RE/MAX Mumbai Gujarat Maharashtra Newsletter September 2013


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RE/MAX Mumbai Gujarat Maharashtra Newsletter September 2013

  1. 1. RE/MAX Mumbai Gujarat Maharashtra MGM NEWSLETTER September - 2013 HighLIGHTS »» Management Speak »» New Broker Associates »» Online Trainingdone in SEPTEMBER »» BO & BA SPEAKS »» International RE/MAX News »» Events and Seminars »» Properties for Sale »» Creative designs for various days »» Photo Gallery 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 Management Speak: Happy Navratri to all RE/MAX Affiliates! I welcome all our new associates who joined in September 2013 to a world where ‘everybody wins’. May you keep adding to the success of RE/MAX and prosper along with us. Let me now take you on a round of the hustle bustle of activities which marked September. It is a matter of pride for our company as we celebrated our 4th anniversary this month. It has been a pleasant journey, not without its ups and downs, but we have emerged successful and can put down the failures as experience. Together we have grown and can look ahead to a great future. The celebration was further enhanced by the presence of Mr. Sam Chopra, Chairman of RE/MAX India. We added another feather in our cap with our national tie-up with Godrej, an event graced by the presence of our Chairman. This tie-up is very important and is going to further seal our name as one of the best in the RE world. The good part about this month apart from the festivities, is that the recent slump in the real estate market is expected to bounce back when the inauspicious period of shraddhpaksh ends with the advent of Navratri. This may also be the right time for value buying and we should make that our main USP We need to focus on the upside of the dollar being . stronger than the rupee now. NRIs will find it easier to invest in real estate now and we can expect more business from NRIs. The upcoming General Elections is also expected to have an impact on the RE market, regardless of who sits on the throne! So let us gear up for what is to come, and save for a rainy day by doing brisk business now. The LokSabha is expected to pass the bill on Real Estate and this will empower the consumer further. This bill will affect us and we need to steer clear of the oligopoly that is expected to follow in the RE market. Another achievement for us is that we have successfully completed the Buffini series and this will indeed help our progress and make us smoother and better in our endeavours. We are pleased to announce that we are now publishing our own magazine, REAL ESTATE MAXIMUM, and the inaugural issue of October was launched by our Chairman, Mr. Sam Chopra. This magazine will cover the latest trends in the real estate world. In a bid to make training more relevant, our next module will cater to the needs expressed to us specifically by our BOs and BAs. They can send in their suggestions to May the festival bring colour and joy to you and your family! Manan Choksi Regional Director RE/MAX Mumbai Gujarat Maharashtra
  3. 3. RE/MAX Mumbai –Gujarat – Maharashtra RE/MAX Mumbai Gujarat Maharashtra registered 07new agents in the month of SEPTEMBER2013. RE/MAX MGM congratulates all these Broker Associates for joining RE/MAX and wishes them all the best. RE/MAX Dreamz Dixit Shah RE/MAX Dreamz Chirga Sharma RE/MAX Redux Tejas Shah RE/MAX Advantage Plus ParvezKadri RE/MAX Ronisun Realty Mohd Rafi Chougule RE/MAX Ronisun Realty SajjadShabbir Shaikh RE/MAX Ronisun Realty Bhushan VishwasraoRaut ONLINE TRAINING IN SEPTEMBER 2013 Date Session Name 4th-Sep-13 11th- Sep-13 18th-Sep-13 25th-Sep-13 Getting Buyers Off the Fence The Art of Negotiation Financial Systems for Self-Employed How to be Successful Entrepreneur STOP PRESS RE/MAX Celebrates Initial Public Offering on the New York Stock Exchange which listed at $ 26, premium of 4$.
