glance

Very Real, educating and helpful person.. Mr. RK !! You took out time to do this podcast without any returns... Hats off to you.

Government should start an escrow system for brokerage. This could be a digital public good like ONDC, UPI, etc.

@Harshtongya

Жыл бұрын

Hahaha.. was thinking of the same.

@sowjanyahrr

Жыл бұрын

In US escrow system is there

A very true perspective of the real estate world in Mumbai & Developed Nations !

Ravi has great presentation skill, lets your visualize the property.

These principle apply to every business.. Especially the doctor wala story resonated with me

Man just his voice is so good just look at host voice and ravis voice you see a stark difference i can hear him on the laptop speaker loud and clear but for the host i need a heaphone

Great attitude man. He is so clear and proud of his work. No one can stop you from being successful

@abhishek198213

11 ай бұрын

This is called toxic attitude!! Talks a lot abt the industry, unlike USA, where folks have education and class both to be a realtor :)

Love from NZ❤ Good podcast. Can relate to what he is saying. We are into real estate and we do face some similar kind of issues. Lot of love. Keep on growing.

He's very blunt and transprant very honest there is level of working caliber is a correct word . Amazing Ravi keep up that awesomeness absolutely flawless brother

Lovely interview..a eye opner into the real estate brokers life.wishing the Guest success always.

Very informative and well structured interview.

Would be interested to know more insights on these three: 1. Your qualification process on HNIs and middle class clients. 2. Your business model/process/strategy in metro and non-metro cities. 3. Is it a good bait to buy or rent (not rent out) a property at this time given that several "influencers" via social media says to go for rent?

Awesome Video Ravi Lot of valuable insight into the world of Realtors and how this profession flourishes against all odds. A very noble profession we are all in and yet get treated badly sometimes - but it takes all kind of people to make this world 😃

6% is the highest. It’s between 4-6%. Also the agents to split the total commission to 50/50 between smaller’s agent and buyer’s agent (if there is a buyer’s agent involved). All agents again pay some % to their broker.

Back in the 80s he purchased it for 50K in Juhu. The best salaries at the time of was Rs.100 to 150. So if you adjust the inflation, the value is pretty much same. I am not saying the decision was wrong to buy those properties but my point is, 50K then to spend back then was similar to spendinf 10-20 Crores

I think the approach followed by Mr Ravi is okay with top notch clients but protocols somehow trespass in case of middle income group reality requirements.

I really like his videos.. I pray to god that you will never get cheated in your business.. more power to you RK

@rkmumbairealtors I loved the way you addressed Dhakka, Dhokka and Dua. Became your FAN

Very nice conversation.

deserves a subscribe, waiting for knowledgeable content like this. all the best

very informative

Really nice and very honest interview Like the guy telling all difficult and telling really how to deal with bogus people ❤

Really Nice podcast Packed with a lot of information RK is a great guy.

Nice episode. Few inputs though, kindly increase the voice quality and picture as well. Video looks blurry lacking detail, also the voice of the host is too low, while rendering the video try to increase they output volume.

Is the video of only 10 seconds?? Have opened the link given on authors linkedin still the entire video is not visible. What is the reason and is anybody else facing this issue?

@Aah292

Жыл бұрын

It's a 1 hour 16 mins video.

@tarashri

Жыл бұрын

@@Aah292 hey no I can see only 10-11 secs of video. Few others in the comments are also facing this issue

This is one of the best podcast on Real Estate Industry.

Ravi sir's points are bang on. I too have returned back to India and with my father's support started Dunamis Lifespace, a real estate developer company. Had no idea how the industry worked, but God has been kind and our hard work paid off. We are developing multiple residential and commercial buildings at the moment. Wish everyone the best. Hope the industry becomes highly organised, transparent and ethical.

@Liberty55555

10 ай бұрын

ethical ? are u sane ?? so much money to be made and you want to talk ethics ? learn some thing about ethics and not just ethics itself lol

Paise Udata nahi hai 👍🏻👍🏻👌👌 It’s generational 👏

The title is serious “CLICKBAIT”

My big inspiration in this category ❤❤ i started my channel watching after Ravi Bhai

What I would like to learn from him is how he survived real estate mkts being so un regulated and sometimes unethical..

He is giving the vibe of a frustrated salesman who always blames the buyer

@sumedh235

Жыл бұрын

True

@soumil

Жыл бұрын

Mumbai mein aukaat nahin hai ghar lene ki, but still people watch see comment and enquire. Anyone woukd be frustrated

@sudheerkumar4886

Жыл бұрын

Can you tell me the percentage of ppl who purchase costly dress/shoe in a big shopping mall ??

@virajvrooms

Жыл бұрын

99% of business in India happens on trust except when Corporates are involved. "No group, no associations" is a common thing across. Heck, even unions don't exist in most manufacturing plants nowadays. If you are complaining about these things, you probably chose the wrong profession. Head back to the US.

@user-rh1vv3ss8t

Жыл бұрын

Don’t say anything about anyone unless you know them thoroughly. Work with him or in the same field, be the king and then judge. Pls it’s a request. 🙏🙏🙏

Rera has recently come up with a circular in Jan 23. Now it's compulsory for real estate consultant have to pass a exam and obtain Competency certificate for selling properties.

@miketakhar7296

Жыл бұрын

In India??

