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SHIV DIXIT

CHAIRMAN - BITEX IND... • 1y

Idea For You Implement Now Fast So guys we all know that you don't have your personal home and you're living on rent. According to reports 35% Indian don't have personal home and 80% young Indian Don't have home they are living on rented home or a

Nishant singh

Software Developer • 1y

Bro This is a completely flop idea. First of all how you will arange such capital. At the end of the day, you will have to get loan to purchase them and then charging just 1% interest is not sustainable. Leave aside this, in case of economic slowdown if a certain amoubt of people stop paying rent then suddenly you will be bankcrupt in days. Also with such hogh price of property compared to lower rate of rent this model will and can never be sustainable. Just do a research before posting anything . Any model copied from US is not a business model.

2 Replies

Replies (2)

Nishant singh

Software Developer • 1y

Do you know what caused the 2007 economic slowdown. It was something similar bro many bank go bankcrup because they have given loan and people defaulted and since demand was low so prices were also low bank were not able to recover money even after selling the assets. So this model itself has fault. Also how are you going to get so much fund. Also do you know that in India property rate to house rent ratio is too low. Means a house with cost of 1.5cr will have monthly rental of around 40k rupees. So it would take around 25 to 30 year fo you to recover money of a house . Leave aside profit and inflation.

SHIV DIXIT

CHAIRMAN - BITEX IND... • 1y

If any people stop paying rent then according to agreement term and condition we will have the authority to seize full rent amount and home so we can sell that house. So There is no chance of bankcrupt .

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How many people here lives on rent in any metro or tier 1 city? How many of you will use an online platform which provides you services like rental agreement, rent payment, security deposit and withdrawal process, etc?

Need this (Will Pay)

Slightly Useful -Freemium

Will Use only if Free

Never Mind

Votes: 52

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