Advance Payment in a property deal is very common. Just to clarify that here i am not referring to advance payment or token money to initiate a property deal. It is must pay a token money or advance else there is no financial commitment from buyer's end to close the property deal. The quantum of token money, i discussed in my post on the same topic and may vary from case to case basis. In the idealistic scenario, after the payment of token money, the buyer should make balance payment only at the time of property registration. Unfortunately, we don't live in the idealistic world. Besides the ... Read More
4 Business That Can Take Advantage of Fear Factor And Distress
Recently, i was reading one of the research papers on Indian Business. Quite interestingly, the author highlighted that Indians are not willing to pay so easily. Be it a paid advice, convenience or online shopping. As i keep highlighting that one of the reasons for e-commerce boom is deals and discounts. The mobile wallet providers are surviving because they are burning cash. The research paper also mentioned how the business of one of the online grocery store collapsed by 40% after they introduced delivery charges of Rs 30 for orders below Rs 499. In other words, people are not willing to pay ... Read More
3 Fraudulent Ways To Repair CIBIL Score You Should Avoid
"My CIBIL Score is 523 and one of the agencies is promising me to repair CIBIL Score in just 60 days. Should i go ahead?". This was one of the queries posted by one of the readers of the blog. This individual i.e. Person A dropped a mail to me and mentioned that agency is demanding Rs 30,000 to repair CIBIL Score. His problem was that he bought a flat of Rs 1 Cr in Mumbai and paid booking amount of 20% i.e. 20L to the builder. The builder threatened to forfeit the booking amount if he is unable to arrange a home loan. He informed the builder the at the time of paying booking amount that his ... Read More
Buyers Beware of 5 False Promises By The Property Developer
For a property buyer, the Property Developer or Builder is the most important person in the life till the sale deed is signed. In most of the cases, the property developer occupies almost 100% mind share during the buying process. He may throw a lot of surprises and unexpected events in your life. Based on my experience with property buyers, i can conclude that hardly 5% property buyers are HAPPY with their interaction with the property developer. In this post, i am using the term property developer instead of the builder. The reason being, anyone, and everyone claims to be a builder. The ... Read More
Marketing Survey – A Gimmick to Influence Your Buying Decision
Recently, a big bang marketing survey was published in one of the leading business newspaper. The marketing survey was all about potential property buyers. One of the key findings of a marketing survey was that 2 out of 3 people are planning to invest in a property in next 12 months. The same day i received few calls and email queries. The potential buyers / investors quoted the reference from the same marketing survey. They asked me whether they should buy the property before the price starts increasing. While going through and answering the queries, i was thinking that marketing survey ... Read More
How A Retail Investor Can Find Out Stock Manipulation To Avoid Loss
Stock Manipulation may mean heavy losses for the retail investors. To be very honest it is very difficult for retail investors to find out stock manipulation. The best example in recent past i can think is of Surana Solar. I shared a dedicated post on the same, 5 Lessons from the debacle of Surana Solar. It is a case study why retail investors should stay away from such stocks. In my previous post in stocks section, i discussed stock price manipulation - Pledging of Shares is the key culprit. In my opinion, stock manipulation linked to the share pledging is organized and well thought through. ... Read More
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