This is the most baited question in real estate and many seem to have their own theories around it. Usually sellers are the next buyers and one who sells it buys something to avoid falling into traps. What have been some of the real estate experiences in exiting real estate and how to overcome them?
Does anyone know about this building in filmnagar? Almost everyone seems to have it however I still couldn't get the owner's number. Was hoping to pitch it to a friend who is willing to buy a property in that locality.
From highest level courts to lowest level regulators, the insider beurocrats play the role of matchmakers to create a win win model that enables sellers to park illicit wealth and the buyers getting an inflated offer. Then starts the game of blackmailing and extortion. God knows people escape or get trapped into a vicious cycle that never seems to end.
An anecdote on bureaucrats. From known experiences, several department insiders usually lay down principles on setting up traps only they can offer a solution to. Give in real estate, a surplus investors parks unaccounted wealth and gets away while the 'innocent' seller usually gets their accounts frozen and then there is a constant extortion to come out of the trap. We talk about AI audit and courts, while ignoring the most open secret of a deep web of interwoven syndicate that never gets accounted for. This doesn't seem to change ever. The only 'ticket' towards getting free is paying their bribes whether or not are guilty.
Just another day another scam. A 100 cr transaction was under reported for 8 cr. And here I am trying to find buyers to sell. My demon keeps whispering to just sell to a benami for a high price given the obvious win win nature. however I refrain myself due to the fact that such deals often lead to traps which are impossible to escape. Although as a seller I don't have to worry however nothing is ever sure in India. End of the day there's always a sunken feeling on what would be the way to sell real estate at the right price in the fastest possible way without getting into trouble. I guess it's a vicious cycle with no escape.
Nite: One thing that doesn't make sense is why would sellers accept 'black' on clean deals and how do they convert it into white or rotate it? I understand from the buyer perspective that they convert their surplus cash into white and sell it but what do these sellers do with their cash? Is it worth their mental agony to convert the cash into white if they plan to invest outside of india?
Just another day another scam. A 100 cr transaction was under reported for 8 cr. And here I am trying to find buyers to sell. My demon keeps whispering to just sell to a benami for a high price given the obvious win win nature. however I refrain myself due to the fact that such deals often lead to traps which are impossible to escape. Although as a seller I don't have to worry however nothing is ever sure in India. End of the day there's always a sunken feeling on what would be the way to sell real estate at the right price in the fastest possible way without getting into trouble. I guess it's a vicious cycle with no escape.
Im faced with two options given my 154 crores worth of real estate inheritance
Or
My goals are
Your suggestions would be invaluable.