@DHC04

11 ай бұрын

@@miketakhar7296yes

@rajanathanc5468

11 ай бұрын

rera is toothless body

Good stuff...

As a Brokerb.this is the experience and pain we all have....... Thank you Ravi Bhai

Ravi is a gem.Loved the podcast

Great insights alot to learn🤗thankyou sir

Very very great informative video..💕✨❣️💯🖤

Bro incase you don't know you have to add TIME STAMP'S in description compulsorly. It makes audience experience better and convinent.

@vbnandu867

Жыл бұрын

Yes very much

He is frustrated which absolutely valid. When you do for your bread and butter and you still need to work for lot of fake deals. Its not easy to not to have frustration which is part of the business

Great Content. Please sort out the editing for giving a better experience.

Ravi Bhai daddo mazo aayo tawahkhe podcast main disi kare. Love you Ravi bhai😊

Yes. Real-estate is a good investment. Real-estate agents are connecting buyer and seller to complete the deal.

I am real estate agent from mumbai and i am agree with ravi sir indian government gives some protection on behalf of agent there is rera registration and everything and they charge money for that's certification something around 18000 but there is no protection giving someone is talking about this things i am so glad🙏

Same experience..i tried real estate for 2 years...

this real estate agents seems to have alot of knowledge & Experience we neeed more videos

Loved it . Nice session.

@59:32 The gem information 💎

I am a real estate agent and i am glad this is the first video on real estate agent business , thank you so much 🙏

@______kicj

3 ай бұрын

anybody interested near Mumbai bhiwandi Kalyan ke near land ki requirement hai to I will show you best land available land Mumbai nasik highway and also near samruddhi highway circle

A customer has full right to enquire and do his own research properly before buying anything especially a property/asset which is obviously expensive. He is spending crores, he isn’t obligated to give u a deal just because you are trying to close the sale. If his loss happens in that property due to some reason, would u take the responsibility to cover his losses? You aren’t a businessman if you can’t understand a customer and want to close a deal forcefully where he isn’t fully satisfied.

DO NOT USE "BENEATH ME" EVER!!!

@mackisbrocklesnar

11 ай бұрын

why are you screaming?

@RahulSharma-cn2gv

7 ай бұрын

Lgta hai ye wahi Doc hai 🤣

Real estate in India is an overrated investment. Rental yields are less than 3% here. Some people have a bias towards real estate or gold or any other asset class but one should remember having a well diversified portfolio is better.

@neelj5155

Жыл бұрын

Yet again one more guy with numbers which don't make sense in India..... Cause only black works in most real estate!!

Ur finance podcasts alws❤❤❤

Knowledgeable podcast .and this guy is very clear on his thoughts. hats off to his knowledge abt real estate

It's a surprise for me, I watched this video till the end, without get bored. Informative video , have good experience in real estate 👍

@iamayushshukla

11 ай бұрын

Glad you liked it.☺️

Tough job..i wonder why there are no contracts to protect brokers

He is rightly saying Client tag.i experienced recently with some brokers

Good 👍

Really this man is genuine nice to see the podcast superb experience 👍

Totally interested in real-estate. Going to the UK for studies-cum-earnings in pound. Hope the app would be ready soon so that my portfolio don't only hold equity but real-estate too

Ravi is awesome have been watching his videos desperately the way he goes indepth of the property while showing as if he is owns it the pros and cons of the product .

In short, time has come to do the document the terms between brokers and client/developers.

This is very nice explanation…

Also he should mention the bargaining that a broker does for a client, it’s more than commission that a client has to pay

Some issue with the video. Only a 10s part is uploaded.

@tarashri

Жыл бұрын

Yes exactly. I wonder how so many people are commenting that they have seen the entire 1hr 16 mins of the video I think the author has taken the video down due to excessive controversies.

@brendandsouza

Жыл бұрын

@@tarashri Its now Fixed :)

@brendandsouza

Жыл бұрын

Fixed

Sir, Why Andheri to Bandra ? Why not western suburbs?

Are ravi bhai ke age koi bol sakta hai kya😅😅😅 After his father passed away shayad unhone unki mohabbat main is kaam ko abhi tak bachaye rakha hai the way he learn things very inspiring someone with no mentor no help but he achive his success and gain knowledge how to work there industry I love to listings podcast very informative and lot of learning

Very well said that its a harsh truth the way these unprofessional and untrained people show the property and tag themselves real estate agent literally sometimes client gets frustrated 😠

बहोत फाडू इंटरव्यू था पर रियली in-depth knowledge wala है।

India mein Har koi real estate agent hai. Ye video mein se ek KZread shorts banao bhai. Waiting for such a long time

Podcast is good, Host need to speak a bit louder, I had trouble understanding

Thumps up for ravi kewalramani

Nice video 💯 eye opener

One of the best interviews

Direct money is involved in property commission unlike other businesses

Loved your video with Anshuman

Bhavesh Bhai with his Dmart walla Property Chaye on Podcast

Nobroker disrupted the indian mindset. Hear their tagline "brokerage kyun dena " listen it and embed it in your mind. The moment u meet a agent u will say " wont pay brokerage" . This has spiralled down where owner side commission has gone down. Not every owner is looking for "sole mandate ". Those days are gone where " samosa waale uncle " used to run this business. Unfortunately the old ways are still being continued.