Indian real estate is a mess..Where are we heading to?

[tom bhayya]

17 minutes ago, snoww said:

10% emo kaani, 30% value tho registration vinna.

And he has a valid point. Malli amme appudu black party kosame vethakali. Ammi bank lo esukolemu, karchu pettalemu. Malli inko property konali.

private lands antey anthey untaayi, buy in govt auctions all white evaru vadhu annaru. appreciation kaavali cheap lo kaavali malla manamedho eeroju nyayam ga sampadinchina dabbulu unnayi ani ammeyvadu kuda nyayam ga undaali antey ela? manam private land amminappudu emanna full white adigi actual registration kadathaama? 

[VenkyBabu]

Just now, tom bhayya said:

private lands antey anthey untaayi, buy in govt auctions all white evaru vadhu annaru. appreciation kaavali cheap lo kaavali malla manamedho eeroju nyayam ga sampadinchina dabbulu unnayi ani ammeyvadu kuda nyayam ga undaali antey ela? manam private land amminappudu emanna full white adigi actual registration kadathaama? 

Private lands kuda market price Ki registration chesthe ipudu kattedhaniki maha ayithe inko 2 times Ekkuva taxes kadthamemo?

kani registration price thakkuva chupinchadam valla technically manam inka ekkuva Lisa avthunnattu... 1C property 30L chupisthe

[Anta Assamey]

[kumar4world]

11 minutes ago, VenkyBabu said:

Private lands kuda market price Ki registration chesthe ipudu kattedhaniki maha ayithe inko 2 times Ekkuva taxes kadthamemo?

kani registration price thakkuva chupinchadam valla technically manam inka ekkuva Lisa avthunnattu... 1C property 30L chupisthe

I agree your point, Lets say the land we purchased is going on a road layout plan, then what value government will pay? if you have higher registration value you can demand the amount equal to registration value otherwise they will pay government value which is way less and we will be in loss, but our mentality is we just want to avoid taxes short-term.  on the other hand even if we are interested to pay higher taxes, selling party won't allow that as they have to pay the higher income tax. Terms like "economy", "right doing" doesn't matter to both parties. We should have a shift in mentality I think.

[kumar4world]

35 minutes ago, tom bhayya said:

private lands antey anthey untaayi, buy in govt auctions all white evaru vadhu annaru. appreciation kaavali cheap lo kaavali malla manamedho eeroju nyayam ga sampadinchina dabbulu unnayi ani ammeyvadu kuda nyayam ga undaali antey ela? manam private land amminappudu emanna full white adigi actual registration kadathaama? 

I get it bhayya, but dheeni valla We are just pulling our economy backwards, we are hiding black money, I am just trying to understand why can't it be like other countries where everything is on the paper. Is it about mentality, or are we lacking in education? started this debate to see if anyone pitch their views and what they think are possible solutions. Imagine we teaching same wrong doings to our children. Oh well we should first understand that we are doing wrong!

[reality]

1 hour ago, kumar4world said:

I agree your point, Lets say the land we purchased is going on a road layout plan, then what value government will pay? if you have higher registration value you can demand the amount equal to registration value otherwise they will pay government value which is way less and we will be in loss, but our mentality is we just want to avoid taxes short-term.  on the other hand even if we are interested to pay higher taxes, selling party won't allow that as they have to pay the higher income tax. Terms like "economy", "right doing" doesn't matter to both parties. We should have a shift in mentality I think.

When it comes to black money/ tax evasion/ corruption, the change should come from top down, bottom up is not possible. When the government is doing right thing, it will be obvious where the tax payer’s money is going. But, I hope you know how fcked up our Govt is.

[AndhraneedSCS]

There are 2 reasons why govt wont increase property values 

 

1) Nobody will buy/register as they can never get into profits after spending so much on registration so overall, there will be very few transactions and govt will not get the money it gets now.

 

2) When Govt want to acquire a land, it has to spend wayyyyy more. 

 

Govt knows all this and is playing a game. We are just players 

[Spartan]

inka disco chestunnara e topic meeda.. 

[kumar4world]

6 minutes ago, AndhraneedSCS said:

There are 2 reasons why govt wont increase property values 

 

1) Nobody will buy/register as they can never get into profits after spending so much on registration so overall, there will be very few transactions and govt will not get the money it gets now.

 

2) When Govt want to acquire a land, it has to spend wayyyyy more. 

 

Govt knows all this and is playing a game. We are just players 

I like the second point. Thats true!!  coming to first point, for long term buyers, spending on registration is not a problem. Even if the registration value is high there is a work around for brokers to get profit through GPA. So it means govt is encouraging short time buyers, brokers etc by keeping the registration values low and profiting from frequent registration fees. So literally govt itself is not interested in boosting the economy and stopping the blackmarket. Some times it seems chicken and egg,  but nice points!

[kumar4world]

15 minutes ago, reality said:

When it comes to black money/ tax evasion/ corruption, the change should come from top down, bottom up is not possible. When the government is doing write thing, it will be obvious where the tax payer’s money is going. But, I hope you know how fcked up our Govt is.

Totally agree Bro, the change should come from top down, it makes sense!

[kumar4world]

12 minutes ago, Spartan said:

inka disco chestunnara e topic meeda.. 

come join the party!

[snoww]

1 hour ago, VenkyBabu said:

Bank lo endhuku veskolem ?

multiple people paina fds veyyochu ... mother , father , relation bagunte siblings kuda. More than 15L entho unte taxes kattali ankunta (idk)

Chinna amounts ok. 

But real estate now a days is mostly in crores. 

Banks are asking lot of questions these days if you deposit cash.