Don’t RENT A House, BUY IT

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Join me for an in-depth conversation with 2 out of 3 co-founders, Akhil Gupta & Saurabh Garg - of India's beloved company NoBroker, as we unravel their extraordinary journey towards building this prop-tech unicorn company.

In today's episode, we delved into a plethora of intriguing topics:

💰 Where to put 1 Crore in Real Estate?
🎓 The unconventional way of landing a software job in college
💼 Business model, how do they make money
💔 The heartbreaking story of attacks by local brokers
🏡 Rent vs Buy Controversy - A debate
🤖 AI in Real Estate

Get ready for an enlightening discussion! 🚀

Watch the full episode and share your thoughts in the comments below. Don't miss out on this opportunity to gain valuable insights! Join the conversation now! 🗣️👇🏻

Disclaimer: This video is for educational purposes only.

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Timeline:

[0:00] - Highlight
[0:46] - Introduction
[1:08] - Real Estate Investment: Where to Put 1 Crore?
[2:43] - Dubai Real Estate Insights
[4:05] - Akhil's Unconventional Job Hunt in College
[5:45] - Early Challenges of NoBroker
[7:30] - Domain Name Acquisition Story
[8:53] - Brokerage Reality in India
[9:25] - NoBroker's Unique Concept & Investor Challenges
[14:00] - Journey of Funding
[15:25] - Business Model and Revenue Generation
[16:45] - Battling Attacks from Local Brokers
[19:24] - Family Dynamics and Reactions
[21:10] - Rent vs Buy Debate
[25:45] - Ideal Locations for Home Purchase in India
[26:15] - Trends in Buying, Renting, and Luxury Homes
[28:23] - Role of AI in Real Estate
[29:21] - Co-Founder Conflicts

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Sharan Hegde is a personal finance expert who has been featured in Forbes, Economic Times, Mint, Times of India and many more. He is the Founder of The 1% Club, India's biggest finance community which helps people achieve financial independence.

#financewithsharan #finance #sharanhegde

[AveryFossen]

The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people—at least in California, where I currently reside—are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!

[catherinerea]

My husband and I were fortunate enough to be able to pay off our mortgage early. We were both still working, and took the payment amount that we had been using to pay off our mortgage faster and we put it straight into investments. We were able to retire early because of almost 7 years of putting away what would have been our mortgage payment as well as maxing out our 401K/403B plans. Thankfully we were taught by both of our parents the value of living within our means. Thank you for your advice. I know it will help people. we are interested in investments that could set me up for retirement, I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?

[berzishtjalnawalla]

LOL, No broker is not worth it, because most of the properties are listed by Agents themselves, so you do end up working with a broker and paying brokerage

[sahiriaralam]

HI SHRAVAN

I FOUND THE TITLE OF THIS VIDEO MISLEADING. YOU HAVE TALKED ABOUT INVESTING 1 CRORE IN THE 1ST 2 MINS MAYBE AND REST OF IT WAS ABOUT Nobroker and various other business aspects.

[itsalesconsultant]

Thanks Sharan, finally figured out why the Nobroker Platform technology sucks so much !

[jainammehta]

In this video they didn't resonate with the title of investing 1 cr where to invest they were just sharing their journey

[nfuel]

These guys jacked up the rents in bangalore by eliminating the market forces that regulated insatiable greed of landlords/sellwrs and expectations of renters/buyers. They say nobroker but recruit relationship manger who work as broker and charge for everything from property valuation to legal work just like brokers.

[externalbiconsultant]

i got an apartment in a UK (suburb of Manchester) for around 1.5cr INR. I don't see why India is expensive, given the water, electricity, road infrastructure problems back in India.

[kidseducation]

Good one even Nikhil kamath is saying that equity is frothy today and he is afraid of crash ...we need this kind of episode to know where an investor can invest

[aakankshabhatnagar]

What a wonderful video. Both of them were so humble and knowledgeable. Kudos to their conviction and courage of not giving up even in the face of adversity and seeing things through.

[VoldythingIsBack]

@Sharan, the least you could have said for courtesy's sake while sending them off (on video) is something like "I hope you will be able to tap into the other 97% of the market" or "Good luck with your future business".

This is only a Gyan coming from me who genuinely felt that you goodbye'd them as soon as you had enough content for your video.

Other than that, it was a great conversation. Thanks!

[hemanthkumar]

Good discussion. Some light moments will be required to ease the conversation. All the best!

[tagore]

Useless podcast. Clickbait title doesn't even discuss renting vs buying

[WalterWhite-ogwj]

Very bad advice of investment in Bangalore in intial few minutes.

1. Lack of water
2. Lack of Infrastructure
3. Companies have started migrating to tier 2 cities of India. Jaipur and Indore are examples. This will increase in future.
4. Sweet weather is gone. It is almost 40 degrees these days.
5. Many remote opportunities due to which less people are migrating than earlier which will suppress demand.

[pinakipikunag]

It is "Linked List". He said correctly. But your video editor made it "Linked JS" 😀

[inderpalsingh]

It is so amazing to see you talking to them. When all around the country many financial influencers including you say 2-3% rental yield, management hassles, why to buy property, do SIP play mutual fund mutual funds, bashing real estate left right and centre, how come a new found love for property

[AmazingVibes]

Someone tell stupid Karnataka government to focus on north Karnataka they must start developing one city like Bangalore instead overloading Bangalore

[ankitkukreja]

I hope they know that like all other websites theirs also have brokers listing their property now. So I don't think it's no broker anymore.

[lazycool]

Thanks Sharan alot for opening our eyes, we would love to work with you in any way possible.

[geetavengurlekar]

Depends how the ad is posted in their app..most sellers don't post all required photo and info. There is no way to ensure that ad is not posted by broker.