RE/MAX Mumbai Gujarat Maharashtra Newsletter August 2014

MGM NEWSLETTER
1
RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA
AUGUST 2014
RE/MAX MGM
Safal Profitaire, Block A, G5,
Corporate Road, Opp.
Prahladnagar Garden Road,
Ahmedabad – 380 015
Phone : +91 99090 66999
Email: mgm@remax.in
CONTENT
MANAGEMENT SPEAK
NEW BROKER ASSOCIATES
ONLINE TRAINING IN AUGUST 2014
UP COMING TRAININGS AND EVENTS
BA INDUCTION TRAINING FOR
NEWLY JOINED ASSOCIATES
MONTHLY BO MEET
AT REGIONAL OFFICEFRO IN PUNE
VISIT TO NAR Convention – Kolkata
CRISIL - STAR RATED PROJECTS – AHMEDABAD
FEW GAME CHANGING ADVICE FROM
REAL ESTATE INVESTORS
HOME LOANS:
MAKING MOST OF HEADWINDS
NEWS FROM RE/MAX FRANCHISE OFFICES
CHANGING FACE OF THANE REAL ESTATE
REAL ESTATE NEWS BYTES OF AUGUST:
MANAGEMENT SPEAK!
Dear Affiliates,
It give me immense pleasure while conveying activities done
for the month of August in our region. Firstly I would like to
congratulate our newly joined affiliate in the month of august
. They are not one, two or five but fourteen new associates this
month.
Congratulations and all the best to all the new affiliates who have
joined RE/MAX in the month of August.
Though the month of August had many festivals and celebration, For RE/MAX MGM the month was
eventful with lot of positive things happening within region and within our industry. Economy is giving
positive sign and it is visible in stock market and soon it is expected to reflect the same in real estate
market. India’s economic growth continues to gain momentum while most major economies are seeing
stable prospects, according to Paris-based think-tank OECD. The country’s growth touched 5.7 per
cent in April-June quarter, the highest in two-and-a-half years. Also UK’s Maplecroft firm has ranked
India at No. 1 in terms of economic opportunities for investors, whose interest in the country has spiked
dramatically since the general elections. Officials close to the development said India has now become
the fifth most requested country in terms of risk and opportunity reports from rating agencies and risk-mapping
firms such as Maplecroft.
With all these positive signs of Indian economy, real estate market also looking positive in coming time
with festive season starting next month we expect to gain more market share in broking market. We are
also expected to get big amount of money as Private equity in real estate in times to come.
Region has done lot of activities in terms of training to all our affiliates and has also started online
monthly BO meeting connecting BOs from various parts of MGM for interactive session and knowledge
sharing by Successful BO to other BOs.
With ‘Shraadh’ coming in next month there is expected some slow down in transaction but I expect that
all the affiliate would build strong pipe line for transactions once the Shraddh gets over and Navratri
Starts you all get lot of transactions happening.
Happy Prospecting and wishing you best of times ahead.
Aashil Patel
Regional Director
RE/MAX Mumbai Gujarat Maharashtra
MGM NEWSLETTER
RE/MAX Mumbai Gujarat Maharashtra AUGUST 2014

MGM NEWSLETTER AUGUST 2014
MGM NEWSLETTER
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AUGUST 2014
RE/MAX Mumbai Gujarat Maharashtra registered 14new agents in the month of AUGUST 2014.
RE/MAX MGM congratulates all these Broker Associates for joining RE/MAX and wishes them
all the best.
ONLINE TRAININGDONE IN AUGUST 2014
TRAINING CALENDAR FOR SEPTEMBER 2014
NAME OFFICE
Bhaskar Lanjile RE/MAX METRO, MUMBAI
Ankit Patidar RE/MAX ADVANTAGE, AHMEDABAD
Devendra Patel RE/MAX ADVANTAGE, AHMEDABAD
Krupal Patel RE/MAX ADVANTAGE, AHMEDABAD
Pradeep Patel RE/MAX ADVANTAGE, AHMEDABAD
Vicky Seth RE/MAX ADVANTAGE, AHMEDABAD
Pranav Shah RE/MAX ADVANTAGE, AHMEDABAD
Ankita Vala RE/MAX ADVANTAGE, AHMEDABAD
Siddharth Mehta RE/MAX ADVANTAGE, AHMEDABAD
Janak Patwari RE/MAX ADVANTAGE, AHMEDABAD
Surendra Bihola RE/MAX ADVANTAGE, AHMEDABAD
Hardik Goswami RE/MAX ADVANTAGE, AHMEDABAD
Payal Shah RE/MAX KUNVARJI, AHMEDABAD
Ashesh Agrawal RE/MAX PROPERTY WORLD, AHMEDABAD
Date Session Name
August 6 Fundamentals in Real Estate Series Part – 7 Sales Associate Personal Finances
August 20 Promoting Listing onlinle with Practical Examples
Date Session Name
Sept 3 Selling More of your Listings, In Any Market
Sept 17 Social Media and Real Estate
ONLINE TRAINING
All online training starts at 11.00 a.m. and contact mgm@remax.in for more details.