  4. 4. RE/MAX Mumbai –Gujarat – Maharashtra RE/MAX Gujarat celebrates its 4th anniversary @ Godrej Garden City On September RE/MAX Gujarat celebrated its 4th anniversary at Godrej Garden city where Mr. Sam Chopra was the chief guest and he started the celebration by cutting a cake. RE/MAX also announced a national tie-up with Godrej Properties. Over 100 enthusiasts RE/MAX broker owners and associates with their office staff attended the event and made the celebrations memorable. RE/MAX MGM launched a new Real Estate Magazine called “REAL ESTATE MAXIMUMS” for the promotion of real estate in Gujarat and keep everyone updated about latest trends and news in real estate.
  5. 5. RE/MAX Mumbai –Gujarat – Maharashtra BO SPEAKS: Vivek Mistry – Broker OwnerRE/MAXREVOLUTION,Ahmedabad Question: In a buyer’s market, what should a real estate broker do? Definitely as we all know the market scenario has changed from seller’s market to buyer’s market.With this changing trend, responsibilities and services of real estate agents towards clients change too.Real Estate Agent should find properties in accordance with the buyer’s needs, specifications and cost.Real Estate Agents should not forget to ensure the real budget of the buyer before providing property options. In this market, any young person that hasn’t bought a house ought to buy one,A buyers’ market doesn’t come along that often … you just can hardly help but make money on whatever you buy today at the prices they are. Rates are only going to go up over the long term, so borrowing will cost more. As there are more buyers in the market a broker should focus more on collecting properties and spend time marketing it. This will enable real estate agents to provide more options to buyer. Hope for the best in this upcoming festive season..! BA SPEAKS: Devansh Kothari,Broker Associate, RE/MAX Synergies, Ahmedabad Question: What is the difference or what advantage RE/MAX real estate broker has over conventional broker? After working for 4 months as a RE/MAX Real Estate Agent now I can measure edge over normal real estate consultant and RE/MAX real estate consultant. Some analysis which I did is as under. As you know real estate broking industry has no organized structure in the market and with RE/MAX one can get may option to promote his listing in many ways. RE/MAX Associates do marketing by ways of: Announcements of new listing online which is also supported by Google SEO, Just listed for updating our client database, Just sold to let people know that we are dealing in such property so further they can contact us for same sort of requirement, Just participated in a sale to endorse open listing, Free market analysis where we can educate our client which make impact of consultant in the mind of our client , Brochure,using Design Center, of the property which is very helpful to client to explain same property to their belongings easily and also reduces exercise to show the same property for many time to client as client want to show that property to his friend, family and relative before finalizing property. I have got my own Web pages where I can put all my listing and can also promote same web page without spending anything on it. Using Slide share and other latest technology tools.
  6. 6. RE/MAX Mumbai –Gujarat – Maharashtra Public Transport: A Key to Real Estate Appreciation? – Manan Choksi When the British Govt. started laying down the tracks for Bombay’s local trains back in 1853, little did they know that it would become the lifeline of one of the world’s largest metropolitan areas. Mumbai’s local train system has helped the city accommodate about 1 crore migrants from Maharashtra and Gujarat (and other parts of the country) within itself. The local train route is about 465 km long today and ferries around 2.64 billion people annually. Apart from being home to Asia’s oldest transportation system, Mumbai is also reputed for its costliest real estate. This city has given the best returns on investment consistently decade after decade. This makes us ponder on whether there exists a correlation between public transportation investment and increase in real estate prices? In my opinion there is a strong correlation as most of the increase in the prices of real estate has been in the land and properties around the local train tracks. A home in the vicinity of local train stations makes it convenient for people to commute and hence the middle class buys properties in these areas. The pointer is there is a 20-30% premium for properties that are within walking distance from stations, compared to other properties in the same suburb. A similar story is being written in the NCR region where about Rs. 40,000 crore has been spent on building the most modern Metro system of the country. It started in 2002 and as of now it has 200 km of line with about 600 million annual users. It will be about 300 km in next 3 years and that will make it the fastest growing metro network in the world. Identical to the correlation seen in Mumbai, Delhi has also witnessed property prices spiral north wards which has given a steady return in the last decade.
