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% ON MY EXISTING PROPERTY
The Biggest Problem in buying under-construction projects;
Ready Residential Property in India hardly gives not more than a 2% Return on Investment (ROI) in a year, and the only way one can make money is by investing in the under construction projects where at time the rates are 15 to 25% lower, compared to ready properties or existing properties.
80-85% of the residential properties market in India Metro, Tier-1, Tier-2 & Tier-3 Cities are sourced and dealt through Brokers, who are mostly interested In getting 3 - 4 % commission on the sold property who are mostly untrained to do due diligence thereby unable to give crucial information on the Project and the Developer. Due to this unawareness, many buyers and investors have lost their hard-earned savings and money.
Tell us your preferred property Investment Location ?BrokerOut.in verifies paperwork, approval plans, and commencement certificates and does due diligence before advertising any of the projects. Our in-house team of legal, technical, architect, and structural engineers submit data reports on the technical, financial, and viability of the projects, and only after being satisfied with the results does the team approach the developer for further negotiation on the bulk deal, where entire price benefits is then passed on to the buyers/investors.
GET HIGHEST RETURN ON INVESTMENT (ROI)
The question is does the Brokers carries out due diligence before offering projects to the buyers/investors in the under-construction project? Does he shares all the information that is crucial for making a decision on whether the builder project have all approvals in place? whether the builder have the required funds to take the project ahead as per the completion date so mentioned on the RERA Website? what is the history of the developer? whether the past projects were delivered on time? whether the developer had acquired Occupancy Certificates (OC) in his past projects? whether his running and current projects are being delivered as per his commitments ? who are the Directors/Partners and Investors in the projects? what if the builder is unable to complete the project?
KNOW HOW MUCH YOU ARE LOSING ?
Other Property Portals are mere listing sites with basic information on the configuration of flats, the average price per sq.ft., and the date of completion,
whereas BrokerOut.in gives detailed and exact property information that is crucial for deciding on buying property; exact property price, down payment, carpet area, developer market operating rate, spl. rate offered to BrokerOut, proof of prevailing market rate by showing current reg. agreement screenshot, rental income comparison with investment income screenshot, commencement certificate, current ROI% earning, projected ROI% earning, and earning per sq. ft. on the money invested in the property. The copy of the registered sale agreement extraction shown as “View Current Market Rate” gives authentication to the justification of earnings made in the property and proof of exclusive offer negotiated with the developer.
CALCULATE ROI% ON MY EXISTING PROPERTYThe argument is, why should the broker be compensated when he has only taken you to the building site?
The role of a broker is crucial apart from negotiating for his clients, he has to conduct due diligence on the projects before taking the buyer to the site, it is necessary to provide all approvals, documents, and permissions of the projects, and is also required to present a report of technical, financial, and legal aspects about the project, land, planning authority, and developer, whereas in reality the broker just makes you visit sites without giving you all the required documents. The broker is just interested in closing the deal, even if it involves making false promises. The brokerage charge ranges from 3 to 4%. For example, in a minimum 1 BHK flat for 1.50 crore, the broker receives a commission of Rs. 5-6 lakhs, which is indirectly paid by the client because the developer reloads it while taking this into account.
KNOW HOW MUCH YOU ARE LOSING ?
Real estate has made the most money!
It is the 2nd largest industry and the most preferred investment by Indians and NRIs due to land scarcity, appreciating value, the nuclear family concept, high disposable income, government regulations and policies, strict RERA Authority rules, and 100% FDI in construction. As observed from the government's ready reckoner / circle rate, real estate and land values have been rising steadily since Independence, making it a popular investment. So, Who is making the most money in this segment? Yes, the bankers, the developer and the wealthy investors are profiting while the end user gets nothing. Bet? your NOI is below 1.56% each year. Example; You buy a property in a metropolis, say Mumbai, Delhi...
| Property market value of approximately | ₹1.5 crores |
|---|---|
| Cost of Property: | ₹1,50,00,000/- |
| Down Payment: | ₹50,00,000/- |
| Loan Amount: | ₹1,00,00,000/- |
| Bank rate @ 9.25% for | 25 years |
| EMI on ₹1 Cr. : | ₹ 85638 (Check the Home Loan Calculator SBI Home Loans : EMI Calculators ) |
| Total payments made over the loan term : | ₹ 25,691,455.00 |
| Total interest payable over the loan term : | ₹ 15,691,455 |
| After 4 years you contributed only 4.99% as your Equity with principal outstanding being : | ₹ 9505374.00 |
| Whereas in 48 EMI you paid : | ₹ 41,10,624/- |
| TOTAL GROSS INCOME (TGI) : | ₹30000 X 12 mths Rent= ₹3,60000/- |
| Society Maintenance Charges | ₹5000 X 12 mths = ₹60,000/- |
|---|---|
| Flat Maintenance Expenses for a year | ₹10,000/- |
| Yearly Govt. Property Assessment Charges: | ₹ 25,000/- |
| 1 month Brokerage charges | ₹30000/- |
| Total Operating Expense (TOE) | ₹ 1,25,000/- |
| Net Operating Income (NOI) | ₹3,60000 - ₹1,25,000 = ₹2,35,000 |
|---|---|
| ROI on this property | NOI ÷ Cost of Property |
| ROI % Earning per Annum | ₹2,35,000 ÷ ₹1,50,00,000 = 1.56% ROI per annum |
| Whereas MBC Investors Earning per Annum is | up to 18-20% ROI per annum |