MGM NEWSLETTER
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AUGUST 2014
BA INDUCTION TRAINING FOR NEWLY JOINED ASSOCIATES
Monthly Meet with Broker Owners at RE/MAX MGM Head Office.
RE/MAX MGM conducted an Induction Training on August 11, 2014 for newly joined Broker Associates.
Regional Owner Mr. Manan Choksi discussed about importance of uploading properties on iConnect and other Portals and
getting best offers from Top Portals so that agents get encouraged to use it more. RE/MAX MGM decided to create unique
images for festivals and other important days and upload it on its FB pages which can be shared by all agents across regions
so that it shows a strong brand among others. 5 Broker Owners from Gujarat were present at RE/MAX MGM HQ while 4 Broker
Owners from Maharashtra were present online in BO Meet.

MGM NEWSLETTER
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AUGUST 2014
REGIONAL OWNERS’ VISIT TO NAR CONVENTION, KOLKATA
Mr. Aashil Patel and Mr. Manan Choksi Visited NAR convention held in Kolkata on August
16th and 17th. The theme of convention this year was
CONECT - NETWORK - GROW.
Connect: This convention provides a common platform for realtors and developers to
connect with one another.
Network: It helps in building strong networks with fraternity.
Grow: People connect, network and share experience leading to growth.

MGM NEWSLETTER
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AUGUST 2014
CRISIL - STAR RATED PROJECTS - AHMEDABAD
CRISIL Real Estate Star Ratings provides city specific all round assessment of real estate projects and helps buyers benchmark
and identify quality projects within their city.
Star Rating Scale
The Star Ratings are assigned on a city-specific, eight-point scale; for example, ‘Ahmedabad One Star’ to ‘Ahmedabad Seven
Star’, seven being the highest. The lowest rating will be ‘non-deliverable’ project. The assigned rating will thus be a benchmark
against other rated projects in the same city.
The ratings are available for proposed, ongoing and recently completed commercial and residential projects. Once
the rating is assigned, the project will be monitored constantly, providing timely updates on project progress.
The rating will be valid until the project is completed.
Star Rating Parameters
Project Sponsor Quality: This parameter focuses on the developers’ construction and legal track record, and comments on their
financial strength and ability to complete the rated project.
Project Construction Quality : By providing an independent assessment of aspects such as structural quality, amenities,
likelihood of time and cost overruns, and after-sales services, this parameter assumes critical importance.
Project Legal Quality : This parameter examines the land title, sales agreement and various other statutory approvals and
clearances of the project.
Project Financial Quality : This parameter assesses the viability of the project, and financial flexibility and accounting quality of
the developer.
Project Innovation Quality :This parameter examines the innovation in the project, and covers aspects such as construction
technology and building design, among various aspects. Star Rating Parameters
Star Rating Criteria
Project Sponsor Quality Project Construction Quality
Construction and legal track record • Structural quality • After-Sales Services
Organization strength, systems & processes • Infrastructure& Integrated Facilities
Financial strength of developers (s) • Finishes • Likelihood of Time and Cost Overruns
Project Financial Quality :Accounting Quality, Financial Flexibility
Project Innovation Quality : Innovation in the areas of Land acquisition/ Construction technology/
Building design/ Project funding

