RE/MAX Mumbai Gujarat Maharashtra Newsletter December 2013


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RE/MAX Mumbai Gujarat Maharashtra Newsletter December 2013

  1. 1. RE/MAX Mumbai Gujarat Maharashtra MGM NEWSLETTER December - 2013 RE/MAX wishes a Very Happy New Year to you all! HighLIGHTS »» Management Speak »» New Broker Associates »» Online Trainingdone in DECEMBER »» BO SPEAK »» Real Estate News »» International RE/MAX News Management Speak: Dear Associates, Wish you all a very happy new year 2014!! I welcome all the new affiliates who has joined RE/ MAX in the month of December 2013. Let us all make a resolution of New Year to take RE/MAX to a new height by doing more transactions and satisfying more customers. Small things like personal notes are doing wonders for those who have started using the same. Market is slow and before it takes off in coming months, let’s try and generate more and more listings so that when market bounces back, you have maximum listings to offer to those who are looking for investing or buying something. Slow markets is the best time to reach to more people by doing all cost effective activities and expand of circle of influence. I would like to congratulate to MsManisha and MsShreya for getting recognized at young achievers award as ‘Most innovative Broker Office” it’s is a proud moment for whole RE/MAX. Congratulations to all the top performers in terms of transactions. It is also proud moment for RE/MAX in the whole world for getting our founder and CEO’s name in most influential people in the world in real estate by Inman. We are getting more response in our online training and also getting response from people getting result by implementing that training. This makes us focus more on such initiative and we request all the affiliates to take full advantage of such training. We are also focusing on magazine which is launched under the name Real Estate Maximum which covers updates from RE/MAX and city specific real estate news and updates. In this magazine there is a specific area for promoting resale listing under which all Broker Associates can list their properties and reach to the elite subscription base of 10000. Wish you all the best for 2014!! Aashil Patel Regional Director RE/MAX Mumbai Gujarat Maharashtra RE/MAX MGM Safal Profitaire, Block A, G5, Corporate Road, Opp. Prahladnagar Garden Road, Ahmedabad – 380 015 Phone : +91 99090 66999 Email:
  2. 2. RE/MAX Mumbai –Gujarat – Maharashtra RE/MAX Mumbai Gujarat Maharashtra registered 05new agents in the month of December2013. RE/MAX MGM congratulates all these Broker Associates for joining RE/MAX and wishes them all the best. RE/MAX Advantage Jagdish Joshi RE/MAX Property Clinic Jashwant Patel RE/MAX Panorama Realty Ramesh Shah RE/MAX Panorama Realty Rajan Awasare RE/MAX Panorama Realty Vinayak Mile ONLINE TRAINING IN DECEMBER 2013 Date Session Name 11-12-13 How to get more Listings Broker Owner Speak: Munish Gupta, RE/MAX DREAMZ, Ahmedabad What are the changes in your responsibilities after becoming a Broker Owner to Broker Associate? Having worked within a team throughout my career, it has been really a delighting experience so as to work around for it is like being responsible for certain things which I have always contributed to in my earlier associations as well: • Supporting my team whenever they need any kind of support • Motivating and mentoring them to reach to the next level of performance • Making sure appropriate environment and infrastructure is made available to the team for seamless operations • Relationship building with all top developers and touch basing with top 10 clients each month • Setting up internal processes and policies for smooth and scale able operations And last but not the least, building up a fun filled work culture so as to achieve high amount of work satisfaction among the team and making sure that each one of us contributes well to success of this journey called “DREAMZ” powered by RE/MAX!!!
  3. 3. RE/MAX Mumbai –Gujarat – Maharashtra RE/MAX MGM Congratulates team RE/MAX Matrix for Winning the “Most Innovative Broker Office - West India” and Ms. Manisha Mehta for Winning the “Young Achiever” Awards at The 6th Estate Awards 2013- WEST India Edition - Hotel Lalit, Mumbai . Congratulations once again to Mr. Rohit Keshwani of RE/ MAX PLUS, Ahmedabad & Jayesh Patel of RE/ MAX ADVANTAGE, AHMEDABAD.
  4. 4. RE/MAX Mumbai –Gujarat – Maharashtra A SPECIAL CONGRATULATIONS to RE/MAX elite, Margaret Kelly, Dave Liniger and Michael Thorne, named to the 2014 Inman 100 Most Influential Real Estate Leaders! REAL ESTATE NEWS : Hike in ready reckoner rates may spike cost: Maharashtra realtors Developers say that the prices of property will not go down, instead they will further rise in the wake of fresh hike in ready reckoner (RR) rates announced by the Maharashtra government on Tuesday. RR rates are used to calculate the minimum registration and stamp duty charges paid at the time of registering the property. It is also the rate fixed by the government below which sale of property cannot happen in the given area. The RR rates have gone up by up to 20% in Mumbai, which means outgo of higher stamp duty for home buyers. In Pune, the rates have touched a maximum of 20%. According to developers, all the government-related charges like stamp duty, registration, taxes, etc, that used to account for 12-15% of the cost of an apartment, will now rise to 15-18%. Worse, the Reserve Bank of India (RBI) does not acknowledge these costs in the home loans disbursed to customers, which means an added burden on home buyers.
