Jameel Mughal® replied on Friday, March 11, 2016 08:16 PM
It is very tricky business
It works only when price is increasing fast.
You do the pact with good dealer and dealer try to find a plot in good price and about 10 Lac biana is done. Dealer may offer you to pay 1/2 biana but not cost if had to buy the plot[some people don't like it I will explain it later]
Now dealer tries to sell the plot on profit. If he is successful he taken 40% Margin and investor takes 60% Margin.
If he could not sell in time then investor pays all amount and get transferred in his name. dealer does not get any commission.
The Good Point is that say they sell in 6 lac profit in 10 Lac investment, investor makes 360,000 in 2 weeks and dealer makes 240,000 in place of 2 sided commission
Down side is if Market is not flying fast then investor sometimes get stuck paying dues etc and price goes down then he bears the loss.
If dealer is also share holder in Biana Like paid 5 lac then his is share is 50%, He pressurizes you to sell plot in less margin like in 3 Lac Profit, threatening that market may fall. In that case he takes hidden margin like 3 Lac plus 1.5 lac and gives you 1.5 only and says what bad you earned 1.5 Lac profit by investing 5 Lac for 2 weeks. |