MGM NEWSLETTER
6
AUGUST 2014
If you’re not getting good deals, you don’t have enough
leads – you need better/more marketing.
Working too long on one “deal” trying to force it to work
means it’s no longer a deal and you’re still working
on it because you don’t have enough leads.
Marketing is not an expense; it’s an investment.
It’s not how much money you make that matters,
its how much money you keep.
You will pay for education, either ahead of time from a
mentor or by the mistakes you make as you go through
the process.
When negotiating, spend more time listening than
talking.
If a potential tenant doesn’t have enough money for
their deposit and first month’s rent, they won’t have
enough money to make the monthly payments.
Pick a mentor who is successfully doing the type of
business you want to do because you don’t know what
you don’t know.
Never get greedy. The best deals are the ones where
everybody wins.
Don’t wait until you know it all to get started. None of us
know it all.
It’s always a great time to be in real estate; you simply
have to pay attention to the economy and real estate
fluctuations to know how to direct your investments.
Don’t wait to buy real estate; buy real estate and wait.
There’s never been a better time to be in real estate.
Few Game Changing Advice from Real Estate Investors
Home loans: Making most of headwinds
NHB is considering a proposal to increase the loan-to-value
ratio (LTV) for home loans to 90% of the property
value from the current 80%, which would mean home
loan borrowers can take loans up to 90% of their
property’s value
Banks and non-banking financial companies (NBFCs)
are getting active to make sure they get the maximum
number of home loan borrowers when growth in real
estate picks up.
HDFC has announced a discounted interest rate of
10.15% for all new borrowers irrespective of the loan
amount. The new scheme has been in force since
the month of August 2014. Bajaj Finance, an NBFC,
followed suit with a new home loan scheme, under
which borrowers need not pay instalments for the first
three months.
State Bank of India is offering women borrowers an
interest rate of 10.10% for home loans above R75 lakh
while ICICI Bank is giving a further 0.05% discount with
loans available at 10.10%.
Since the tenure of home loans is usually quite long,
there are bound to be cyclical highs and lows for
interest rates, but such discounted schemes help
borrowers make quick decisions, especially if they
have been waiting for the right opportunity to take
a home loan.

MGM NEWSLETTER
7
AUGUST 2014
NEWS FROM RE/MAX FRANCHISE OFFICES
Rising loan-to-value ratio
If tax benefits and discounted interest rates are not enough, here is more good news for new home loan seekers.
National Housing Bank, or NHB, is considering a proposal to increase the loan-to-value ratio (LTV) for home
loans to 90% of the property value from the current 80%. Once implemented, this would mean home loan
borrowers can take loans up to 90% of their property’s value.
This new rule can be effective for people with small savings, who have so far been unable to save the minimum
20% margin money that institutions expect the borrower to invest.
The new changes in the LTV rule, once effective, would only be made available for home loans above the
minimum threshold limit of R20 lakh.
Note that a higher LTV only reduces the margin money to be raised by the borrower while increasing the quantum of the
home loan and, hence, the total interest cost of the loan. Do bear in mind though that home loan funds are not provided
for stamp duty and registration costs and borrowers must keep some part of their funds for registration fee and stamp
duty charges.
The recent announcement by finance minister Arun Jaitley in his annual budget speech has given a positive
impetus to the infrastructure and real estate sector. The finance minister allocated R4,000 crore for low-cost
housing, encouraging more real estate developers to bring in low-cost projects
RE/MAX Advantage
11 new business Associates joining:
The largest team of the RE/MAX Network gets even bigger and stronger. This new full force is all set to spread its wings in
the real estate industry and help more clients buy, sell and invest in real estate keeping Client’s Interest as their number
one Priority. The Team at ADVANTAGE welcomes the fresh buds to the world of success in Real Estate!
On the prowl to Greater Noida
The tigers of RE/MAX ADVANTAGE were on the prowl again and this time the turf was the National Capital.
‘Imperia’ have come up with very informative and attractive investment options in Greater Noida. The Imperia distributor based
out of Mumbai had come to our office and discussed the product details at length in one of our Team Meetings. This brought in so
much of enthusiasm that Mr. Salim Ravani, Mr. Mukesh Patel,
Mr. Rachit Parikh, Mr. Bhaumik Dave, Mr. Manoj Dhandha
and Mr. Sanjay Khangale; Business Associates, RE/MAX
ADVANTAGE packed their bags to check out the claims and
credentials personally for a two day trip to Noida.
While we asked them about their visit to Imperia they said,
‘It was an absolute pleasure understanding the product and
visiting the Imperia Mirage Site ourselves before marketing
the same to our clients and we hereby extend heartfelt
appreciation to Mr. Harpreet Singh Batra and his entire Team
at Imperia. The time, energy and efforts spent in plenty are
just to ensure on what we offer the client and it was necessary
to do our due diligence. This was the best way to display and
live our value proposition at RE/MAX ADVANTAGE: Client’s
interest is our number one priority.’