  7. 7. RE/MAX Mumbai –Gujarat – Maharashtra Both the cities have invested heavily in public transportation systems. Delhi Metro has cost the exchequer about Rs. 200 crore per km. This kind of investment is difficult for India to make in all top 10 cities especially with the GDP growth slowing down. Gujarat has experimented with a different kind of public transportation, which is BRTS or Bus Rapid Transport System. It costs about Rs. 20 crore per km to set up a BRTS network and it is quick and easy to implement compared to railways. Basically there are dedicated lanes for special buses to travel on the road. These lanes are not open for any other traffic and hence these buses can avoid all sorts of traffic jams. Started in 2009, the Janmarg (as BRTS is called in Ahmedabad) has set up 66 km of network. It annually carries 40 million people and has invested about Rs. 1500 crore till now. Needless to say the real estate prices in Ahmedabad have been steadily increasing especially in the areas in which this network has been established. The state govt has increased the FSI on the BRTS corridor which has further increased the prices of property around the corridor. A Public transportation project takes more than just investment to get the outcome required for a steady increase in real estate prices. As any meaningful project requires more than 5 years to reach its outcome, only a government which is re-elected can finish such a massive project. Changes in the ruling power would mean a shift in priorities and the existing projects stand a grave chance of being sidelined with other projects taking over. A government like that of Sheila Dixit or Narendra Modi has been able to work wonders as they have been stable in their respective states. So in effect nothing boosts real estate like a well performing Chief Minister with the best interests of the people at heart. Investing in improving or laying down convenient public transport systems helps a city to develop quickly and leads to a property boom apart from being chosen by more people as the desired place to live in. We can say that a city’s popularity index goes up when there is a convenient and fully functional public transport system. EVENTS RE/MAX MGM participated in convention“South Mumbai – A Destination Redefined” by SMART (South MetroCity Association of Realtors),which is a premier South Mumbai based association formed to bring together like-minded leading real estate consultants operating mainly in the SOBO market.Mr. Manan Choksi was one of the members in a panel discussion Panel discussion on operational styles of different broking entities. This one day convention will be held at the Taj President (Vivanta), Cuffe Parade, Mumbai, on Saturday, the 28th of September 2013. The full day Convention had leading luminaries in the field of real estate sharing their views on various aspects related to the real estate market in South Mumbai. Mr. Sahil Shah was invited by Real Estate Agents Association of Rajkot (REAAR) to give a presentation on “Technology in Real Estate” where more than 70 people were present and learned a great deal of new technological tools to enhance their productivity to serve their clients.
  8. 8. RE/MAX Mumbai –Gujarat – Maharashtra Properties for Buy / Sale / Rent - Ahmedabad Road Side Office Space for SALE in New Bodakdev. Very useful Space Suitable for restaurant / Doctor Office / Multipurpose use. corporate office, call center, it space, saloon, high end educational/training institution, diagnostic center Contact : Parvesh Girgla, RE/MAX Aad Realty Phone: +91-8238002325 Contact: AtitFozdar, RE/MAX RE/MAX METRO 3300 Sq.Ft. Fully Furnished Office On fourth floor, for sale at Maninagar - Fully Furnished Office with AC.- Located at a high end area of Maninagar - Near to public transportation - Ideal for Institutes 1380 Sq. FeetOffice for Sale in Shapath-V, SG Highway, Phone: +91-9825036406 Contact : Mukesh Patel RE/MAX ADVANTAGE Strategically located on SG Highway, Very Closed to Corporate Houses, Malls, Multiplexes, Hospitals Phone: +91-9909998635 Contact: Deepak Goplani RE/MAX REALTY SOLUTIONS Office for Rent @Shivalik High Street, Nr. Keshavbaug Party Plot-Satellite, Ahmedabad Area: 2191 Sq.Ft. Rent: 40/. Per Sq.Ft. Specifications: • Car parking • Lift available • Lobby and Waiting Hall in the Ground Floor • Modern fire management system • Power Backup Phone: +91 - 9909419921
