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Why YOU Can't Buy a House | Corruption in Property Market

From chasing tech titles to building your own identity. Check: https://www.scaler.com/?utm_source=br... #SCALER #CREATEIMPACT ****** Have you ever wondered why buying a house in India is such a costly affair? India has one of the most expensive urban housing markets in the world relative to its per capita income. Renting is much more affordable on the pocket, which is why a lot of young Indians are now deciding not to put their savings into real estate. While a higher interest rate on loans and significant taxes are reasons for the steep prices, there are much more sinister reasons also at work. Corruption is such a menace that nearly two in three purchases include the exchange of black money. And then there are nonsensical governmental regulations that stop the lands in our cities to be put into the best use possible. In this video, we delve into the reasons that make buying a house in Indian cities an impossible dream for many of us. ****** Sources: https://docs.google.com/document/d/1q... ****** Research: Mohit Priyadarshi:   / mohitprior   Editing: Yash Vyas:  / yashvyas24   Ajinkya Kawale:   / ajinkya.kawale   Channel Manager : Ajeesh Babu:   / ajeesh_babu   Want to work with us? Check this link! https://tinyurl.com/22pxjjtv ****** Liked the background music? I use Epidemic Sound. You can get a 30-day free trial using this referral: https://bit.ly/3A7bUx7 ****** 🗳Support on Patreon:   / sochyoutube   👾Discord:   / discord   🐦Twitter:   / mohakmangal   📷Instagram:   / mohak.mangal   👤Facebook:   / sochyoutube   ****** Playlists 🇮🇳Indian Society:    • Hijab: Ban Right or Wrong?   🗺Geopolitics and Foreign Affairs:    • Will China Invade Taiwan?   🧍🏽‍♀️Issues of a Young Indian:    • Are Indian Girls Bad at Maths?   💰Economy:    • How Kerala Changed its Economy   🗳Indian Politics:    • UP Elections: Why Are People Supporti...   🇮🇳 Discoveries of India:    • How Goa Joined India   📈Money, Stocks, and Crypto:    • Why Indian Youth is NOT Buying Houses?   ****** Creative commons: Unsplash Flaticon Freepik Videvo ****** Markers Introduction: 00:00 Reasons | Low Floor Space Index: 1:24 Reasons | Black Money: 5:06 Reasons | Bribery: 7:39