MGM NEWSLETTER
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AUGUST 2014
The face of Thane has been transformed from a sleepy
hamlet outside Mumbai to a scintillating suburb with
excellent connectivity to the city
From being a sleepy suburb in the past, Thane has
woken up to become one of the hottest property
destinations for aspiring home-owners and investors
alike. Several well-known names in the construction
industry offer lifestyle projects to cater to varying
tastes of discerning customers.
Steep real estate prices in Mumbai city have compelled
many first-time buyers as well as investors to seek
out rapidly growing suburbs around the vibrant city.
Property rates in the western suburbs have risen to
almost around Rs.14,000 per square feet, while prices
in Thane range from around Rs.7,000 to Rs.12,000
depending on the project, developer, and location.
This offers excellent potential to aspiring buyers that
want an affordable home. In addition, smart investors
have also realized that they can book excellent profits
within just a few years of investing in a property in
Thane.
Compared to the western suburbs, life line the three
lane western express highway, the eastern corridor
has faster connectivity with broader, faster, wider five
lane roads and comparatively lower volume of traffic.
The construction of various networks such as the
Santacruz-Chembur link road and the Eastern Express
Freeway can help commuters reach other suburbs
and South Mumbai from Thane in a far more relaxed
manner while saving precious time. Not to mention
the scenic beauty of the location, theYeoor Hills and
the Ulhas creek with about 30 lakes titivating it.
Areas in and around GhodbunderRoad,PokhranRoad
in Thane have witnessed rapid growth and several
well-known developers offer projects that provide
affordability and luxury at the same time. Property
rates in such areas have risen at a steady pace and
it should continue to do so as this pulsating suburb
keeps on attracting a wide range of potential buyers
from around the country. These range from first and
second home buyers to investors that have a pulse on
the realty market in Thane.
In addition to new projects, Thane has also witnessed
a rise in redevelopment projects. Areas such as Vartak
Nagar, Savarkar Nagar and Swami VivekanandNagar
offer excellent redevelopment homes for investors
and end users. Buyers now have a chance to move
into a brand-new building that boasts of modern
amenities along with excellent connectivity by being
close to highways, malls, hospitals, etc.
Several industry experts estimate that real estate
prices in Thane will witness a rise of around 15
percent per annum as this suburb keeps on growing
at a steady pace. In fact, according to a recent survey,
Thane has registered the highest growth in property
prices between 2010 and 2014 in the whole of India.
Thane has the right mix of educational institutions, IT
hubs, industrial estates, and recreational facilities to
offer a well-rounded experience to its residents. There
are already several huge malls in Thane such as Korum
and Viviana, with many others slated to open their
massive doors in coming times.
Investing in Real Estate in Thane can provide Multiple
Benefits. This growing suburb offers all amenities
to fulfill the aspirations of different types of buyers,
right from investors to those looking to make Thane
their new residential address. However, as time and
properties wait for no one, potential buyers need to
move quickly to reap multiple benefits offered by
investing in real estate in Thane.
CHANGING FACE OF THANE REAL ESTATE