  9. 9. RE/MAX Mumbai –Gujarat – Maharashtra Properties for Buy / Sale / Rent - Mumbai Excellent 3BHK Semi-furnished Flat for sale in Bodakdev Contact: Rajan Talati RE/MAX REVOLUTION -2450 Sq. Ft. -Very well maintained society, -With servant room -A/c fixed in all rooms, -Very spacious rooms -Allotted parking Phone: +91-8866008590 Contact: Devansh Kothari RE/MAX SYNERGIES 2 BHK flat for sale in Vastrapur 110 sq.yard + 60 sq.yard basement 16 year old property, very well maintained society.. 3BHK Apartment for sale in posh locality of DharnidarDerasar and Lavanya society. Phone: +91-9879167987 Contact: Ashok Bhalani RE/MAX VINTRON GOLD 2 units on each floor. It is located in one the prime area of Ahmedabad city. Hospital, Schools, Colleges, Auda Garden, Restaurants and Food Courts, Religious places. Contact: +91 9099948600 Contact: Munish Gupta RE/MAX DREAMZ 4BHK flat on sale at Corporate Road Prahladnagar 4500 sq.ft flat on sale at Corporate road, Prahladnagar.Luxurious new Built scheme. Phone +91-9825800169
  10. 10. RE/MAX Mumbai –Gujarat – Maharashtra RE/MAX’s $220 Million IPO Priced @ $ 22, above Expectations, lists also at 26 USD RE/MAX Holdings Inc. saw better-than-expected demand for its initialpublic offering;a sign stock investors remain keen on certain housing-recovery bets. RE/MAXagreed to sell 10 million shares for $22 each late Tuesday, according to people familiar with the offering, topping the company’s projection that they would fetch $19 to $21 apiece. The deal would raise $220 million, before the potential sale of additional stock to underwriters. RE/MAXintends to use some of the money from the IPO to reacquire regional real estate franchises in the Southwest and Mid-Atlantic region of the U.S., the prospectus shows. RE/MAXhad net income of $33.3 million last year, compared with income of $24.2 million in 2011 and a loss of $2.75 million in 2010. Gujarat tops in completed realty projects across India with 35% share: Assocham Gujarat has ranked on top with maximum share of about 35 per cent in the completed projects in real estate sector amid top 20 states across India during the first quarter of the current fiscal, claimed an Assocham report . Gujarat has registered completion of real estate projects worth about Rs 1,035 crore in Q1 of the current financial year as against Rs 39 crore worth of realty projects completed during the corresponding period of last year,” said a paper titled ‘Current State of Real Estate Sector in India and It’s Revival,’ released by The Associated Chambers of Commerce and Industry of India (ASSOCHAM). The report further highlighted that real estate projects worth over Rs 2,971 crore got completed during the first quarter of the 2013-14 across India thereby registering an year-on-year growth of over 50 per cent in rate of project completion as realty projects worth only Rs 1,976 crore had got completed in Q1 of the previous financial year. Relocations is one third of the total leasing activity during H1 of 2013: Cushman & Wakefield According to the latest report by Cushman & Wakefield, global real estate consultants, office markets in India noted a rise in relocations and consolidations of companies to suburban or cost efficient locations during the first half of the year (January - June 2013). The total relocations across top eight cities[1] in H1 2013 was noted at 5.46 million square feet (msf) which was 2.5 times higher compared to the same period last year and is one third of the total leasing activity.
  11. 11. RE/MAX Mumbai –Gujarat – Maharashtra Photo Gallery Orientation Program at RE/MAX PANAROMA REALTY, PUNE @ Godrej Garden City celebrating RE/MAX Gujarat’s 4th anniversary.
  12. 12. RE/MAX Mumbai –Gujarat – Maharashtra Creatives by RE/MAX MGM on various days in September 2013 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