He Sold ₹20 Lac House For ₹5 CRORE! Lottery System BAN in India! #shorts

Episode Title: He Sold ₹20 Lac House For ₹5 CRORE! Lottery System BAN in India! #shorts
Produced by: FactTechz
Description: The lottery sale system for homes was a method where real estate developers or sellers would sell houses not through normal registration or booking, but by holding a draw. Instead of booking a house directly, interested buyers would apply and pay a fee or deposit. A lottery was then conducted to decide who would get the right to buy the property. This system became common when demand for housing was very high and supply was limited. Many people wanted new homes, especially in growing cities, but there were fewer houses available than buyers. Developers used lotteries as a way to manage the large number of applicants fairly, at least on the surface. Winning a lottery ticket meant a chance to purchase a house, which was often seen as a big opportunity. Over time, problems appeared. The system was criticized for being unfair, as influential people or investors often found ways to manipulate the process. It also encouraged speculation, with winners reselling their booking rights at high premiums instead of living in the houses. Governments eventually banned this practice, replacing it with more transparent and regulated methods of real estate sales. Subscribe for more educational content and unlock knowledge every day with FactTechz!


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