Why Are Real Estate Prices So High Right Now?

#NikhilKamath Co-founder of Zerodha, True Beacon and Gruhas

#IrfanRazack Chairman & MD of Prestige Group

#NirupaShankar Executive Director at Brigade Group

#KaranVirwani CEO of WeWork India

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#nikhilkamath #WTFiswithNikhilKamath #realestate

[asun]

Prestige selling 5.5cr 4bhk apartment on lake bed and they say it’s conservative. Like every family earning 3cr a year. Any prestige 4bhk in whitefield is above 4.5cr. They are taking away your next 5-7 years of appreciation. They have ruined the market and environment single handedly.

[RamasArrow]

Real estate is not for common man. It is for people with tons of black money. Politicians, IAS officers earn crores per day. As long as they make black money they keep buying.

[herewegoagain]

uncle sounds so frustrated. Developers/aggregators is where you can find the real greed. Real estate is at least 100% overpriced. All this splurging will come down crashing once inflation pops up.

[akshay]

You don’t build wealth for us, you are not doing us a favor. It’s just your livelihood, so stop considering yourself as someone who is contributing a lot

[abhishekbhagwat]

Guys keep your life simple. Save money till your retirement and purchase a land build home debt free. As our old generation people used to do. Even if we live on rent for our entire life we dont pay this much amount of money. I repeat stay debt free. Dont take loans. You will save money exponentially. These guys are ripping you left and right.

[jjrmech]

The smile on Kamath is not buying the uncle story 😂😂😂

[adityanahar]

They buy land at dirt cheap rate and sell for crores and tell that they do the hard work !!! Chacha sit at home and sing devotional songs no one is telling u to build apartments and suck up all the water from the surrounding area !! Hundreds of apartments in Bangalore are still pending and these guys ask extra time to finish projects Finish those projects don't sit and drink tea and coffee and stuff ur stroke suffered face and tell tht buyers r getting benefitted coz of u !!!!

[sagarsansare]

Most developers create shitty products and still prices are high because we have poor infra city connectivity. Mumbai prices are going to see rationalisation after the metro is fully completed

[worldofweapons]

Nikhil you should have shown them the average salary in Bengaluru and then the prices. we as buyers are only making builders and banks rich. there is no price control in Indian market. During covid and after covid salary hikes have not been as per market conditions. these builders are charging 2 CR for a 3 bhk with an average size of 1500-1600sqft. A person looking to buy a home has already existing expenses in terms of rent, school fees, monthly house expenses, etc. on top of that the first time buyer under the pressure and dream of owning a house if getting in this trap of builders.

[abhinandannuli]

Nikhil's reaction to "dont smile" stating "she is the one smiling" reminded me of my school days where we all used to do that whenever we're caught laughing by our class teachers

[mogver]

Greed is running high in real estate sector

[nikunjthakkar]

Uncle just agreegator don't take undue credits..

[bhuppi]

Buying flats is nonsense. First of all it is overpriced, second in places like delhi ncr, the construction quality is so poor that it will not last more than 40 years. It is not something you can give to your next generation. It is just air after 40 years. You pay maintenance monthly that you'd normally pay yearly for house built on land.

[dm]

Prestige 3BHK in Whitefield blr 2019 1.2 cr now it is 3.2 cr.

[loknathbehera]

Asking real estate developers "Are real estate prices are overvalued?" is like asking milkmaid "Have you water to the milk?".

[huntrz]

check the balance sheet, Prestige is working on 34% operating profit margin. If buyers are getting appreciation it is because builders are inflating prices over all by buying high and selling higher. They never believe in demand supply. Prestige is also poutsourcing everythign to contractor. Prestige is not doing the construction. Kalpatru is doing its construction.

[ayanhalder]

Yeah. The price is so reasonable. Which is atleast 1 cr. Home nowadays is only for millionaires. Not for those who make rs. 50k a month. Study shows only 10% in India make more that 25K.

[dixanshtiwari]

5 years ago 2bhk in Pune was 900 sqft space now 700 now they started making smaller and more pricier

[asun]

Uncle is frustrated with hard work and dirty work. Why doesn’t he just leaves this business 😂

[goyalsachin]

People need to stop buying flats at stupid prices for this market to learn a lesson. Nikhil & Nitin don't own a home (rather live on rent).