  5. 5. RE/MAX Mumbai –Gujarat – Maharashtra Real estate NPAs worth Rs 7,000 cr up for sale: Report Real estate sector looking up in Gujarat An estimated R7,700-crore worth of residential and commercial properties as non-performing assets (NPAs) with banks and financial institutions are up for sale. Maharashtra — largely due to Mumbai — tops the list on both commercial and residential properties’ NPAs, according to data compiled by NPAsource. com. The online portal has total NPA properties worth around R27,500crore registered from 27,626 units, of which, 2,200 are in the commercial category and nearly 11,000 in the residential segment, it said. After a lull, Gujarat’s real estate sector has started looking up and is reflected in the government’s income from the stamp duty and registration fee going up this year. The collections had been in the negative last year largely due to discounts and hopes that the market will revive in coming months. The biggest chunk of NPA properties fall under the industrial land & building category, with a 65% plus share in value terms. State-wise, Maharashtra tops the list of most number of NPAs, with 563 units worth R842 crore in commercial properties and 2,492 units worth R838 crore in residential properties, said. Delhi comes next with R686-crore worth of NPA commercial and NPA residential properties worth R500 crore. Mumbai office realty: Western suburbs new growth centre Looking back on 2013, the prevailing attitude among businesses toward the economy was “wait and see. The decision to take up more real estate office space was mostly put on hold; or companies aggressively looked to bring down their costs. Corporates put their investment decisions on hold, waiting to see how the economic scenario unfolds especially in light of the forth-coming national elections. With this backdrop of uncertainty, commercial real estate in Mumbai produced mixed results. Office take-up in Mumbai in 2013 was recorded at 4.76 million sq. ft., which was 21 per cent lower as compared to the previous year. The first half of 2013 was notably stronger than the second half, but the whole year was marked by a lack of large leasing transactions. As compared to last year’s average monthly collection of Rs 209 crore from April to October, the government collected Rs 396 crore per month in the same period this year. “Investors and buyers have started investing again as they feel that the market rate will increase soon after LokSabha elections,” says YogeshBhavsar the president of Gujarat Institute of Housing and Estate Developers (GIHED). Jaxay Shah, vice-president of the Confederation of Real Estate Developer’s Associations of India (CREDAI), says, “The good monsoon has revived the industry.” Ahmedabad real estate market looks promising Realty market is very sensitive in today’s scenario and any increase in borrowing cost will lead to consumer disappointment. However, we also understand that strict measures are required to curb the burning inflation and Rupee fall, but it is also equally important to keep other aspects of economy while taking strategic decisions. Although, looking at the strong fundamentals of the Indian economy and its robust growth, all these seem to be temporary. With the continuous increase in the buying power of Indians, residential property demand is going to be significantly high for the next 25 years. Also, one always has to keep in mind that Indian real estate market is very dynamic and different places have their own trends. Like in some mega cities, there is a clear problem of excess inventories which cannot be backed up by demand. But, cities like Ahmedabad, which have seen significant growth, will continue to be a fruitful territory for the coming decades. To be honest, commercials are a little weak, as it is more driven by economical and market sentiment, but it will be back to its full swing soon.
  6. 6. RE/MAX Mumbai –Gujarat – Maharashtra RE/MAX Honored as Top Corporate Trainer DENVER – For the third consecutive year, RE/MAX University (RU) has been recognized as one of the best among corporate-sponsored training programs, capturing a place on Training magazine’s Top 125 list. The 14th annual survey ranked excellence in employer-sponsored training and development programs tied to corporate strategic goals and measurable results. “Our high level of training and support for RE/MAX agents and our Broker/Owners is what sets us apart from our competitors,” said Mike Ryan, RE/MAX Executive Vice President, RE/MAX, LLC. “We believe RU training programs improve the performance of our agents and enhance their customer service.” RU is a proprietary online resource that offers on-demand 24/7 access to training opportunities for more than 90,000 RE/MAX Affiliates around the world, delivering HD quality video programs and online training for viewing on multiple devices. Most programs are available at no cost. RE/MAX debuts new mobile-ready website RE/MAX LLC has re-launched the company’s website with a simplified user interface and data on more than 87 million properties nationwide — both homes for sale and previously sold. is “mobile-ready and tablet-friendly,” and the company claims it’s the first franchisor to provide a consistent Web experience across desktops, tablets and smartphones. Users can tap and swipe through oversized photos of property listings — a “Quiet Mode” even allows them to turn off other content on a page to focus on the large-scale images. Lead forms for RE/ MAX agents are prominently displayed on listing detail pages. RE/MAX agents lead the industry in professional designations/certifications, with over 70,000 courses taken at home or in the office through the use of RU. RE/MAX values high quality training and makes continuing education a priority to ensure the success of all RE/MAX agents and offices. That success was proven once again this year, in top real estate industry surveys, which showed RE/MAX agents to be among the industry’s top performers. The RISMedia Power Broker Report and the REAL Trends 500 survey both showed that RE/MAX agents were the most productive when ranked by closed transaction sides among the national real estate franchises. RE/MAX MGM Safal Profitaire, Block A, G5, Corportate Road, Opp. Prahladnagar Garden Road, Ahmedabad – 380 015 Phone : +91 99090 66999 Email: NOBODY IN THE WORLD SELLS MORE REAL ESTATE THAN RE/MAX