MGM NEWSLETTER
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AUGUST 2014
PE investment in real estate to cross
Rs 12,000 crore
Private equity investment in real estate sector
jumped over two-fold to Rs 4,100 crore in the first
six months of 2014 and is likely to cross Rs 12,000
crore by end of the year.
The PE investment in the sector was Rs 6,450 crore
in 2013 , there is an increase in interest globally in
committing funds for Indian real estate through
private equity. The funds are being raised mainly
for housing projects and leased office purchases.
The first six months witnessed PE investments
in realty sector of about Rs 4,100 crore, and the
consultant expects it to be about Rs 7,900 crore in
the second half.
The total investment in first half of 2014 was more
than double the investment in the first half of 2013
at Rs 1,650 crore. This is also the highest levels of
investments in the first half of the year since H1
2009
In the residential asset class, private equity funds
are now being viewed favorably by developers
as PE money is being used for de-risking projects
and as strategic long term partnerships for further
expansion and development.
Mumbai received a PE investment of Rs 1,140
crore, while transaction volumes in NCR and Pune
were recorded at Rs 580 crore and Rs 167 crore,
respectively, during H1 2014.
PM Modi’s 100 days: Smart cities set for take-off,
state governments asked to identify cities
Among PM Modi’s pet plans, few would be more
significant to India than building 100 smart cities,
as the country is in the middle of a massive wave
of urbanisation. Modi was smitten with the idea
of a smart city long ago, and he had set the ball
rolling in Gujarat with the Greenfield Gujarat
International Finance Tec-city (GIFT). This venture
is now proceeding rapidly, as it has been allotted
11 million sq ft for construction. As he moved to
the Centre, Modi started work on implementing the
idea all across India. It is among his few plans that
are moving smoothly ahead.
While these projects are moving quickly, a few
smaller townships are also coming up. For example,
Pallava, a partnership between IBM and the Lodha
Group, is planned as a smart city over 4000 acres.
Cisco is transforming Bangalore’s Electronic City
into a small smart city. Private developers are
planning smaller smart residential-commercial
townships. Over the last 100 years, large projects
have fired people’s imagination and energized
entire countries.
The best example is the Apollo missions of the US,
which brought an entire generation into science and
engineering and raised the technology capabilities
of the US. Smart cities, with multiple technology
components, can produce the same results for India
although through different methods.
Realty demand looking up: Credai
To plug the shortfall of 80 million homes in the
country regulatory issues have to be simplified :
National President Credai
The Confederation of Real Estate Developers of
India (Credai) said the property market across the
metros in the country was looking up and it expects
good absorption in residential property in the next
6-9 months.
In my communication with some of the builders
in the south, I was told the demand scenario has
picked up in the last few months. Demand in the
metros in the last 3-4 months was also encouraging,
when compared with the same period last year,”
said C Shekar Reddy, national president of Credai.
RBI Deputy Governor R Gandhi asks bankers to
be innovative on home loans
The Reserve Bank of India will encourage banks and
individuals to be actively involved in home loan
deposits, a savings product that will help showcase
REAL ESTATE NEWS BYTES OF AUGUST:

MGM NEWSLETTER
10
AUGUST 2014
NOBODY IN THE WORLD SELLS MORE REAL ESTATE THAN RE/MAX
RE/MAX MGM
Safal Profitaire, Block A, G5,
Corporate Road, Opp.
Prahladnagar Garden Road,
Ahmedabad – 380 015
Phone : +91 99090 66999
Email: mgm@remax.in
Please send us your reviews about this
month’s newsletter. Feel free to give your
suggestions and we will incorporate the
same in coming newsletter.
Send your suggestions to :
ppandya@remax.in
the repaying ability of customers seeking to borrow
money to buy a house.
ICICI Bank offers single interest
rate for home loans
ICICI Bank has announced a single rate of 10.15 per
cent for all floating rate home loans up to Rs 5 crore
for salaried individuals.
For self-employed individuals, the floating rate of
interest will be 10.15 per cent for loans up to Rs 75
lakh and 10.35 per cent for loans from Rs 75 lakh to
Rs 3 crore.
Donald Trump:
‘India’s real estate market will pick up’
Trump launched his first Indian venture in India at
Mumbai this week that is 75 storeys high and gold in
colour - individual apartments cost millions of dollars In
the world of luxury property there are few more famous
faces than Donald Trump - the multi-billionaire who built
his fortune through New York real estate.
Now he licenses his name to luxury developments
across the word and this week launched a tower in
Mumbai - his first Indian venture.
At more than 75 storeys high and gold in colour -
individual apartments will cost millions of dollars.
The tycoon tried something similar in India a few
years ago - but pulled out of the deal.
Indians top investor in Dubai’s
real estate market
Indians have been ranked first among foreign
investors in Dubai’s real estate sector, making a
total of 4,417 transactions worth nearly USD 3
billion in the first half of the year, according to an
official report.
Indians, British and Pakistanis ranked top three
foreign investors in Dubai’s real estate market
with a combined share of Dh20.83 billion for 9,739
transactions in the first half of the year, according
to the report by the Dubai Land Department (DLD).

RE/MAX Mumbai Gujarat Maharashtra Newsletter August 2014

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RE/MAX Mumbai Gujarat Maharashtra Newsletter August 2014